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Showing 1 - 10 of 4240 results for %22Poor%22

Poor gender diversity not a 'women's problem': Panel

KARREN VERGARA  |  WEDNESDAY, 15 MAY 2024
Gender diversity issues are no longer a "women's problem but a business problem", according to wealth managers, who urge the industry to seize the opportunities to make meaningful changes. In a fireside chat discussing women and wealth at the Stockbrokers ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... more proactive on this front is a question for the trustees, adding that ASIC is still working closely with APRA regarding poor oversight of advice fee deductions. "It's a question for them, but it perhaps relates to our overall messaging which is ...

ASIC slams funds' serious deficiencies over advice fee charges

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
A review by ASIC has found evidence of poor oversight of advice fee deductions by superannuation trustees, with some allowing charges of up to $20,000 before raising concerns and some not conducting any checks of advice documents at all. ASIC is calling ...

Poor investment governance costly for asset owners, members: KPMG, Frontier

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
Most asset owners estimate that poor investment governance could increase portfolio costs by 1% or more annually, according to a joint report by KPMG and Frontier Advisors. The report, which surveyed 22 asset owners in the local investment industry ...

Crescent Wealth to merge into Russell Investments

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... appropriate having regard to their financial interests," and net returns "aren't consistent with market rates," indicative of poor performance. Scale was also pinpointed as an issue; with total member assets of $419 million and just under 12,000 ...

Income inequality elevated, spikes: Oxfam

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... analysis of the World Bank's International Development Association (IDA), a provider of grants or low-interest loans to the poor countries, shows that borrowers are overindebted and need almost half (45%) of their debt cancelled. Head of Oxfam International's ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... advisers to respond to numerous and different processes. This ultimately adds to the cost of advice and will likely result in a poor consumer experience. "Under the proposed legislation, superannuation trustees that allow fee deductions will need to ...

Fund managers prepare for harsher penalties

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
... meeting their regulatory requirements, with 66% saying they were good at it and only 1% describing their ability to do so as poor. Aron Brown, head of regulatory and compliance at Ocorian, said it was surprising to see the number of firms that believed ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... falls are likely, at least in some market segments, given the lag with which commercial real estate prices tend to adjust to poor conditions; price discovery has been hampered by transaction volumes that remain well below historical averages due to the ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
'Goldilocks' soft-landing view, deteriorating consumer health and a poor growth outlook this Australian reporting season hints at a hard landing. "After digesting the latest information from reporting season results and company meetings our analysis ...
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