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Showing 431 - 440 of 4428 results for "Poor"

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... leaves about a third of APRA-regulated funds out of the test's remit. "I'm concerned that there's a potential for poor market behaviour and mis-selling and driving people from tested products into untested products. And there is going to be a ...

Time to weed out dud funds: Delaney

ELIZABETH MCARTHUR  |  THURSDAY, 2 SEP 2021
... the Australian Institute of Superannuation Trustees (AIST) ASI 2021 conference while Your Future, Your Super is imperfect, poor performing super funds need to be weeded out. AustralianSuper returned a record 20.4% last financial year and now has $225 ...

ASIC red tape unit welcomed

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... Financial Services and Credit Panel as the single disciplinary body for financial advisers. ASIC also plans to up the ante over poor product governance and design to mitigate the risk of harm to consumers as well as supporting enhanced cyber resilience ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... Super performance test results as a good first step in improving transparency for members but urged for greater focus on poor performing, non-MySuper products. This would "ensure that every Australian could get transparency on where their super fund ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... 2020 financial year. But 41% of the funds in question will likely fail the new APRA performance test due to high fees and poor returns. The research found 17 out of the 42 funds were likely to fail the upcoming performance test. Those 17 funds were ...

APRA outlines remuneration standard

ANNABELLE DICKSON  |  FRIDAY, 27 AUG 2021
... for remuneration across superannuation, banking and insurance which could see individuals lose their bonus in the event of poor risk conduct. Cross-industry Prudential Standard CPS 511 Remuneration (CPS 511) has been released in an effort to drive better ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... facilitating innovation, and targeting regulatory and enforcement action to areas of greatest harm. It plans to up the ante over poor product governance and design to mitigate the risk of harm to consumers as well as supporting enhanced cyber resilience ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
... compensation cap of $150,000. "Maurice Blackburn submits that the stated cap risks grossly undercompensating many victims of poor corporate behaviour. We believe that any cap should be expressed in terms directly related to the compensation cap available ...

Sydney Airport rejects AustralianSuper takeover

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
... impact on aviation and travel. Sydney Airport is of the view that with vaccines being rolled out around the world, its current poor performance is a temporary blip. The conditions of the consortium's offer include that UniSuper, which holds 15% of ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
Major professional associations have united to rally against the newly proposed compensation scheme of last resort. The Chartered Accountants Australia and New Zealand, CPA Australia, Financial Planning Association of Australia, Institute of Public ...