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Showing 291 - 300 of 4424 results for "Poor"

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Australia's poor level of financial literacy is potentially making the underinsurance problem worse and puts women further behind, according to MetLife. The life insurer looked at the impact of financial literacy on Australians' financial health ...

ClearView offloads managed investments unit

KARREN VERGARA  |  FRIDAY, 24 FEB 2023
... in the WealthSolutions2 product on the HUB24 platform. "The wealth management business has faced strong headwinds with the poor performance of the segment resulting in a drag on group earnings," ClearView's latest financial reports show. As part ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... relatively low and expected to decline from 2.6% to 2.1% of GDP by 2060. Oppositely, many OECD retirement income systems have poor system design, population ageing, and elevated inflation imperilling long-term sustainability. The average OECD government ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... retirement." As previously reported by Financial Standard, APRA heatmaps said the bank's MySuper option had significantly poor performance in relation to the benchmark. The fund's total accounts growth rate (three-year average) was also negative ...

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
The US state is spending big on financial education and is close to mandating personal finance courses for high school students in a bid to combat financial illiteracy. Assembly Bill 984, introduced by assembly member Kevin McCarty on February 15, would ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... down," he said. Lowe added it's been 30 years since high inflation "eroded savings", worsened inequality and "hurt the poor." "Our job as the country's central bank is to make sure that doesn't happen again," he said. "Part of the way we ...

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... Commission," an adviser stated. Levy acknowledged industry fears that funds have conflicting interests which could lead to poor consumer outcomes but stressed the proposals do not fundamentally change the advice funds can provide nor the way that advice ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... members to the first superannuation fund they joined and also made it harder for disruptors to attract new members. "But poor product design didn't help either," Dunnin said. "The median expense ratio for disruptor superannuation products being 1.15% ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... proposed Good Advice Duty. "The good advice duty isn't nearly good enough. People want access to independent help to avoid poor quality products. This model will entrench the kinds of conflicts that led to the Royal Commission," O'Halloran said. ...

More DASS complainants flock to AFCA

KARREN VERGARA  |  MONDAY, 6 FEB 2023
... investigation of the clients' circumstances before providing the advice, according to ASIC, adding that in some cases, the poor advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss. "Advice ...