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Showing 1041 - 1050 of 7473 results for "Consumer"

IFM Investors, UniSuper buy PRP stake

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
... businesses in market-leading positions across the Australian and New Zealand technology, business services, healthcare, waste, consumer staples and logistics sectors. "We are thrilled to make this long-term investment in PRP, a high-quality, well-run ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
A second Council of Financial Regulators (CFR) report, Leverage and Risk in the Superannuation System, says there continues to be evidence of individuals receiving advice regarding the use of limited recourse borrowing arrangements (LRBAs) that could ...

Advisers, non-relevant providers will not compete: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 16 NOV 2022
Financial advisers won't be competing with non-relevant providers to provide advice as they're occupying different worlds and serving different needs, Quality of Advice Review chair Michelle Levy says. Speaking to Financial Standard for an upcoming ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

Vanguard Super reignites fee war with launch

JAMIE WILLIAMSON  |  FRIDAY, 11 NOV 2022
Three years after it first announced plans for a superannuation offering, Vanguard is now home to one of the cheapest MySuper products - a lifecycle solution that auto-adjusts 36 times. It was back in November 2019 that Vanguard's Robin Bowerman ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
The corporate regulator has placed interim stop orders on offers from Finnia Income (Finnia) in response to its flimsy target market determinations (TMDs). Finnia, an unlisted company, pursued a $20 million raise under a prospectus through the issue ...

Australians worry about retirement - and maybe they should

ANDREW MCKEAN  |  TUESDAY, 8 NOV 2022
... reported by Financial Standard, ASFA's Retirement Standard was labelled too high by Super Consumers Australia. The consumer body said a pre-retiree couple only needs to save $402,000 by age 65 to achieve a joint annual income of $64,000. Finder superannuation ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
The Council of Australian Life Insurers (CALI) has been backed by the industry with 19 life insurers and reinsurers joining its membership. CALI's membership now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia. ...

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
ASIC chair Joe Longo said the market regulator is currently investigating several listed companies, super funds, and managed funds for potential greenwashing. "Only last week we issued our first greenwashing penalty, and we're currently investigating ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... benefit," Levy wrote. "Again, I acknowledge that disclosure and consent are not always (and perhaps not even often) effective consumer protection tools; nevertheless, a client should be put in a position to understand and consent (should they choose) ...