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Showing 121 - 130 of 6809 results for "Consumer"

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Aussie banks deliver record profits in FY23

CASSANDRA BALDINI  |  TUESDAY, 14 NOV 2023
... year. PwC mentioned that this mirrors the delayed impacts of a prior year marked by exceptionally high inflation, where consumer prices surged by nearly 2% each quarter. Finally, the return on equity increased by 138 basis points (bps) over the year ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... "modest" but contains an "important package of reforms that will start to simplify the regulatory framework without reducing consumer protections and has the support of the financial services industry". With the missing reforms to the Safe Harbour Steps ...

Inflation still too sticky: Report

CHLOE WALKER  |  MONDAY, 13 NOV 2023
... 2024-2025 local economic outlook. The report, written by UBS economists George Tharenou and Nic Guesnon, noted while the consumer price index (CPI) is well above the RBA's target, underlying inflation pressure remains evident. "Headline CPI in the third ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... favourable than the most recent data available. ASIC deputy chair Sarah Court expressed concerns about the potential for consumer deception, emphasising that the omission of "necessary information" might have led to inflated perceptions of the fund's ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... efforts are made to eliminate attempts of wrongdoing," Motto said. It appears that ASIC and the Australian Competition and Consumer Commission (ACCC) would be only parties able to bring an action under certain provisions of the Corporations Act, Brynn ...

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... This includes how AFCA should determine compensation for investors affected by MIS's that failed or became insolvent. A consumer who suffers loss arising from advice to invest in a MIS can bring a claim against the responsible entity of the MIS or the ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
Three directors connected to the Sterling Income Trust are facing criminal charges over the collapsed property investment and management group's schemes. Sterling Group founder Raymond Jones and associate Simon Bell have each been charged with 11 counts ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... require more meaningful interactions between the fund and their members. More informed and timely decisions. In a safe, consumer-first environment," he said. "This is how funds will deliver income to their members for a dignified retirement." Previtera ...