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Showing 51 - 60 of 4235 results for "Poor"

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... profession. It is "almost impossible" to say that these are not factors behind the improvement, he said, adding that weeding out poor advice business models has also helped. Scams, financial difficulty claims on the rise The number of complaints that ...

UniSuper rides tech tailwinds to strong returns

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2023
... bright. Furthermore, unlike the tech darlings, BHP's valuation looks far from stretched," Pearce said. In terms of the poor performers among the stocks UniSuper has more than $1 billion in, the ASX was the worst of the bunch with its return of -19% ...

HNW wealth transfer still on the to-do list

CHLOE WALKER  |  SATURDAY, 15 JUL 2023
Developing a wealth transfer plan remains on the to-do list for Australia's wealthiest, according to LGT Crestone's latest State of Wealth report. The report, now in its fourth year, uncovered nearly two thirds of Australian high-net-worth (HNW) ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management obligations by way of poor stress testing and inappropriate governance frameworks. An authorised fund can be structured as an authorised unit ...

Super fund satisfaction still poor: Report

JAMIE WILLIAMSON  |  THURSDAY, 6 JUL 2023
... their fund for less than five years, and those in a default investment strategy. The key reasons for switching cited were poor returns, high fees, lack of transparency, difficult processes, and poor customer service. Meantime, 34% of members said they ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... having the opportunity to understand and consider the features of the insurance product they had been offered, resulting in poor consumer outcomes," she said. In 2019, ASIC consequently banned unsolicited cold call telephone sales of direct life insurance ...

Performance test excluding retirement products is "crazy": Podcast

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
Industry Super Australia deputy chief executive Matthew Linden says the fact the amended superannuation performance test doesn't look at retirement products is a cause for concern. In the latest episode of the Financial Standard podcast, Linden said ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... with "highly templated and scoped advice provided very quickly to a consumer of dubious quality". "If it turns out that the poor advice was not a once-off mistake, but rather a function of a business model that is not conducive to advice in the best ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The Australian Law Reform Commission's (ALRC) third and final interim report is proposing to restructure and simplify financial advice regulation after finding the industry is regulated very differently to other financial services sectors. Interim ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... characterised Morrison's conduct as being at the high end of "careless". Although, the MDP did not consider that Morrison had a poor compliance culture overall, it noted that Morrison's conduct indicated that speed of orders to the market was ...