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Showing 51 - 60 of 4424 results for "Poor"

Feature: Retirement | The right mix

LACHLAN COLQUHOUN  |  WEDNESDAY, 5 NOV 2025
... head of engagement Stephen Huppert says that as well as FORO resulting in unspent balances, it can result in people "making poor choices and lead to many retirees being overly conservative spenders." In a recent whitepaper Lifetime Income and the Annuity ...

Payday Super laws passed

ELIZA BAVIN  |  TUESDAY, 4 NOV 2025
The Payday Super laws have successfully passed through the Senate today with the reforms being welcomed by the superannuation industry. The new laws are slated to come into effect on 1 July 2026. Association of Super Funds of Australia (ASFA) welcomed ...

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... services licence. "Licensing ensures consumers receive the full suite of protections under the law and allows ASIC to act when poor practices lead to harm." ASIC said it will, however, continue to act against egregious conduct where it sees significant ...

Unclaimed super pot hits $19bn: ATO

ELIZA BAVIN  |  THURSDAY, 30 OCT 2025
The Australian Taxation Office (ATO) released new data revealing there is almost $19 billion in lost and unclaimed superannuation waiting to be claimed by over seven million people. ATO deputy commissioner Ben Kelly said there could be several reasons ...

Morningstar DBRS expands into regional Australia

ANGELIQUE MINAS  |  WEDNESDAY, 29 OCT 2025
... New Zealand, as well as the head of relationship management for APAC at Moody's Ratings. She also tenured with Standard and Poor as the director of financial services ratings and occupied senior positions in corporate banking and debt markets at Barclays ...

Government's rush to implement Payday Super is 'reckless': Coalition

MATTHEW WAI  |  WEDNESDAY, 29 OCT 2025
Although Payday Super addresses critical issues, including the $5 billion in unpaid super, the Coalition believes the government's "rushed implementation" of the bill could hurt the economy. Payday Super, which is slated to come into effect on 1 July ...

APRA updates governance framework

ELIZA BAVIN  |  FRIDAY, 24 OCT 2025
... and sound risk management. Across our regulated industries, APRA continues to see cases where deficient governance leads to poor prudential outcomes," Lonsdale said. "However, in strengthening standards of governance, we want to strike a balance between ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... things more from that member perspective." When ASIC sat down with some of the organisations they were "surprised" when their poor claims handling times were broached. No one at the board and senior executive level, Constant says, was reviewing the claims ...

APRA flags growing trustee complacency on retirement strategies

RIDDHIMA TALWANI  |  FRIDAY, 17 OCT 2025
... embraced retirement as a strategic and competitive imperative. ASIC, this week, also slammed superannuation trustees for poor retirement communications practices, finding that many funds are missing opportunities to engage with members throughout retirement ...

APRA lifts final Westpac capital add-on

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... spurred by several breaches and misconduct. APRA slapped the first $500 million capital add-on in July 2019 as a result of its poor risk governance self-assessments. At the end of 2019, APRA slapped another $500 million on Westpac for more fundamental ...