Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 781 - 790 of 4429 results for "Poor"

Chief economist update: Surplus here we come

BENJAMIN ONG  |  WEDNESDAY, 26 SEP 2018
The US Federal Reserve is poised to announce another 25 basis point taking the fed funds rate to 2%-2.25% when it concludes its September FOMC meeting later today. That wouldn't be a surprise. Another 25 basis point hike in December also wouldn't ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... communications, misrepresentation of policy terms and misuse of the daily activities diary. Orr added van Eeden accepted the poor conduct ran over a number of years involving numerous TAL employees who weren't subject to disciplinary consequences. In ...

Choice members worse off in retirement: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
... choose product other than MySuper, the Royal Commission has shown us that many people who choose their super fund end up in poor performing bank-owned super funds because of conflicted financial advice." Rainmaker's latest Benchmarking report shows ...

Big-spending retirees live in Melbourne: Research

KARREN VERGARA  |  TUESDAY, 18 SEP 2018
Melbourne's surrounding suburbs are home to Australia's highest spending retirees, Milliman analysis shows. Retirees living in the wealthy enclaves of Armadale, Prahran, Windsor, South Yarra East and Toorak or Stonnington West spend $56,711 per year ...

ASIC takes Dover, McMaster to court

JAMIE WILLIAMSON  |  MONDAY, 17 SEP 2018
... representatives compared to clients. The policy sought to protect the interests of Dover's and its advisers, avoiding liability for poor financial advice, ASIC said. In its action against Dover and McMaster, ASIC highlighted numerous policy clauses. ...

Freedom sold life insurance to intellectually disabled man: Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 12 SEP 2018
... initially sold the policy would have been able to sense his son was disabled. "Oh, surely you'd know? I mean he's got very poor speech. I just find that iniquitous that someone could do that," Stewart said. Despite being promised to be called back, Stewart ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... pointed out. In early February 2018, ClearView announced it would refund $1.5 million to thousands of customers as a result of poor sales practises. It notified ASIC its call centre staff used unfair and high pressure sales tactics to sell life insurers ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... consumers to compare the insurance offerings between funds or to understand insurance offered in superannuation, ASIC commented. Poor complaints-handling timeframes and practices were a major concern as about one-third of trustees took more than 90 days ...

Life insurer undertakes strategic review

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... direct life insurance last week. ASIC's review found sales practices and products that offer little to no value are leading to poor consumer outcomes, with insurers regularly providing insufficient information as to adequacy of cover being sold and engaging ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... is "disappointed" ASIC's review into direct insurance has uncovered continuing practices of some life insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said its Life Insurance Code of Practice ...