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Showing 1 - 10 of 4436 results for "Poor"

SS&C axes jobs, shifts roles offshore

RIDDHIMA TALWANI  |  FRIDAY, 17 JUL 2026
... Australian finance and now, less than a year later, they are abandoning this country in favour of Asian countries known for their poor pay and conditions." Streets added the FSU will not relent until the companies are held to account for treating Australian ...

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
... floated new mandatory minimum service standards for all large APRA-regulated superannuation funds, forced to take action on poor and widespread administration and back-office practices, notably led by Cbus and AustralianSuper. Cbus paid a nearly $24 ...

FAAA urges insolvency crackdown to curb soaring CSLR costs

VINNY VUCAGO  |  THURSDAY, 9 JUL 2026
... these checks remain necessary given advisers' ongoing obligations and the potentially significant financial consequence of poor advice for consumers. The submission forms part of the Productivity Commission's consultation on reducing barriers to business ...

arcpoint OCIO scores more mandates, Larapinta Private launches

KARREN VERGARA  |  TUESDAY, 7 JUL 2026
Recently launched arcpoint OCIO has won three mandates including securing wealth manager and family office Larapinta Private, a new venture set up by a former Koda Capital partner. Founded by Troy Armstrong, Larapinta Private caters to Australia's ...

ASIC makes first move since putting private credit on notice

MATTHEW WAI  |  FRIDAY, 3 JUL 2026
... of managed investment schemes, as the market watchdog has recently ramped up its scrutiny on private credit, focused on "poor private credit practices including retail private credit funds". The heightened monitorisation highlights a fund's transparency ...

Financial services CSLR Levy hits $198m

MATTHEW WAI  |  THURSDAY, 2 JUL 2026
... should be aimed at bad actors. "Consumers should have access to financial compensation where they suffer financial loss from poor or negligent financial advice or product failure. But holding a sector accountable for the failures of firms that intentionally ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight. ASIC's report Safeguarding super: How well are platform trustees monitoring risks to retirement savings, reviewed ...

FEATURE | Member engagement | On the ball

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... one trustee tracked the life of a claim from start to finish. Among the major trustees, ASIC uncovered excessive delays and poor service, gaps in trustee data and reporting, and inconsistencies in some trustees' processes and procedures. Communication ...

Poor succession plans expose advice firms to crisis events: Report

KARREN VERGARA  |  THURSDAY, 18 JUN 2026
Most financial advice practices are ill-prepared to manage the sudden death or permanent disablement of a principal, according to new research, underscoring widespread gaps in succession and contingency planning. Business Health's newly released What ...

ASIC puts private credit on notice ahead of EOFY

RIDDHIMA TALWANI  |  THURSDAY, 18 JUN 2026
... not reflect current conditions and incorporate verified accurate information, there is a higher risk of misinformation and poor investor outcomes," ASIC said. "ASIC expects participants to challenge assumptions and refresh valuations to ensure they are ...
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