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Showing 1111 - 1120 of 3582 results for "Consumers"

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... for remediation provisioning is now "well above" $10 billion, but only $660 million has been returned to 1.2 million consumers. Speaking at the FINSIA: The Regulators 2019 conference, ASIC deputy chair Karen Chester said "doing the right thing", particularly ...

The AUD is key

BENJAMIN ONG  |  MONDAY, 18 NOV 2019
... import-competing industries would also get a bump up as products sourced overseas become more expensive in AUD-terms, encouraging consumers to buy local produce. Wait some more, there's one more. The cheap Australian dollar also makes Australian ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... QE?) Then again, recent history shows that the more the RBA cuts interest rates the more pessimistic businesses and consumers become that risk turning these ominous expectations into a self-fulfilling prophecy. Moreover, it risks blowing a bubble into ...

Pensioners lose decades of savings in 24 hours

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... One of the main warning signs of a scam is someone offering pension advice out of the blue, the FCA said. About 63% of consumers said they were confident to make decisions about their pensions, while 63% also said they would trust someone offering pension ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
... financial services industry continues to take a beating in the court of public opinion, with new research showing Australian consumers see the banking and finance industry as the most unethical sector in the country. Released today by the Governance ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... Westpac chief executive Brian Hartzer told members of parliament that he believes providing financial advice to Australian consumers is important and that all Australians should have access to good, cost-effective, unconflicted financial advice. Speaking ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... through mobiSuper is provided by TAL. According to ASIC, Mobi offered an obligation-free 'lost super' search to consumers via online advertising campaigns with the primary objective of getting them to join the fund and roll their other super ...

Chief economist update: Weak household consumption now a sure thing

BENJAMIN ONG  |  TUESDAY, 5 NOV 2019
... prospect of continued lacklustre growth in wages (along with concerns over the jobs and economic outlooks) are keeping consumers from spending. This is underscored by the latest retail sales report that showed spending grew by 0.2% in the month of September ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... returns, they're generating undesired outcomes by raising the level of pessimism among Australian businesses and consumers as evidenced by the latest NAB Business survey and the Westpac-Melbourne Institute consumer sentiment index. And of course ...