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Showing 211 - 220 of 4424 results for "Poor"

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
It will likely take 230 years to eradicate poverty, as the wealth of Australia's three richest people more than doubles and the first trillionaire is expected to be minted in the coming years. Those are some key findings from a new Oxfam report, which ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... warning that they will take regulatory action if practices do not improve. The regulators have reprimanded life insurers for poor practices relating to premium increases that have been on their radars since 2019. Their letter sent to insurers revealed ...

Nomura offshoot fined by ASIC disciplinary panel

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... integrity and compliance with the Rules," the MDP said. The failure to update its system in response to market changes indicated 'poor market awareness and a 'set and forget' approach' to compliance, the MDP alleged. Instinet has paid the infringement ...

ASIC curbs high-risk offers from online trading providers

ANDREW MCKEAN  |  WEDNESDAY, 6 DEC 2023
... offers, or proposed offers, to retail investors where we were concerned the offers may be unfair, inappropriate or result in poor investor outcomes. ASIC commissioner Simone Constant said: "Our more proactive approach to identifying and disrupting emerging ...

Superhero Super swallows Smartsave, overhauls offerings

KARREN VERGARA  |  TUESDAY, 5 DEC 2023
... 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 read. Superhero Super and Smartsave are ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... that the polluter pays," Pritchard said. The Financial Services Compensation Scheme (FSCS) paid out nearly £760 million for poor advice by insolvent personal investment firms between 2016 and 2022. This expenditure was primarily caused by 75 firms ...

On-platform TDPs miss performance test benchmarks, worst on fees: APRA

ANDREW MCKEAN  |  WEDNESDAY, 29 NOV 2023
... benchmark. "RSE licensees with products that consistently underperform their benchmarks need to understand the drivers of these poor results, and consider what changes are required to improve performance or whether they should advise their members to ...

Small-cap shares set to soar: Flinders

CHLOE WALKER  |  FRIDAY, 24 NOV 2023
... (GFC). "For almost two years now, small caps have underperformed large caps, and for the most part this has come down to poor investor confidence," Macdougall said. "However, the macroeconomic conditions have not been as bad as people initially feared ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
... significant dip in financial literacy is seen in women under 30, with a third ranking their skills and ability as fair or poor. NAB said 31% of women aged 18 to 29 were included in this cohort, and worryingly the result was "significantly higher" than ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... clearing agency. The SEC's complaint also alleges that Kraken's business practices, deficient internal controls, and poor recordkeeping practices present a range of risks for its customers. As alleged in the SEC complaint, Kraken blends its customers' ...