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Showing 771 - 780 of 4429 results for "Poor"

Grattan says Aussies retiring comfortably, ISA responds

KANIKA SOOD  |  WEDNESDAY, 7 NOV 2018
Australians are retiring with more than enough, according to new research from Grattan Institute but ISA and ASFA don't agree. Grattan Institute modelling found that most workers can expect retirement income of at least 91% of their pre-retirement ...

TAL slashes jobs, cuts outbound sales

JAMIE WILLIAMSON  |  FRIDAY, 19 OCT 2018
... of direct life insurance, ASIC found sales practices and products are commonly of little to no value, thereby leading to poor consumer outcomes. The review - comprising 11 market players - found numerous issues with the sales practices used, including ...

Adviser-client relationships not swayed by RC

JAMIE WILLIAMSON  |  THURSDAY, 18 OCT 2018
... as 'excellent' or 'very good.' However, 13% of consumers and 11% of SMEs were less complimentary, rating their adviser as 'poor' or 'fair.' "We've seen a lot of negativity about financial advice in the media, but consumers and SMEs are both telling us ...

Macquarie boss joins climate change commission

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
Macquarie's chief executive designate Shemara Wikramanayake has been named a commissioner for a global climate change initiative, alongside Bill Gates and Ban Ki-Moon. The Global Commission on Adaptation was launched at The Hague yesterday with ...

APRA will rethink how it assesses risk: Byres

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... APRA's approach to risk. "Consistent with prudential supervisors around the world, APRA has traditionally examined cases of poor conduct as an indicator of risk, but not a direct prudential risk in and of itself, unless it was likely to jeopardise the ...

Aviva chief executive exits

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
... the next phase of its development," the board said in a statement. Wilson said: "When I joined Aviva, the company was in poor health. Aviva is very different today. I have achieved what I wanted to achieve and now it's time for me to move on to new things. ...

ASIC bans Spectrum Wealth adviser

KARREN VERGARA  |  WEDNESDAY, 10 OCT 2018
... well as other data to identify a group of high-risk advisers. The resulting high-risk list is not in itself an assessment of poor quality advice, ASIC said, rather helps target surveillance activity. The LILD Project was established in August 2016 to ...

CBA to refund dead customers, grandfathered commissions

JAMIE WILLIAMSON  |  TUESDAY, 9 OCT 2018
... now spent about $580 million improving its advice business in the last six years, including $270 million in remediation for poor advice and wrongfully charged fees.

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... comprehensive review and findings of the direct life insurance segment. ASIC found direct life insurers' sales practices were poor and the products offered little to no value. Freedom conceded that the upfront commission it earns and existing distribution ...

Regulatory inadequacy to blame: Hayne

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Inadequate regulatory response to previous financial advice scandals has enabled poor conduct to continue and exacerbate, according to the Royal Commission. In his interim report, Commissioner Hayne has said scandals dating back to the GFC can shed ...