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Showing 471 - 480 of 4428 results for "Poor"

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... Bank, Credit Union Australia, Latitude Finance Australia, NAB and Suncorp. ASIC's Report 622, Consumer credit insurance: Poor value products and harmful sales practices, published in July 2019, revealed that the design and sale of CCI had consistently ...

LIC seeks options for performance woes

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
... company Templeton Global Growth Fund (TGG) is considering a range of options to salvage shareholder value after a period of poor returns and consistent discount to its net-tangible assets. TGG's independent directors have announced they have engaged ...

Zero rates causing risky business: Pengana

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
... Pengana Capital equity analyst Ryan Fisher said near zero-interest rates is perpetuating the rich getting richer and the poor getting poorer. "The zero-interest rate policy was absolutely the appropriate thing for central banks to do in the wake of COVID-19 ...

Not-so-Zuper: Super disruptor folds

JAMIE WILLIAMSON  |  MONDAY, 22 MAR 2021
... said. "These changes have increased the complexity and cost of administering superannuation funds resulting in potentially poor outcomes to members where there is insufficient scale." If members do not act before April 30, all Zuper accounts will be ...

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... package will benefit the big banks and for-profit super sector allowing them to take up to $10 billion a year in profit despite poor performance. The FSC has now hit back at those claims, labelling them incorrect and not credible. "The allegation that ...

Synchron demands clarity from insurers

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... additional underwriting, more policies will lapse, leaving more people without the protection they need," he said. "That's a very poor outcome for Australia and for Australians." Trapnell insisted it is in the best interests of policy holders and advisers ...

Banks should pay advice exit levy: TAA

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The Advisers Association (TAA) is calling on the government to mandate major banks and institutions pay an exit levy upon leaving the advice industry to provide relief for financial advisers and mitigate the increasing levy. Earlier this month the Australian ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... Professional work rating will not change. The prudential regulator is slamming the group insurance sector for delivering poor member outcomes off the back of a hoard of super funds - Living Super, HESTA, MTAA Super and LUCRF Super to name just a few ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... around credit products revealed many customers have still been facing irresponsible lending, charging of incorrect fees, poor customer service, fraud, and unfair terms and conditions. CHOICE chief executive Alan Kirkland called out the banks for not ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
... published in an upcoming paper, What lurks in the shadows?. In the same vein, the Actuaries Institute is calling out the poor behaviour of executives of big companies. Former Actuaries Institute president Barry Rafe said executives and chief executives ...