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Showing 801 - 810 of 4429 results for "Poor"

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... arrangements. What's worrying for consumers is that they remain loyal to unsuitable products with little or no benefit thanks to poor advice, and complex information attached to high margin products, the report said. By mid-2020, the Commission said ...

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... processes. SCC chair Rod Stowe said it is fitting that the funding has become available as a result of regulatory action on poor super selling practices. "This is an excellent example of the way Enforceable Undertakings can improve consumer outcomes. ...

SMSFs: Low balance, low satisfaction

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
... are particularly high, and significantly more so than APRA-regulated funds. These high costs are the primary cause of the poor net returns experienced by small SMSFs on average," the report states. Lower costs may be why satisfaction with industry super ...

Poor tech derails financial services marketing: Study

MICHELLE BALTAZAR  |  MONDAY, 30 JUL 2018
Inefficient marketing technology poses more roadblocks for financial services marketers than competitor products or management buy-in, a new study shows. Yell Creative found 32% of the marketers they surveyed in their annual 'Australian Finance ...

Airlie backs financials but wary on banks

DARREN SNYDER  |  THURSDAY, 26 JUL 2018
... big four banks they only hold Commonwealth Bank. Williams said Australia's banking sector faces numerous headwinds and poor sentiment, especially around the Royal Commission, but he does believe this will pass and it could offer an opportunity to ...

SMSFA slams PC draft findings

KARREN VERGARA  |  WEDNESDAY, 25 JUL 2018
... incur high costs that are "significantly more" than APRA-regulated funds. "These high costs are the primary cause of the poor net returns experienced by small SMSFs on average. However, the number of new SMSFs with very low balances (under $100,000) ...

Advisers grapple with client retention

KARREN VERGARA  |  WEDNESDAY, 18 JUL 2018
... surveyed, clients left based on three main reasons: high fees, the lack of value perceived in financial advice and advisers' poor communication skills. What's more is that the attrition rate is translating to lower profit margins year-on-year. ...

Financial services employees face ongoing stress at work

HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
... employer has created a mentally healthy workplace while 44% of those working in the industry say they have left a job due to a poor mental health environment. SuperFriend chief executive Margo Lydon said pressures on financial services staff required ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... services Royal Commission exposed more boiler room sales tactics of call centre staff selling life insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing director Russell ...

Royal Commission cracks down on life insurance phone sales

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... since ceased selling life insurance directly to consumers and refunded $1.5 million to thousands of customers as a result of poor sales practices. The Commission heard the story of Kathy Marika, an indigenous woman who was convinced into buying a funeral ...