Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 491 - 500 of 4428 results for "Poor"

Super fund ESG targets lack clarity: ACCR

RACHEL ALEMBAKIS  |  MONDAY, 1 FEB 2021
... impossible for members to understand what's being reported or do any meaningful comparison between funds, and that's pretty poor," Gocher said. "You'd think standardising and mandating that kind of data reporting would be something simple to do. Most ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... same obligations as mortgage brokers (Recommendation 1.6). Commissioner Kenneth Hayne slammed the advice industry for its poor background-checking practices, urging it to follow in the footsteps of the ABA. The inquiry found licensees frequently failed ...

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
The nation's wealthiest saw their fortunes increase by nearly $85 billion during the COVID-19 pandemic, a global survey highlighting the widening income-inequity gap shows. Thirty-one Australian billionaires saw their bank balances swell between March ...

Boards suffer from disconnect between risk, strategy

ELIZA BAVIN  |  WEDNESDAY, 20 JAN 2021
... organisation's definition of risk appetite was adding limited value to decision making processes such as strategic planning. Equally, poor quality risk data, and highly manual reporting processes, have undermined the ability of boards and management ...

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
The poor quality of group insurance data is conducive to administrative blunders that are notoriously difficult to rectify, according to Rice Warner. Superannuation funds and their life insurance partners are falling short of improving data collection ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
The corporate regulator has lambasted the major auditors for sloppy work, and poor governance and accountability practices. A sample of audits for the six months to June 2020 questions the quality and integrity of audit services. In aggregate, ASIC ...

Charles Schwab fails consumers, cops fine

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... noting the two-year breach period to April 2019. The FCA determined CSUK did not adequately protect client assets by way of poor recordkeeping, failing to reconcile holdings, and not maintaining a resolution to ensure the timely return of funds in the ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... "rewrite history" by resubmitting data to present their funds in "a more favourable light". "These kinds of games indicate poor leadership, are not indicative of a mindset that is genuinely seeking the best outcomes for members and certainly won't ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... 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 Your Future, Your Super law package could have been a ground-breaking super reform that finally ridded ...

Design, distribution obligations guide released

KARREN VERGARA  |  FRIDAY, 11 DEC 2020
... effect of broader market structures and conflicts that drive product development or distribution practices that result in poor consumer outcomes.