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Showing 701 - 710 of 4428 results for "Poor"

AMP Super, board slapped with licence conditions

KARREN VERGARA  |  FRIDAY, 14 JUN 2019
... improvement: conflicts of interest management, governance and risk management practices, breach remediation processes, addressing poor risk culture and strengthening accountability mechanisms. The new directions will force AMP Super to renew and strengthen ...

DomaCom launches senior equity release product

ELIZABETH MCARTHUR  |  THURSDAY, 13 JUN 2019
... financial advisers a significant place at the table in a growing and vulnerable sector that in many cases is asset rich and cash poor. Hence accreditation is crucial and the first group of advisers will be going through that over the next few days." ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... entered reverse mortgage arrangements as a result of one or more unforeseen events such as divorce, losses in superannuation, poor health, early retirement and higher costs of living. ASIC reviewed 17,000 reverse mortgages, 111 consumer loan files, lender ...

Risk commission changes imperil advice practices

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2019
... January 2020, the cap reduces to 60%, with a 20% trailing commission thereafter. "The commission model gets the blame for poor advice, poorly documented and delivered advice, no advice and lapse rates when objectively it isn't responsible for the life ...

Advisers wary of ethical funds, launch own rating system

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 JUN 2019
A co-op of financial advisers believes superannuation funds are performing poorly when it comes to providing ethical and sustainable investment options, as reflected in a newly launched rating system. The Ethical Advisers Co-op is launching its own ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
... respondents saw a 7% decline for company chairs and a 1% for directors. Motto said: "The Commission exposed multiple examples of poor corporate culture, poor ethics and risk management, leading to a number of board and executive resignations." "Beyond ...

Macquarie Securities cops ASIC penalty

KANIKA SOOD  |  MONDAY, 3 JUN 2019
... Corporations Act, ASIC said. "The MDP considers Macquarie's conduct to be negligent, having regard to Macquarie's poor design and implementation of updates to key systems, the high number of orders and trade reports containing incorrect or missing ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
As if the world hasn't had enough of the overhanging pall engendered by lingering trade tensions, US President Trump is about to raise the stakes and expand the scope to currency manipulators. This I learned from The New York Times (NYT) on May ...

Members ignorant about super fund differences: Research

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... returns, millions of members were in funds that persistently underperformed, primarily in the for-profit retail sector. A poor-performing fund could cost a worker up to $400,000 over their working life. This high level of confusion among members of poorly ...

Super fund proxy voting behaviour revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 MAY 2019
... responsible corporate action in Australia is transparency. "As ASIC itself found, disclosure across the sector remains shamefully poor. It is quite incredible that in a sector responsible for $1.7 trillion of investments, just 11 funds disclose a complete ...