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Showing 31 - 40 of 151 results for "Poorer"

Cold calling advice firms called out

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2023
... cold calling advisers who charge up to $6000 "to roll consumers from high performing, low fee profit-to-member funds into poorer performing retail funds." "A typical experience was for a super fund member to be cold called by an intermediary generating ...

ASIC finds shortcomings in wholesale market practices

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
ASIC has released two reports on better and poorer practices in wholesale financial markets, encouraging participants in these markets to benchmark themselves against industry standards. Report 741 Conduct risk in wholesale fixed income markets (REP ...

Vanguard unveils positive impact fund

RACHEL ALEMBAKIS  |  TUESDAY, 18 OCT 2022
... needs, healthcare and quality of life, and lifting at is generically call the base of the pyramid - the needs of those poorer communities and lower socio-economic brackets." Baillie Gifford actively manages the portfolio of typically 25 to 50 global ...

Proxy advice reforms defeated

RACHEL ALEMBAKIS  |  FRIDAY, 11 FEB 2022
... manager external affairs, policy and advocacy Jane Rennie welcomed the vote and said that the reforms would have resulted in poorer transparency of investee companies' practices and performance. "Just like company directors, lawmakers must be held ...

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
... a month. Hume acknowledged at the time of introducing the bill that this created structural inequality, contributing to poorer outcomes for women in retirement. According to Women in Super, there are approximately 300,000 workers in Australia currently ...

APRA to weed out underperforming choice products

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... Margaret Cole said historically, the choice sector's complexity, variety and sheer volume of options have helped to shield poorer performers from scrutiny. "By shining a light on choice products that are failing to deliver quality, value-for-money ...

Super system "frayed": Hume

ELIZABETH MCARTHUR  |  FRIDAY, 15 OCT 2021
... " She identified these points as the main drivers of inefficiency and structural inequality within the system, driving poorer outcomes in retirement for many Australians. "For the past few years, this government has been chipping away at theses weaknesses ...

Greater scrutiny of choice products needed: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 31 AUG 2021
... billion in assets - are exempt from performance testing. The choice sector has been described by APRA as being at the "poorer-performing end of the spectrum", Scheerlinck noted. "While it's important to be performance testing MySuper funds, we need ...

Consumer group slams super self-assessments

ELIZABETH MCARTHUR  |  MONDAY, 30 AUG 2021
... and 48% identified at least one way to improve a product. "Funds with poor investment performance also tended to produce poorer quality reports than their better-performing counterparts. They were more likely to distract from poor performance with self-serving ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... ISA, the new legislation could cost Australian workers $230,000 in retirement savings by stapling them to a product with poorer performance. "Senators that vote to shackle workers to the worst performing funds will punch a huge hole in the savings of ...