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Showing 101 - 110 of 3280 results for "Consumers"

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... case management hearing is yet to be scheduled by the court. ASIC has previously taken administrative action to protect consumers from high-risk CFD trading, not suited to their financial circumstances, including stop orders against Saxo Capital Markets ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... August. "There remains some upside risk to further rate hikes by the RBA beyond any increase in August," he warned. "Consumers should not be betting on easing of price pressures in the near term." Chesler explained the RBA is "clinging" to hopes that ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
... transformation. To stay competitive and meet new regulations they need to give members the kind of intuitive digital experience consumers now expect everywhere else in the global economy." "The key prize we've achieved for Aware Super members is ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... impact of key eligibility criteria such as age and minimum employment on the suitability of the product for certain consumers. On July 21, ASIC lifted the stop order. ClearView's updated TMDs shows customers must be aged between 18 and 60, and employed ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... key eligibility criteria such as age and minimum employment on the suitability of the product for certain classes of consumers. It is the first interim stop order issued by ASIC on a life insurance product. The TMD did not specify any meaningful distribution ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
... and Consumer Commission (ACCC) has outlined eight principles designed to combat greenwashing by businesses and protect consumers. The ACCC has published a draft guidance to address "concerning conduct" arising from a recent greenwashing internet sweep ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... privacy or data security practices," it said "... or engaged in unfair or deceptive practices relating to risks of harm to consumers, including reputational harm, in violation of Section 5 of the FTC Act and whether the Commission action to obtain monetary ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... enough excess capacity in the Australian market, this can lead to potential inflation problems. Also, the fact that consumers still have too much excess savings, is leading to excessive consumer spending, suggesting that the Reserve Bank of Australia ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... crisis also grips the UK, the FCA, under the new Duty, has set out its expectations for financial institutions to offer consumers fair and competitive saving rates. The FCA said that it has seen "some positive action by banks and building societies to ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... million by Justice Abraham. "High pressure tactics were applied. Sales tactics were used to overbear the free will of consumers. Having made the sales, retention agents ignored the express wishes of the consumers to cancel policies and acted so as to ...