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Showing 61 - 70 of 284 results for "Reliance"

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... Australia could be worse than the Global Financial Crisis. This, he argued, is due to our close proximity and trading reliance on China, pointing to the slowdown (and shutdown in some cases) in business and consumer activity in China and its domino effect ...

Industry-made retirement models are self-serving: SCA

ELIZA BAVIN  |  MONDAY, 2 MAR 2020
... Superannuation Funds Australia (ASFA) are not reliable and overstates how much a person needs for a comfortable retirement. "The reliance on the ASFA standards has affected media and public perceptions of what constitutes an adequate retirement income," ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... millions of customers were ripped off by the bank. "The order finds that Wells Fargo sought to induce investors' continued reliance on the cross-sell metric even though it was inflated by accounts and services that were unused, unneeded, or unauthorized," ...

Advice industry compresses

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... Baillieu which picked up 109 and Fortnum with 81. One of the big changes in the industry has been and remains the growth in reliance on managed accounts. Managed accounts funds under administration grew 39% last year alone to $63 billion - outgrowing ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of poor conduct and poor consumer outcomes revealed by the financial services royal ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... from directly providing wealth management activities and owning major dealer groups. "This will lead to an increased reliance on smaller dealer groups and self-licensed advisers to meet advice needs across the whole financial sector." He named AMP and ...

Firetrail fund gets Morningstar rating

KANIKA SOOD  |  THURSDAY, 24 OCT 2019
... broadly diversified overall portfolio. "We are confident the team can deliver outperformance over the full cycle, but reliance on a few high conviction stock bets will result in a high level of volatility."

IMF predicts bleak Australian outlook

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
... generally, taking a toll on business confidence, investment decisions, and global trade," the report said. Australia's heavy reliance on China and the United States being a major cause for concern as the fund warns that with "a projected slowdown in ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
ASIC is calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make ...

Super debate too one dimensional: Rice Warner

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
... years," the firm said. But according to its own research, the super industry is doing its job by reducing the nation's reliance on the Age Pension. "The cost of the Age Pension is expected to reduce from 2.6% of GDP to 2.1% by the end of the century. ...