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Showing 871 - 880 of 4429 results for "Poor"

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
... month. The regulator found that MyPlanner had failed to adequately supervise its representatives, leading to the provision of poor financial advice. Surveillance revealed some MyPlanner advisers did not make adequate inquiries into clients' circumstances ...

Retail MySuper outpacing NFP products

KARREN VERGARA  |  FRIDAY, 8 DEC 2017
Retail MySuper products grew four times faster than not-for-profit (NFP) products in the year to September, Rainmaker's latest MySuper report shows. The pool of retail MySuper assets grew 24% year-on-year to $610 billion, while NFP assets increased ...

MyPlanner enters ASIC radar

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
... Privately-owned dealer group MyPlanner has negotiated additional conditions on its AFSL after it was found to be providing poor financial advice and failing to adequately supervise its representatives. ASIC surveillance found there were MyPlanner advisers ...

Manage wealth with authority: Academic

EMMA RAPAPORT  |  THURSDAY, 30 NOV 2017
... services industry to place responsibility for answering complicated financial questions on consumers, which ultimately leads to poor retirement outcomes. Ariely pointed to two common questions: how much of your final salary do you think you'll need in ...

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... banking sector isn't via piecemeal reform, committees or self-regulation, but a Royal Commission that "goes to the heart of poor culture." Citi analysts expressed a "no buy ratings across the major banks." The banks have clearly been a focus of the government ...

APRA delivers poor super fund ultimatum

DARREN SNYDER  |  WEDNESDAY, 29 NOV 2017
It is crunch time for poor performing superannuation funds which will soon be asked to "gracefully exit the industry" if they cannot meet revisions to regulatory frameworks. Australian Prudential Regulation Authority (APRA) deputy chair Helen Rowell ...

Lapse rates review anxiety unfounded: ASIC

KARREN VERGARA  |  MONDAY, 27 NOV 2017
... ASIC said from the get-go it would look at 10 advisers to help it understand which ones would be at higher risk of providing poor advice, Bird said. She said an adviser was recently banned for charging clients with combined incomes of $200,000 per annum ...

CBA avoids board spill

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
CBA avoided a board spill after the majority of shareholders voted in favour of the remuneration report that was overhauled hot on the heels of AUSTRAC alleging the bank breached anti-money laundering laws. About 92% of shareholders approved the remuneration ...

Morningstar secures $337bn portfolio disclosure commitment

DARREN SNYDER  |  WEDNESDAY, 15 NOV 2017
... from the Australian Centre for Financial Studies (ACFS) which said transparency in Australia's funds management industry is poor. The report suggests one way the Australian funds management and superannuation sectors could be brought in line is to move ...

Government launches emerging market impact investment fund

EMMA RAPAPORT  |  WEDNESDAY, 15 NOV 2017
... billion emerging markets impact investment fund will support SME's that generate positive social and development outcomes for poor communities in the Asia-Pacific to promote economic growth and reduce poverty. "From cafe owners in Bangladesh to sustainable ...