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| | | ... bright. Furthermore, unlike the tech darlings, BHP's valuation looks far from stretched," Pearce said. In terms of the poor performers among the stocks UniSuper has more than $1 billion in, the ASX was the worst of the bunch with its return of -19% ... |
| | | | Developing a wealth transfer plan remains on the to-do list for Australia's wealthiest, according to LGT Crestone's latest State of Wealth report. The report, now in its fourth year, uncovered nearly two thirds of Australian high-net-worth (HNW) ... |
| | | | ... Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management obligations by way of poor stress testing and inappropriate governance frameworks. An authorised fund can be structured as an authorised unit ... |
| | | | ... their fund for less than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult processes, and poor customer service. Meantime, 34% of members said they ... |
| | | | ... having the opportunity to understand and consider the features of the insurance product they had been offered, resulting in poor consumer outcomes," she said. In 2019, ASIC consequently banned unsolicited cold call telephone sales of direct life insurance ... |
| | | | Industry Super Australia deputy chief executive Matthew Linden says the fact the amended superannuation performance test doesn't look at retirement products is a cause for concern. In the latest episode of the Financial Standard podcast, Linden said ... |
| | | | ... with "highly templated and scoped advice provided very quickly to a consumer of dubious quality". "If it turns out that the poor advice was not a once-off mistake, but rather a function of a business model that is not conducive to advice in the best ... |
| | | | The Australian Law Reform Commission's (ALRC) third and final interim report is proposing to restructure and simplify financial advice regulation after finding the industry is regulated very differently to other financial services sectors. Interim ... |
| | | | ... characterised Morrison's conduct as being at the high end of "careless". Although, the MDP did not consider that Morrison had a poor compliance culture overall, it noted that Morrison's conduct indicated that speed of orders to the market was ... |
| | | | ... new and different risks and issues, Longo said. "The point is the fear of missed opportunities cannot be allowed to drive poor decisions, outcomes, or controls. While the potential in this field is enormous, our vigilance must be unwavering. The industry ... |
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