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Showing 951 - 960 of 4429 results for "Poor"

Life insurance ranks lowest in customer satisfaction

ALEX BURKE  |  THURSDAY, 23 FEB 2017
... at 64.2%. "Risk and life insurance continues to suffer from negative publicity including recent concerns by ASIC regarding poor practices in the industry and the need for increased scrutiny," Roy Morgan industry communications director Norman Morris ...

Industry super attacks SMSFs

JAMIE WILLIAMSON  |  WEDNESDAY, 22 FEB 2017
... which ISA says shows that a four person SMSF with less than $2 million in assets is not a viable retirement vehicle due to poor performance. Analysing the data, ISA economists found that the average net return for an SMSF in 2015 was 6.2%, compared to ...

Distrust is super's biggest challenge

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2017
... member, not the institution itself," APRA deputy chairman Helen Rowell said. "We see a lot of self-interest, conflict and poor decision making in all parts of the industry, so our focus is on identifying those areas of underperformance, where are the ...

House passes professional standards bill

EMMA RAPAPORT  |  WEDNESDAY, 8 FEB 2017
... O'Dwyer said during a reading of the Bill. "Reduced trust acts as a barrier to consumers seeking financial advice, which is a poor outcome for both consumers and the industry." O'Dwyer recognised the majority of financial advisers have provided high-quality ...

CBA to pay $23 million for poor advice

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
... review program, Leif Gamertsfelder, said the bank apologised to those customers who were deemed by Promontory to have received poor advice which resulted in the loss of money and offered compensation, inclusive of interest. "The update from Promontory ...

Asset manager profits under pressure

ALEX BURKE  |  MONDAY, 6 FEB 2017
... concerns that asset managers will come under increased public scrutiny, especially if the sector as a whole suffers from poor market returns. The pressures can be illustrated in Australia via superannuation funds' ongoing in-sourcing of investment management ...

Banks flag adviser transparency in customer program

ALEX BURKE  |  MONDAY, 30 JAN 2017
... complaints; improved protection for whistleblowers; a commitment to transparency regarding financial advisers with histories of poor conduct; and an independent review of the Code of Banking Practice. ABA chair and National Australia Bank chief executive ...

Australia must curtail its debt binge in 2017

ALEX BURKE  |  FRIDAY, 27 JAN 2017
... nonetheless endangered by highly levered private sector balance sheets. "A real estate-funded debt binge combined with a very poor productivity record has created problems for both economies," he said. "Should the focus shift to debt sustainability and ...

Second Sydney airport lacking investment return

EMMA RAPAPORT  |  THURSDAY, 19 JAN 2017
... investment in the early years, leaving questions over which infrastructure investors will commit to the project. A Standard & Poor's assessment cited the $5 billion dollar price tag, and the lack of financial support from the Australian government, as ...

Product conflicts in retail banking: ABA report

ALEX BURKE  |  THURSDAY, 19 JAN 2017
... own words "tentatively identified" practices in some retail banking businesses where product sales incentives have led to "poor consumer outcomes." These have included "practices that deliver significantly increased incentive payments as certain thresholds ...