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Showing 591 - 600 of 4428 results for "Poor"

Future Fund falls 3.4% in March quarter

KANIKA SOOD  |  MONDAY, 27 APR 2020
Australia's sovereign wealth fund lost 3.4% or about $6 billion in the March quarter, and is in no hurry to revalue its unlisted assets out of cycle unlike some superannuation funds. The Future Fund stood at $162 billion at March end, after returning ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... product, too often they are compromised by conflicts of interest, including insurers paying trailing commissions that result in poor product selection and claim disputes caused by underwriting complications." Kennen went so far as to say that the financial ...

Dealer group AFSL in limbo

ALLY SELBY  |  THURSDAY, 23 APR 2020
... 2017 after it purchased the advice business of MyPlanner Australia. Initially in 2017, ASIC found that MyPlanner was giving poor financial advice to its clients and did not adequately monitor its representatives, with a large number of these representatives ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
The COVID-19 pandemic could lead emerging markets to lose the last decade in progress, as the world sinks deeper into a global recession far worse than the Global Financial Crisis. That's according to State Street Global Advisors head of global ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
... operation of markets. Additionally, ASIC said it would "heighten" its support for consumers vulnerable to scams, and receiving poor advice, and added it would "identify other actions needed to support firms", including providing regulatory relief where ...

COVID-19 is not the only factor: deVere

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
... around the world see a flattening of their infection curves. "Investors are now increasingly looking beyond the immediate poor data towards the likely recovery towards the end of 2020," Green said. "Yet COVID-19 is set to have a hold over investment ...

Opportunities in fixed interest during crisis

ALLY SELBY  |  TUESDAY, 7 APR 2020
... one of the biggest challenges has been liquidity," he said. "The liquidity in the Australian bond market has been extremely poor to the extent that along with other fund managers, we have collectively voiced our concerns about a systemic failure of the ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... the MyPlanner Australia and MyPlanner Professional Services licences after surveillance determined advisers were providing poor advice under inadequate supervision. About a week later ASIC took action against one its individual advisers, accepting an ...

Time to step up or face the music

ALLY SELBY  |  THURSDAY, 2 APR 2020
... answers. Australian Ethical chief executive John McMurdo said its time for leaders to consider the long term implications of poor - and good - governance, not only for the corporate world, but for people and the planet too. "If ever there was a time ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... efficiently as possible because in times like this financial advice adds huge value whether through preventing people from making poor decisions or simply giving them confidence in the future - it's critical," Anderson said. "With everyone so stressed ...