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Showing 1171 - 1180 of 3583 results for "Consumers"

Life insurance leaders fear for industry

ELIZABETH MCARTHUR  |  FRIDAY, 30 AUG 2019
... chief executive David Hackett and AIA chief executive Damien Mu discussed the future affordability of life insurance for consumers in the context of the current regulatory environment. Brooks argued that the affordability of financial advice is also ...

Risk commissions must be retained: MetLife

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2019
... Financial Advisers' National Conference in Adelaide. MetLife head of retail sales Matt Lippiatt revealed three in five consumers and small business owners with life insurance purchased through a financial adviser believe removing life risk commissions ...

Business savvy needed ahead of FASEA deadline

ELIZABETH MCARTHUR  |  THURSDAY, 29 AUG 2019
... Commission's view on adviser's commissions. "Commissions are all about affordability. Commissions were developed because consumers couldn't afford it or didn't want to pay. It's got nothing to do with conflicted remuneration," Tynan said. "Financial ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... include scoping and commencing the work - which will involve a large number of advice file reviews, ASIC said. Protecting consumers from the dangers of general advice is another priority. This will be done via consumer tests to find more appropriate ...

Treasurer moves on broker remuneration

ELIZABETH MCARTHUR  |  TUESDAY, 27 AUG 2019
... Frydenberg said in a statement. "The implementation of the best interests duty will bring the law in line with what consumers expect of mortgage brokers." The Government's reform of mortgage broker remuneration will require the value of upfront commissions ...

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
New research from ASIC reveals what consumers really think when it comes to financial advice. The independent research, commissioned by the regulator, found that while consumers can see the value in seeking financial advice, lack of trust in the industry ...

Chief economist update: Jerome is in the Hole

BENJAMIN ONG  |  FRIDAY, 23 AUG 2019
... target range at this meeting, judging that the real economy continued to be in a good place, bolstered by confident consumers, a strong job market, and a low rate of unemployment. These participants acknowledged that there were lingering risks and uncertainties ...

Short-seller targets infant formula importer

ELIZABETH MCARTHUR  |  FRIDAY, 16 AUG 2019
... international fund and a company likely to grow. In a new report, Blue Orca alleges Ausnutria is misleading Chinese consumers into buying its flagship goat milk formula. The short-seller says Ausnutria markets the formula, which makes up 38% of the company's ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... world isn't the cost of borrowing but the general uncertainty that's preventing businesses from investing and consumers from consuming, among others. Then again, even if it were, central banks are running low on bullets. There's Trump's ...

Court dismisses Westpac lending practice case

KARREN VERGARA  |  THURSDAY, 15 AUG 2019
... make unsuitable loans as a result of that process. Under the Act, lenders must assess whether loans are unsuitable for consumers. Westpac did take account of consumers' declared living expenses because another rule in Westpac's system compared declared ...