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Showing 31 - 40 of 3280 results for "Consumers"

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... confidence in," she said. "Coming as it does on top flies in the face of making advice more accessible and affordable for consumers, which is the stated aim of our government." The CSLR board in January provisioned for $241 million to fund the Australian ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... weaknesses are. ASIC said that it collects and ultimately publishes IDR reports to "give greater public visibility of where consumers may be having difficulties". "It provides ASIC with an important data set to assist with regulatory decision making ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received their share ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... of their members. "As one of Australia's oldest life insurers, we're determined to work with government, trustees and consumers to develop a more equitable and sustainable framework for supporting members with a disability, especially those with mental ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers." Longo has stated that ASIC has already conducted an examination of the methods used by major banks to detect, prevent ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... Lifecycle option, or more confident investors can elect specific investment options. While already available direct to consumers, the retirement options will be available to financial advisers once Vanguard Super's adviser portal - currently in pilot ...

Jo-Anne Bloch to chair CSLR

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... have access to redress and compensation," it said. The CSLR will provide compensation of up to $150,000 to eligible consumers who have an unpaid determination from the Australian Financial Complaints Authority (AFCA) relating to the provision of personal ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... processes across superannuation trustees, financial advisers and advice licensees has found very little evidence that consumers are aware of how poorly Choice products they're in are performing, and that such underperformance is not being addressed. ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... said. The Finance Sector Union (FSU) said it opposes the takeover. "The continual erosion of competition is bad for consumers and bad for jobs," FSU national president Wendy Streets said. "The big four already have a stranglehold on banking in Australia ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
Australians want total control over how they spend their retirement savings but are willing to seek professional advice to do so, a new Financial Services Council (FSC) survey finds. The poll of 2500 superannuation members conducted by C|T Group found ...