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Showing 1 - 10 of 100+ results for "Poor"

Australian billionaires double fortunes during pandemic: Oxfam

CHLOE WALKER  |  MONDAY, 17 JAN 2022
... "It's time for the Australian government to take this issue seriously and take action to close the gap between the rich and poor," Morgain said.

Data shows WallStreetBets created losses

ELIZABETH MCARTHUR  |  THURSDAY, 13 JAN 2022
... returns. The data was compiled by European trading platform Capital.com, and suggests relying on advice in the WSB forum was a poor investment strategy for most of 2021. The research, conducted between January 21 and 17 December 2021, found that the ...

Zurich makes key health appointments

ELIZABETH MCARTHUR  |  THURSDAY, 13 JAN 2022
... deliver on our ambitions to provide flexible solutions and services that support their entire health journey through good and poor health, from taking out a policy, to underwriting and claims, and their path back to wellness."

Advice firm targets teen financial literacy

KARREN VERGARA  |  FRIDAY, 7 JAN 2022
A financial advice firm is tackling high school graduates' poor financial literacy head on in a bid to equip them with essential wealth skills for the future. Purpose Advisory director and adviser Tristan Scifo has launched More than Before, an online ...

EISS Super finds merger partner in Cbus

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... members' best interests. The fund was due to merge with TWUSUPER but after the news broke of its questionable expenditures and poor culture within the fund following its failure of the performance test, the plans were dropped. EISS Super chair Peter ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... heat map publications." Super Consumers Australia's director Xavier O'Halloran welcomed the spotlight APRA is shining on poor performance in the super sector. "We know that highlighting underperformance drives improvement," O'Halloran said. "Blaming ...

MySuper heatmap offers few surprises

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... Incitec Pivot, LGIAsuper and Suncorp Lifestage Funds also only marginally passed. APRA's heatmap modelling shows being in a poor performing fund can mean a 2% return differential every year compared to a well performing fund with the same risk profile. ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... improvement in member outcomes. "In particular, a sizeable proportion of the choice sector has been exposed for delivering poor outcomes, especially considering these products generally charge higher fees than their MySuper equivalents." Cole said APRA ...

Industry super funds launch fresh campaign

JAMIE WILLIAMSON  |  FRIDAY, 10 DEC 2021
... single super fund unless they choose otherwise. For those disengaged with super it could mean they are unknowingly lumped in a poor performing fund, which could cost them six figures from their final retirement savings." It also follows the Your Future ...

The dark side of super switching: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... options. For comparison, during the Global Financial Crisis of 2008, just 6% switched options. These switches were often poor choices in terms of financial wellbeing and the growth of members' retirement savings. The research identified a 50% increase ...
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