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Showing 621 - 630 of 4429 results for "Poor"

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
The Financial Services Council (FSC) has called for the government to cap compensation claims over financial misconduct at "reasonable levels" so as not to create a "moral hazard". In a submission to the Treasury's Compensation Scheme of Last Resort ...

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... influence of the difficult environment life insurers were operating in, and said there was "no simple solution to the very poor experience of income protection business".

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
National Australia Bank in its quarterly update flagged another delay to the separation of MLC Wealth. NAB said that due to a challenging business environment, the separation of MLC Wealth may be delayed beyond financial year 2020. "Work on operational ...

Tough times continue for AMP

ELIZA BAVIN  |  THURSDAY, 13 FEB 2020
... reported losses across the board in its FY19 results citing a challenging environment in Australian wealth management for the poor result. FY19 underlying profit came in at $464 million, down from $680 million in the previous year. The net loss attributable ...

Former licensee boss banned

JAMIE WILLIAMSON  |  TUESDAY, 11 FEB 2020
ASIC has said the former chief executive of Spectrum Wealth Advisers had a poor understanding of his obligations and failed to ensure advisers complied with the law, banning him over his involvement in the licensee's numerous failures. Mark Schroeder ...

Old boys, girls clubs dominate boards

ALLY SELBY  |  FRIDAY, 7 FEB 2020
... self-sustaining vicious circle where many boards haven't figured out the hard and soft skills they need, so put together a poor-quality PD, which then results in generic applications in a 'pray and spray' approach from candidates who become frustrated ...

Separate advice and product: AIOFP

ELIZABETH MCARTHUR  |  FRIDAY, 7 FEB 2020
... to the APRA levy across regulated funds. The AIOFP wants to see separate boards addressing compensation cases related to poor financial advice and product failures. It proposes each adviser pays $250 per annum, upfront two years in advance. Each AFSL ...

Asia is way forward for global economy: DWS

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
The doom and gloom in the global economy is starting to see the rays of light shine through in 2020 for Asia in particular, according to DWS chief investment officer, APAC Sean Taylor. Speaking to Financial Standard ahead of the Chief Economist Forum ...

Retail funds outperform, but industry funds dominate

HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... the sector's best performance in six years and its second best single year return of the last 15 years, as the impact of a poor quarter of performance in December 2018 begins to drop away. Rainmaker head of superannuation research Jason Ross said that ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal commission." Rice Warner's analysis stated ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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