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Showing 821 - 830 of 4429 results for "Poor"

BTFG boss backs PC super proposals

KANIKA SOOD  |  THURSDAY, 7 JUN 2018
... been pushed into under-performing funds. Ten million duplicate funds were found, which could erode retirement savings. Also, poor governance practices on trustee boards prevented fund merger that could have made the system more efficient. The report ...

Australia should consider Islamic finance to bridge infrastructure gap

ALEX BURKE  |  MONDAY, 4 JUN 2018
... support other countries' infrastructure amounts to "intergenerational theft." "While this asset-rich, infrastructure-poor reality is becoming increasingly well-known, solutions seem too hard for the nation's leaders to apply," he explained. "This ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... respect of 80 customers. AUSTRAC chief executive Nicole Rose said: "As we have seen in this case, criminals will exploit poor business practices to launder the proceeds of their crimes." "This has real impacts on the everyday lives of Australians and ...

Liquidnet and OTAS ramp up AI play

DARREN SNYDER  |  THURSDAY, 31 MAY 2018
... analytical data to humans because with charts there's ambiguities, there's interpretations - the human eye is very poor at inferring a lot of things about the visual content of even a simple price chart," Doris said. Both Shamis and Doris agree ...

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
... default funds tied to employers and workplace relations via enterprise agreements and modern awards is also contributing to poor outcomes. "They note that this has worked in favour of the funds, not consumers. The PC's overarching recommendation, to ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... harm young and lower income Australians the most," Chester said. Over an average member's working life, being stuck in a poor performing default fund can leave them with about 40% less to spend in retirement, the report notes. "Fixing these twin ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... required improve the data. "ASIC found that the comparability and reliability of data in the life insurance industry was poor. Working together, ASIC and APRA have made significant progress with industry to improve the data," he said. "Our data reporting ...

Poor SoAs hindering advice process

JAMIE WILLIAMSON  |  MONDAY, 21 MAY 2018
There is growing concern that a lack of clear and consistent templates for Statement of Advice documents is potentially causing financial advice clients to sign off on advice they don't actually understand. Paraplanning services provider YTML has seen ...

Alphinity rolls out sustainable Aussie equities fund

ALEX BURKE  |  FRIDAY, 18 MAY 2018
... involved in activities we consider harmful to society and are inconsistent with the achievement of the goals, and/or display poor practices in their management of ESG issues." Fellow SSF portfolio manager Stephane Andre added: "The Alphinity Sustainable ...

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
... up substantially eroding their clients' superannuation balances. The businesses advertised "fast cash" to consumers with poor credit histories seeking loans, recommended clients switch their superannuation and take out 'high end' insurance, and drew. ...