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Showing 121 - 130 of 4424 results for "Poor"

Chief executive misbehaviour stifles investment returns

ANDREW MCKEAN  |  THURSDAY, 23 JAN 2025
Secret affairs, sexual harassment, and systemic abuses of power by chief executives and senior leaders have the potential to erode investment returns, according to Acadian Asset Management. Events like these can shake company valuations, demonstrating ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
Laws that will double the tax on earnings of superannuation balances over $3 million, which were shelved in late 2024, will make the system fairer particularly as many are doing it tough, The Australia Institute says. The Australia Institute chief economist ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... Finura, as super funds potentially move this service in-house amid tighter scrutiny from the regulators. ASIC suing Cbus for poor member claims experience and the 70% decline in Link Group's (which is now MUFG Pension & Market Services) share price ...

Top asset management trends for 2025

ANDREW MCKEAN  |  WEDNESDAY, 15 JAN 2025
Despite a turbulent 2024, the prospect of more accommodating monetary and regulatory policies has turbocharged an up and to the right trend that's flattered many asset managers' businesses. However, themes that will shape the industry now, and in the ...

Superhero Super assets to swell via fund transfer

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2024
... These changes have significantly raised the complexity and cost of administering superannuation funds, potentially leading to poor outcomes for members in cases where there isn't sufficient scale," the notice reads. "This decision has been reached ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
The government has announced an additional allocation of $401 million over four years to help implement payday super, due to begin 1 July 2026 - requiring employers to pay their employees' superannuation entitlements at the same time as wages. Advocacy ...

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... under increased pressure from declining numbers. "Further pressure, such as the significant contingent liability posed by the poor conduct of wealth management companies and the impact this has on the CSLR will only make this situation worse," the FAAA ...

Investment habits of the generations revealed

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... highlighting the importance of disciplined, long-term investing, will be key to ensuring that their confidence doesn't lead to poor decision-making." The report also found that active ETFs are increasingly appealing to younger generations. Close to one ...

South Australian financial adviser slapped with seven-year ban

ANDREW MCKEAN  |  FRIDAY, 6 DEC 2024
South Australian financial adviser Bruce Davis has been banned for seven years by ASIC. Davis, who was the sole director and responsible manager of Wise Investment Advisers, has been barred from providing financial services, controlling an entity that ...