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Showing 691 - 700 of 4429 results for "Poor"

ASIC warns trustees on employer inducements

KARREN VERGARA  |  THURSDAY, 1 AUG 2019
... employees who are not engaged with their super are particularly vulnerable to negative financial outcomes as a result of poor employer decision-making." Infosheet 241 provides six scenarios that help trustees determine whether or not they are breaching ...

Consultancy launches virtual business coaching

HARRISON WORLEY  |  TUESDAY, 30 JUL 2019
Time poor financial advisers can now head online for help from Elixir Consulting. Elixir Consulting launched Evolve Alliance, a virtual business coaching portal for financial advisers in Australia without the time to access the firm's direct business ...

Sam Henderson cops ASIC ban

KANIKA SOOD, JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2019
... comparisons or justifying why the in-house products were better than his clients' existing products, ASIC said. One example of poor advice highlighted during the Royal Commission was that of Henderson repeatedly pushing Fair Work commissioner Donna ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
The superannuation sector is in a spin over the super guarantee, despite the Government committing to its legislated increase to 12%. In a media release, the peak-body for industry superannuation, Industry Super Australia, fired a shot across the Government's ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
The prudential regulator has been criticised for its poor culture, leadership and regulation of the superannuation sector following a landmark review that will force it to overhaul its entire structure. The Australian Prudential Regulation Authority ...

Politicians dishonest about fraud: VOFF

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
... 8% of Trio victims lost retirement savings. "The reason these people lost their money is because they followed some very poor financial advice," Jones told the Illawarra Mercury in 2013. "What sort of financial adviser in their right mind would encourage ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
Peak superannuation bodies have forcefully rebuked the Grattan Institute's recent claim that middle-income workers would be worse off if the Superannuation Guarantee rose to 12%. Industry Super Australia and the Association of Superannuation Funds of ...

Increasing SG costly for middle Australia: Grattan

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2019
Lifting the Superannuation Guarantee will make middle-income earners poorer over their entire lifetime, new Grattan Institute research shows. Raising the SG from 9.5% to 12% would see a 30-year-old worker fork out $30,000 over their lifetime, Grattan ...

ISA condemned by union

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUL 2019
... ETU has very strong concerns about this ISA report that broadly spruiks nuclear power while using flawed assumptions and poor modelling to write down the capacity of renewables and battery technology." He claimed the report was produced without consulting ...

Super delivers for the masses: Challenger

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
A new Challenger white paper suggests the superannuation system is broadly effective and delivering objectives for retirees - but it is still leaving some members behind. Citing APRA figures, members aged 65 and over have $800 billion tucked away in ...