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Showing 91 - 100 of 137 results for "Consumer Protections"

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... of Practice demonstrates the life insurance industry's commitment to improving standards and strengthening consumer protections. This document is a clear declaration of the level of service consumers can expect from life insurers in language they can ...

Default funds must appear on online super choice forms: AIST

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
... place without having all the details on hand." However, Scheerlinck has expressed concerns that important consumer protections could be overlooked as part of the process, noting with disappointment that ATO had been unable to find a way to pre-populate ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... accessing advice about the reforms amid the increased demand for financial advice, while still maintaining consumer protections.

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... also support greater competition in financial services. The review will consider appropriate privacy and consumer protections," Budget documents read. "The Government will introduce an open banking regime that will increase access to banking product ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... all 32 recommendations and is calling on the government to prioritise implementation to ensure appropriate consumer protections are in place. "Non-payment not only affects workers but also impacts on the competitive landscape of those businesses who ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... services sector, citing a flood of angry consumer complaints. In a submission to the Senate Inquiry into Consumer Protections in the Banking, Insurance and Financial Sector, consumer protection group CHOICE published verbatim 771 consumer complaints ...

FPA pushes tax deductible incentives

KARREN VERGARA  |  TUESDAY, 28 MAR 2017
... need of assistance in managing their finances will reduce the cost of advice for consumers while maintaining consumer protections and advice quality," Marshan said. The FPA is encouraging the Government to engage the Productivity Commission in examining ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... welcomed step forward, but there is more to be done to resolve the issues surrounding the culture, practices and consumer protections in the financial services sector. Collins warned the public to keep a close watch on who the government appoints to ...

Is default super dated?

DARREN SNYDER  |  TUESDAY, 8 NOV 2016
... said. Among several points the FSC is advocating for a default model that has market-based competition with consumer protections; it rejects implementing any form of auction model; and says the industrial system results in sub-optimal outcomes for consumers. ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
... to be binding, enforceable and contain mechanisms for independent administration and monitoring to enhance consumer protections. The Code is expected to be finalised prior to the end of 2017, with improvements to industry practice to be progressively ...