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Showing 1061 - 1070 of 3582 results for "Consumers"

Calls for review of advice regulation

HARRISON WORLEY  |  THURSDAY, 6 FEB 2020
... government for a state funded review into the regulatory frameworks overseeing financial advice, which it believes alienate consumers and small business from the sector. In its pre-budget submission the peak body for certified practicing accountants ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... determination to implement Hayne's recommendations irrespective of whether they make sense or actually provide benefit to consumers. Take the draft legislation released last week on ongoing fee arrangements which would require annual renewals and written ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... AustralianSuper had 241,000 accounts with a balance of less than $1000. Half of all its accounts have less than $25,000. Super Consumers Australia director Xavier O'Halloran labelled the justification for the fee underwhelming. "We understand they ...

The PDS is weak: Rice Warner

ELIZABETH MCARTHUR  |  MONDAY, 3 FEB 2020
... insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers. Last year's report from ASIC on the matter said: "The over-reliance on disclosure in some ways proved an enabler of poor ...

Technology to transform coming decades

ALLY SELBY  |  THURSDAY, 23 JAN 2020
... globalization to "the next level", opening up new markets to businesses and increasing global trade, while also providing consumers with more competitive products. KPMG said the digitalisation of these payments will require countries to implement digital ...

American private debt fund eyes Australia

KANIKA SOOD  |  THURSDAY, 23 JAN 2020
... Park Capital, headquartered in Chicago, is best known in the US for lending to financial services companies, focused on consumers, small businesses, point of sales finance, insurance, payments, legal finance. It was an early lender to homegrown zipMoney. ...

Your Super, Your Choice debate heats up

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... are at risk of having materially lower retirement incomes. "Choice must only be provided in a way that does not leave consumers worse off and must operate in an environment of meaningful disclosure and consumer protections," AIST said in its submission. ...

Class action accuses CFS of dodgy insurance fees

ELIZABETH MCARTHUR  |  THURSDAY, 23 JAN 2020
... Wholesale Personal Super and Pension, FirstChoice Employer Super and Commonwealth Essential Super. To join the class action, consumers must have held life of total and permanent disability insurance with CommonInsure through these funds between 2014 ...

Chief economist update: Australians all let's not rejoice

BENJAMIN ONG  |  THURSDAY, 23 JAN 2020
"I'm walking on sunshine (Wow!) I'm walking on sunshine (Wow!) I'm walking on sunshine (Wow!) And don't it feel good." Sadly, Australians are not singing and dancing to this upbeat classic by Katrina and the Waves. The Westpac/Melbourne ...

AMP remediation processes questionable

JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
... comes just weeks out from AMP's full-year results, due February 13. In a statement to Financial Standard, Super Consumers Australia director Xavier O'Halloran said AMP would have been much better off notifying people of the refunds and giving ...