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Showing 571 - 580 of 4428 results for "Poor"

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... communication with consumers following an increase in complaints relating to COVID-19. "Many of these complaints result from poor communication, where a consumer has trouble contacting their firm, does not understand their policy, or is confused about ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
A financial adviser who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided ...

Balanced funds fundamentally flawed

ALLY SELBY  |  MONDAY, 25 MAY 2020
... allocation approaches is the reliance upon asset class return forecasting and varying correlations in the build of a relatively poor risk management framework," he said. "[This] framework breaks down in periods of surprise, notably within systemic events. ...

Rich Dad feels for financial advisers

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAY 2020
Author of ubiquitous personal finance self-help book Rich Dad Poor Dad Robert Kiyosaki says he feels for financial advisers amid the COVID-19 pandemic - though he won't be taking their advice. "They have a tough job, a very tough job," Kiyosaki ...

Sentiment weakens as macro threats loom

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... from a period of mixed messages, are likely to experience higher volatility in the months ahead. Renewed trade tensions, poor economic and earnings data, the risk of a second wave of infections, as well as bankruptcies and job losses, threaten to topple ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... service for free. "In some cases, the whole of the lost superannuation recovered ends up paid out in fees," Eccleston said. Poor quality general and personal financial advice was sighted by the regulator as concerning conduct it has identified. Issues ...

S&P kicks companies off ESG index

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAY 2020
... automatic exclusions for involvement in tobacco and controversial weapons respectively. Netflix, like Twitter, suffers from a poor UN Global Compact score as does Berkshire Hathaway. However, Berkshire Hathaway also has an S&P Dow Jones Indices ESG score ...

Challenger launches new retirement tool

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... executive distribution, product and marketing Angela Murphy, the firm decided to "do more of the heavy lifting", to help time-poor advisers explain the risks retirees face, including educating Australians about the benefits of annuities. "They [advisers] ...

KKR company cut doctors pay during pandemic

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAY 2020
... Healthcare to stop cuts to physician pay and benefits," Porter and Warren said. They demanded that if Envision is in such poor financial shape it cannot continue current salaries and hours for doctors it should provide documentation proving as much. ...

Practice valuations avoid COVID-19 hit

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... are easier to get things away because you have more buyers," Tynan said. "The people that are really going to struggle, are poor, old, regional and rural Australia." Perhaps surprisingly, Perth and Tasmania have emerged as hotspots for those looking ...