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

Search Results

Showing 661 - 670 of 4429 results for "Poor"

ASIC imposes AFSL conditions on IOOF

JAMIE WILLIAMSON  |  MONDAY, 28 OCT 2019
... licensing power, including through the imposition of tailored licence conditions to address governance weaknesses, the risk of poor conduct or vulnerabilities to conflicts of interest in a licensee's business model." IOOF said it is pleased with ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
... revenue they retained when paying lower remuneration to advisers." He added that most of the industry reforms have arisen from poor institutional behaviour. "Having caused the problems, these same institutions showed (insincere) contrition by supporting ...

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... This is five times high than the average decline claim for all other TPD claims," the report said. ASIC also warned that poor claims handling processes contributed to some consumers withdrawing their claims and insurers lacked clear key claims data to ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make good ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Perpetual has reported a $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed ...

One in three chance of global recession: Aviva

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Aviva Investors has warned of a one in three chance of a global recession next year, saying the trade and manufacturing sector is already at recessionary levels. The global asset manager outlines in its report that it expects global growth to remain ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
... business remains shaken and companies have more work to do to meet the expectations of the broader community," Davidson said. "Poor governance practices were on full display during the Royal Commission. A number of companies have since paid dearly in ...

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... weakening economic growth rate calls for an urgent response from business," Fels said. "For the industries most impacted by poor mental health, such as financial services, this is not only a competitive business opportunity, but vital risk mitigation. ...

Undisclosed additional lending must stop

KRISTI CHENG  |  THURSDAY, 26 SEP 2019
... property related purposes, is an "inappropriate market practice", he said, and poses a real risk to investors. He thinks it is a poor market practice for two reasons. One, he said, a borrower has an obligation to disclose that to a bank. "A first ranking ...

MySuper not the only problem: AIST

HARRISON WORLEY  |  THURSDAY, 26 SEP 2019
... slammed MySuper - and the superannuation lobby - by revealing research which showed more than 170,000 people were placed in a poor performing super product in 2017-18. SCA acting director Xavier O'Halloran yesterday said more than 176,000 new accounts ...