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Showing 991 - 1000 of 3582 results for "Consumers"

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo ...

2020 MAX Awards finalists named

STAFF WRITER  |  WEDNESDAY, 13 MAY 2020
... role these sectors play in educating the public and creating change, contributing to the betterment of the industry and consumers. This year sees 105 finalists vie for 21 awards, to be presented by television personality Jean Kittson during a virtual ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... economies. "They could turn out to be a masterclass in the law of unintended consequences as they could be viewed by consumers and investors that the underlying economies are in a perilous position and, as a result, prompt a drop in consumer and investor ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... the draft legislation on the Royal Commission recommendations, we do have real concerns for both the profession and consumers who we are seeking to serve." Association of Financial Advisers chief executive Phil Kewin said the measure was a welcome first ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... retirement. Meanwhile, ASIC MoneySmart said $20,000 for a 30-year-old might amount to $43,000 by retirement and Super Consumers Australia put the figure at just under $50,000. Chair of the economics committee Tim Wilson called ISA's calculations "dubious" ...

Insurer invokes financial hardship policy

ELIZA BAVIN  |  MONDAY, 11 MAY 2020
... consumer is not able to pay premiums due to financial hardship stemming from COVID-19 the industry is expected to help consumers keep key coverage. Mamelok said that while Integrity Life's measures pre-date the call from ASIC, it's very supportive of ...

ASIC delivers thinly veiled warning

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
ASIC has warned consumers about advertising that compares fixed-term investment products to bank term deposits, the issue it is pursuing Mayfair 101 over. ASIC said a surge in marketing of fixed-term investment products in recent months had prompted ...

COVID-19 creates case for robo-advice

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... advice gap was realised overseas years ago and as a result robo is managing hundreds of billions of dollars of assets for consumers overseas," Garrett said. As for the hobby day traders, Garrett feels for them. "The value of investment has a lot to do ...

Mortgage Choice Financial Planning rebrands

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... review of the company's brand proposition. "We decided that it was important for there to be a clear distinction to consumers between the offering of our financial advice and mortgage broking divisions," Mitchell said. "The rebrand demonstrates our continued ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... debenture products after action by ASIC. The regulator took issue with Mayfair's use of Google AdWords which meant when consumers searched for term deposits, bank term deposit, term deposit alternative or term investment Mayfair debenture products ...