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Showing 321 - 330 of 4424 results for "Poor"

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... and cannot bring a set-and-forget mindset to product governance," she explained. "It is critical that providers respond to poor outcomes they identify by making changes.' Court added ASIC has now taken multiple actions under the DDO regime, including ...

Frontier appoints head of equities

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... markets, including direct equities, and has also worked as a buy-side analyst and in senior research roles with Standard and Poor's and Aviva. Murray led the Frontier equities team for 10 years, with chief executive Andrew Polson describing him as a ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
The carve out from the Your Future, Your Super (YFYS) performance test for faith-based funds has been axed by the government, despite it being an election policy. In December 2021, the government said it would adjust the performance test to account ...

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
One of Sam Sicilia's pet themes is that the forces of technology are deflationary, and they will inevitably kick in to be a dominant influence. The Hostplus investment chief has been on this tear for some time and hasn't changed his mind despite ...

Private market investment impediments not insurmountable: Frontier

ANDREW MCKEAN  |  TUESDAY, 22 NOV 2022
... meaningfully impact on performance, Frontier said. Further, in some cases, certain private market sub-sectors may simply have poor economics. For example, build-to-rent is a sector that may be a net benefit to the economy, but uncertainty regarding the ...

Property trusts hit with stop orders

CHLOE WALKER  |  TUESDAY, 22 NOV 2022
... Management Limited (MPG) has been banned from offering or distributing two of its property trusts to retail investors because of poor target market determinations (TMDs). The interim stop orders, implemented by ASIC, prohibit MPG from issuing interests ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... it received complaints that involved instances of advisers failing to adequately inform consumers of risks and providing poor-quality advice which wasn't appropriate for a client's circumstances or increased the chance of financial loss. CFR prefaced ...

ASX dumps CHESS replacement project

JAMIE WILLIAMSON  |  THURSDAY, 17 NOV 2022
... application software is only 63% complete and highlighted issues between the ASX and Digital Asset project teams, including poor communication and siloed execution and reporting leading to "misaligned views of status on delivery progress, risks and issues." ...

YFYS manipulation leaves members worse off: ISA

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
Industry Super Australia (ISA) says the Your Future, Your Super performance test results show many poor performing super funds, particularly retail, have gamed the system, leaving members worse off. "Dud super funds manipulate fees and reclassify investment ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
... exchanges (DCE), is still in its early formative stages or completely absent in most places, there is almost no way of detecting poor risk management from the outside." "Unlike traditional finance products such as a managed fund or ETF, if a DCE collapses ...