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Showing 101 - 110 of 137 results for "Consumer Protections"

Default super system splits industry

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... Productivity Commission to expand the compulsory super default safety net to cover all employees and design consumer protections to prevent workers being cross-sold under-performing super funds by banks.

Government pushes "regulatory sandbox" for fintech startups

ALEX BURKE  |  WEDNESDAY, 4 MAY 2016
... services that can be provided in a testing capacity," "the ability for sophisticated investors to participate," consumer protections "such as membership of an external dispute resolution scheme," compensation arrangements and modified conduct and disclosure ...

SEC seeks comment on Accredited Investors

ALEX DUNNIN  |  THURSDAY, 14 APR 2016
... is someone who is defined as having sufficient capital to justify that they don't need additional retail consumer protections and so financial services groups may make available to them, in a reduced compliance setting, investment products and opportunities ...

Regulators defended in calls for Royal Commission

DARREN SNYDER  |  MONDAY, 11 APR 2016
... sectors over a recent period of time. Some of these have led to legislation, increased regulation and better consumer protections and outcomes," Loane said. "Where poor practices have been identified the financial services industry has led reviews to ...

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
... regulators. "The Code will commit life insurers to strong standards of customer service, and will enhance consumer protections in the key areas of underwriting and claims." "The development of industry self-regulation is common across financial services ...

FoFA end marks start of new advice era

LAURA MILLAN  |  MONDAY, 30 NOV 2015
... The Greens, however, considered that "this rushed legislation was a missed opportunity to further improve consumer protections like banning the rorting of commissions on life insurance products." O'Dwyer made clear that this unexpected move by the Government ...

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
... retail super fund members the Financial Services Council (FSC) welcomed the reforms:A "They are sensible consumer protections which exist throughout corporate Australia, and which are supported by a broad range of consumer groups," chief executive Sally ...

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
... independent directors and an independent chair. "We urge the parliament to pass these reforms to strengthen consumer protections in the superannuation industry and which aim to prevent any conflicts of interests," Loane said. An FSC statement said independent ...

Advice not just compliance: Centrepoint

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... obsessed with "[their] own processes rather than the needs of clients." "We need to embrace the FOFA changes to consumer protections, remuneration, conflicts of interest and justification for product recommendations. However, effective compliance will ...

Banking and super groups back parliamentary recommendations

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
... Association chief executive, Steve Munchenberg, said the industry is committed to higher standards and stronger consumer protections. "The government's proposed reforms build on the significant changes that have resulted from the Future of Financial ...