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Showing 311 - 320 of 4424 results for "Poor"

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... intensive activities', 'financing or support of activities which cause environmental and social harm' and 'poor corporate governance'." ASIC said that while Cruelty Free Super applied some investment screens, they were "more specific ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... premium increases can be imposed to respond to a future deterioration in profitability, this reduces affordability and leads to poor consumer outcomes. "This will be further exacerbated by the lower household income and spending in a high inflation environment," ...

Magellan reports $2.6bn net outflows

ANDREW MCKEAN  |  MONDAY, 9 JAN 2023
... Financial Standard, Magellan chief executive David George is aiming to double the funds FUM by 2027, despite the fund's ongoing poor investment performance. "Through growth of our existing strategies and new products, I believe we will be a fund manager ...

SS&C launches super offering, secures Mine Super mandate

ANDREW MCKEAN  |  WEDNESDAY, 21 DEC 2022
... the fund deliver superior member outcomes. Last week, APRA heatmap data showed that Mine Super's MySuper product was poor performing in the context of a rolling eight-year benchmark. Further, regarding the sustainability of member outcomes, Mine ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... capital markets are going through a tough time," Dunnin said. "Perhaps the signal APRA is sending superannuation RSEs is that poor market conditions are not an excuse for fund members to suffer low relative performance. The regulator is expecting funds ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... distribution strategies to prevent consumer harm," she said. "ASIC is committed to reducing the risk of harm to consumers caused by poor product design, distribution and marketing, especially by driving compliance with design and distribution obligations," ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... Yesterday, as reported by Financial Standard, according to APRA heatmap data, Mine Super's MySuper product was said to be poor performing in the context of Heatmap benchmarks over eight years. Pertaining to the sustainability of member outcomes ...

MySuper heatmap reveals sub-par products

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
The annual MySuper heatmap shows there are six products that had significantly poor performance in relation to the benchmark. EISS Super's MySuper option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... risk-based surveillance and enforcement action, including issuing stop orders, and taking other regulatory action to address poor design and distribution of products," he said. "We are focusing on sectors and products that pose the greatest risks of ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... demonstrate their capacity to provide financial services. Failure to comply with reporting obligations can be an indicator of a poor compliance culture," ASIC stated. Since ASIC's surveillance, AFSL Group has applied for reinstatement of its AFCA membership. ...