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Showing 1151 - 1160 of 7473 results for "Consumer"

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... generational opportunity to reset regulations relating to financial advice and implement positive change, which puts the consumer at the centre and helps make advice accessible to more Australians. "In developing AMP's submission, we've worked with our ...

Performance test comms criticised

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
ASIC is warning super trustees to ensure they communicate upcoming performance test outcomes correctly to members, saying some of the funds that failed the test last year also failed to adequately inform members. The regulator has reviewed the performance ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
... advisers. "I am pleased with the progress of the review, and the significant contribution that the financial advice industry, consumer bodies and regulators have made to the review's progress to date," Jones said. "The government is committed to ensuring ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... relationship with the FSC. The FSC said it looks forward to working with the group. CALI's initial focus will be on lifting consumer standards within the industry through professional standards and codes of conduct; advocating for appropriate, affordable ...

Active Super kickstarts reward program

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
Active Super has launched a Super Booster reward program to accelerate the growth of members' super balances. The Super Booster reward program is a 'set and forget' tool for members to top-up their super balances with eligible retail purchases. ...

Advice requirements confusing, complex: JAWG

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... affordable, accessible advice to more consumers. In a statement, the collective of professional associations called for a more consumer focused regulatory approach, reduced costs and a greater appreciation for professional judgement. "This could be addressed ...

BTC Markets gains ASFL

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Melbourne-based BTC Markets has become Australia's first crypto exchange to successfully go through the full AFSL application process, via sister company BTCM Payments. BTC Markets said the AFSL will enable it to further bridge the crypto and traditional ...

Westpac outlines new social initiatives

CHLOE WALKER  |  MONDAY, 20 JUN 2022
... 20% of the value of a property purchase price can take prospective buyers years to achieve," Westpac chief executive consumer and business banking Chris de Bruin said. On the bank's LMI Waiver expansion, de Bruin said that the initiative will enable ...

Stagflation: What should we expect?

CHLOE WALKER  |  THURSDAY, 16 JUN 2022
... eating away at that household balance sheet and all those accumulated savings." According to Joiner, collapsing global consumer confidence should also be taken seriously. "We are seeing this in all major economies... Consumers don't like inflation ...