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Showing 351 - 360 of 4428 results for "Poor"

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... The chief executive says it isn't just size that needs addressing - it is returns and service. Unfortunately, he adds, poor performance doesn't belong to small funds only. What needs to be called out is poor performance irrespective of fund size. ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... on file and only submitting them to clients if they ask isn't one of them. "It's likely to lead to greater risk of poor documentation and a future increased workload for the Australian Financial Complaints Authority (AFCA)," it said. IMAP did ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
... performance by 12 months, so leading performance will experience inflows from investors 12 months later and the same goes for poor performers experiencing outflows." Of the asset classes, Australian equities large cap had the highest 12-month net flows ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
Five AMP companies will pay $14.5 million for charging close to 1500 superannuation members fees for no service over the course of about three years. The Federal Court handed the fine to AMP Superannuation, AMP Financial Planning, Charter Financial ...

HNWs shunning professional advice: Research

CHLOE WALKER  |  TUESDAY, 20 SEP 2022
... cited the cost of advisers (31%, up from 26%), a lack of confidence in advisers' expertise (30%, up from 26%) and previous poor experience with financial advisers (28%, up from 22%) as playing a part in their decision. Of those who did receive advice ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... did not conduct a reasonable investigation of the clients' circumstances before providing the advice. In some cases, the poor advice resulted in the clients' SMSFs being insufficiently diversified and exposed to risk of capital loss, ASIC said. Justice ...

Actuary of the Year named

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
... unresolved problems in the use of data - there are conflicting ideas of fairness put forward, and what constitutes good versus poor conduct is often still vague." "We have taken the opportunity as a society to build automated systems. With human beings ...

CSLR legislation tabled, advice sector responds

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... cautious on its scope. "A CSLR promotes trust amongst consumers in our profession, ensuring that if money has been lost due to poor advice, compensation will be available," FPA chief executive Sarah Abood said. "We are concerned however that the scope ...

Future Fund adds to ESG leadership

RACHEL ALEMBAKIS  |  FRIDAY, 9 SEP 2022
The Future Fund has recruited a high-profile industry executive to its investment stewardship team. Karin Halliday will join the Future Fund as director, investment stewardship and ESG, the sovereign wealth fund has confirmed. Halliday will report to ...

Rising number of active funds underperforming: SPIVA

ANDREW MCKEAN  |  FRIDAY, 9 SEP 2022
... biannual S&P Indices Versus Active Funds (SPIVA) Australia Scorecard. However, although long-term performance statistics are poor, the SPIVA Australia scorecard said the first half of 2022 contained some bright spots for active managers. "In the first ...