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Showing 131 - 140 of 4426 results for "Poor"

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 ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
ASIC commissioner Alan Kirkland had told financial advisers and superannuation trustees that more needs to be done to ensure better retirement outcomes for Australians. It comes after ASIC released its superannuation choice products and their focus ...

Dividends to be down in FY25: Equity Trustees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... experiencing weakening rates of growth as its property sector shows "scant signs of life" and consumer confidence remains poor. "Recent monetary and fiscal support measures look to us to fall short of what is required to meaningfully revive demand," ...

Inconsistencies abound in Future Fund mandate change: Deloitte

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2024
... are holding back additional development rest largely on the supply side, with high materials costs, a lack of workers, and poor construction sector productivity," Deloitte said. "Like anyone balancing both risk and return, the Future Fund invests in ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
The SMSF Association (SMSFA) has welcomed reports the government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the ...

Adviser suspended over wrongful use of ROAs

JAMIE WILLIAMSON  |  MONDAY, 25 NOV 2024
... based his advice on any enquiries about the clients' circumstances. "Ultimately, record keeping on all three client files was poor. Details of advice processes, if undertaken, could not be substantiated," the FSCP said. "The Sitting Panel found that ...

Australians satisfied with super performance: ASFA

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... Australians are satisfied with the returns their super fund is delivering, with only 6% deeming their fund's performance poor. Surveying 1500 adults across all age groups, genders, geographical location, and education band, ASFA found close to two-thirds ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... draw down the necessary data without significant manual work. "Even then, the data initially provided to us was generally of poor quality," ASIC said. "Some trustees were unable to track end-to-end claims handling times because they could not access ...