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Showing 11 - 20 of 127 results for "Poorer"

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
... a month. Hume acknowledged at the time of introducing the bill that this created structural inequality, contributing to poorer outcomes for women in retirement. According to Women in Super, there are approximately 300,000 workers in Australia currently ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... Margaret Cole said historically, the choice sector's complexity, variety and sheer volume of options have helped to shield poorer performers from scrutiny. "By shining a light on choice products that are failing to deliver quality, value-for-money ...

Super system "frayed": Hume

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... " She identified these points as the main drivers of inefficiency and structural inequality within the system, driving poorer outcomes in retirement for many Australians. "For the past few years, this government has been chipping away at theses weaknesses ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... billion in assets - are exempt from performance testing. The choice sector has been described by APRA as being at the "poorer-performing end of the spectrum", Scheerlinck noted. "While it's important to be performance testing MySuper funds, we need ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... and 48% identified at least one way to improve a product. "Funds with poor investment performance also tended to produce poorer quality reports than their better-performing counterparts. They were more likely to distract from poor performance with self-serving ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... ISA, the new legislation could cost Australian workers $230,000 in retirement savings by stapling them to a product with poorer performance. "Senators that vote to shackle workers to the worst performing funds will punch a huge hole in the savings of ...

Chief economist update: No fear

BENJAMIN ONG  |  MONDAY, 12 APR 2021
... others - caused by mutations of the virus, problems with the supply and slow distribution of the vaccine (especially among poorer nations) and most recently, anxiety over the linkage between the AstraZeneca vaccine and blood clots (which has prompted ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... Capital equity analyst Ryan Fisher said near zero-interest rates is perpetuating the rich getting richer and the poor getting poorer. "The zero-interest rate policy was absolutely the appropriate thing for central banks to do in the wake of COVID-19 ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... fund. "Inappropriate benchmarking risks driving behaviour to track the benchmark allocations which in turn would lead to poorer returns to members," it said. In closing, the AIST said: It is important that policy changes to a mandatory retirement savings ...

Women receive worse advice: Study

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
Financial advisers tend to give female clients poorer advice and recommend riskier assets compared to male clients, a new study shows. Women are significantly more likely to receive undiversified financial advice than men, researchers from the Hong ...