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Showing 1131 - 1140 of 3583 results for "Consumers"

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... for all other TPD claims," the report said. ASIC also warned that poor claims handling processes contributed to some consumers withdrawing their claims and insurers lacked clear key claims data to help them effectively manage the risk of consumer harm. ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... product earlier," Nagy said. "MySuper was introduced to protect the retirement outcomes of Australians by ensuring that consumers weren't losing money on unnecessary fees and products, and Colonial had a legal obligation over and above a basic moral ...

AFCA gets 1450 complaints a week

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... registered. This instrument recognises AFCA as the external dispute resolution scheme for the banking sector and means that consumers can contact AFCA with Consumer Data Right complaints. The Consumer Data Right ecosystem will launch in February 2020 ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... Royal Commission implementation roadmap and delivering on Recommendation 2.4, which is expected to benefit Australian consumers." The law will come into effect from January 2021, meaning that from that date where a conflicted remuneration is payable ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
... saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make good financial decisions, but in the real world they are much less effective than those writing them might have wanted ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... conduct. Any code monitoring body must have a solid understanding of the different streams of financial advice that consumers request. The solution must be delivered as efficiently as possible to minimise costs to consumers."

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... aim to answer questions Australians have long asked about the decisions made by banks to pass on rate cuts. "Having consumers and the community understand how pricing decisions are made, why, and with what consequences is important for a well-functioning ...

SMSFs not for everybody: ASIC

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... limited ability to make future contributions were not well suited to self-managed super funds. "This is important because consumers starting off with a low balance need to be aware that they may not be in a better financial position in the future by ...

Chief economist update: Japan tightens fiscal policy

BENJAMIN ONG  |  FRIDAY, 11 OCT 2019
... inflation eased to 0.5% from 0.6% in July. With virtually stagnant prices and potentially lower ones in the future, consumers have no reason to rush spending - especially if, as is likely, they've already bought what they could ahead of the October ...

AMP shamed by CHOICE

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... idle accounts within the AMP super products. Cameron Sinclair, a senior policy adviser at the CHOICE-affiliated Super Consumers Australia said AMP has no one to blame but itself. "The financial services giant has a business model that is rotting from ...