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Showing 1121 - 1130 of 7473 results for "Consumer"

FSC announces dual board appointment

CHLOE WALKER  |  MONDAY, 1 AUG 2022
The Financial Services Council (FSC) has appointed seasoned executives Renato Mota and Alison Telfer to its board. Collectively, the pair boast more than 40 years of experience in financial services. As chief executive of Insignia Financial, the FSC ...

FSC analyses super, advice developments

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... requirements. According to the FSC, areas of alignment included the review of the advice process through the lens of the consumer, removal of the safe harbour steps with greater clarity around how the Best Interest Duty is met and a review of key terms ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... inflation." Biden went on to tout the nation's 3.6% unemployment rate, second quarter job creation and strong levels of consumer spending. Later at a press conference, he cited the data and said: "That doesn't sound like a recession to me." A ...

UK regulator confirms Consumer Duty

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
The Financial Conduct Authority has outlined how a new Consumer Duty will improve customer service across the UK's financial services sector, including ending "rip-off" fees and putting consumers' needs first. The Duty comprises an overarching principle ...

ASIC issues first DDO stop orders

JAMIE WILLIAMSON  |  THURSDAY, 28 JUL 2022
... is considered a high-risk offer. ASIC also made orders for non-compliance with DDO. "Under the law, firms must embed a consumer-centric approach. They need to design financial products that meet the needs of consumers in their intended target market ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... significantly reducing the size of its balance sheet, Powell noted that indicators of spending have softened, growth in consumer spending has slowed and activity in the housing sector has weakened. However, despite these developments Powell said that ...

Treasurer responds to dour inflation, growth

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
Treasurer Jim Chalmers has addressed Australia's confronting inflation numbers and the International Monetary Fund's (IMF) substantial global growth downgrades at a Canberra press conference. Unsurprised to see inflation north of 6%, Chalmers ...

CPI rises, IMF lowers global outlook

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... Australia's annual CPI inflation grew to 6.1% in the June quarter, slightly below the consensus forecast of 6.3%. Consumer prices rose 1.8% this quarter, again less than the 1.9% forecast. "Annual CPI inflation increased 6.1% in the June quarter ...

Prime Super, YES Group acquire Savant

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
Prime Super and Yates Electrical Services (YES) Group have bought 100% of Savant Energy Power Networks. The deal will see the delivery of renewable energy solutions to developers and occupiers of apartments, retirement villages, shopping centres and ...

Net zero commitments in ASX200 companies doubles

CASSANDRA BALDINI  |  MONDAY, 25 JUL 2022
... is up from 18 last year. In the materials, energy and utilities, industrials, healthcare, real estate, financials and consumer discretionary sectors, 38 companies integrated sector relevant climate change metrics into their executive remuneration. The ...