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Showing 1101 - 1110 of 3582 results for "Consumers"

Super fund PDSs to include single cost of product figure

HARRISON WORLEY  |  FRIDAY, 29 NOV 2019
... commissioner Danielle Press said the more consistent and comparable disclosure the update to RG97 delivers will help consumers and financial advisers better understand the fees and costs involved in super funds and investments products, enabling them ...

Tech-powered is empowered: SOAs

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... fintechs to create digital SOA technology, the association has conducted consumer testing on digital SOA examples. All consumers tested said they much preferred a digital SOA and the ability to engage with and learn from their advice rather than read ...

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... representatives, suggesting that compliance with the FDS and RN obligations may be an industry-wide problem." Press said consumers are at risk of receiving inaccurate fee disclosure statement or in some cases, none at all. "This is a timely reminder ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... send "a significant message" to the financial services industry. "The model operated by CommInsure carried risks for consumers due to the unsolicited sale of complex insurance products which consumers may not have needed, wanted or understood," Crennan ...

Industry's Best of the Best celebrated

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... categories. "I like the distinction that allowed for winners in categories that were either the cheapest or the best, allowing consumers to make their own decision as to how to prioritise each," Brentnall said. "Driving down fees of products is one lever ...

FPA consults on future of advice, policy initiatives

JAMIE WILLIAMSON  |  WEDNESDAY, 27 NOV 2019
... from members will underpin our policy and advocacy work so that we can promote new reforms that will benefit Australian consumers and financial planners alike," FPA chief executive Dante De Gori said. FPA members will be asked to contribute their views ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... January 1998 to December 2000, averaging 106.0." "Personal spending will be energized by record favorable evaluations by consumers of their personal financial situation, with gains expected across the entire income distribution, net increases in household ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... restrictive definitions as the possible cause of that high withdrawn claim rate. "Insurers had really poor data about the consumers claim experience and the product value, this makes it hard for them to identify problems," she explained. ASIC senior ...

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... choice sector, where underperformance was more prevalent than in MySuper products. "This is the first step to ensuring consumers have the information they need to be able to look at different funds and products, and have confidence they are comparing ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
... institutions were moving away from financial advice. With more and more fringe organisations taking on planners, Gupta said consumers were at risk. "I think where permanent, irrevocable community harm occurs is with this permanent loss of capital that ...