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Showing 11 - 20 of 4461 results for "Poor"

Taxpayers to foot Age Pension if super turned into ATM: SMC

RIDDHIMA TALWANI  |  THURSDAY, 17 SEP 2026
New modelling by the Super Members Council (SMC) has shown One Nation's superannuation policy could leave taxpayers on the hook to pay up to double the amount taken out. One Nation is proposing to give Australians paying rent or a mortgage the choice ...

ASIC zeroes in on recurring compliance breaches

VINNY VUCAGO  |  THURSDAY, 10 SEP 2026
... candidates and supervisors while warning financial advice licensees over reference checking, professional indemnity insurance and poor-quality superannuation advice. The regulator's latest financial advice update highlights several areas of focus for ...

Retiree super spending injects $121bn into Aussie economy

RIDDHIMA TALWANI  |  WEDNESDAY, 9 SEP 2026
New research has found retirees will spend close to $121 billion from their superannuation in 2026, bolstering the Australian economy and supporting jobs. Commissioned by the Super Member Council (SMC) and conducted by ACIL Allen, the research surveyed ...

Industry, economist blasts One Nation's super agenda

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
Industry bodies and an economist have criticised One Nation's plan to let Australians redirect part of their superannuation into take-home pay, warning the policy would fuel inflation and leave workers significantly poorer in retirement. One Nation ...

Nine in 10 advisers concerned about greenwashing: RIAA

RIDDHIMA TALWANI  |  MONDAY, 7 SEP 2026
... be practical for consumers and advisers. The main challenges advisers highlighted were lack of standardised definitions, poor disclosure practices, misleading product names, products not matching client preferences and insufficient reporting. "Clearly ...

CEDA warns migration cuts will have economic spillover

RIDDHIMA TALWANI  |  WEDNESDAY, 2 SEP 2026
The Committee for Economic Development of Australia (CEDA) has warned while a dramatic cut in headline migration figures might be seductive, changes at scale will have a spillover in the economy including the labour market. The government's immigration ...

ASIC draws parallels between ASX and super trustee failures

RIDDHIMA TALWANI  |  FRIDAY, 21 AUG 2026
ASIC commissioner Simone Constant has urged superannuation trustees to make good use of member data to better understand their needs as they move towards and through retirement. Speaking at an industry event, Constant said retirement is seen as an isolated ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
... government's proposed compensation scheme will reinforce APRA's proposals by creating a stronger incentive for trustees to remediate poor investment governance." "APRA's investment governance reforms aim to raise standards across the sector and reduce ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... trustees to implement and enforce advice fee deduction caps for members. He acknowledged concerns raised by regulators about poor conduct and consumer harm arising from inappropriate advice practices. Referencing ASIC's recent work on advice fee ...

GQG sees $6.4bn outflows in July

VINNY VUCAGO  |  WEDNESDAY, 12 AUG 2026
... million. Morningstar equity analyst Shaun Ler at the time subsequently described GQG's earnings outlook as weak, pointing to poor short- and medium-term relative performance and the risk of accelerating redemptions.