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Showing 101 - 110 of 2399 results for "protection"

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Commission. "The introduction of a compensation scheme of last resort is an historic moment for consumer financial protection in Australia," he said. Kirkland said the scheme was the "missing link" in Australia's financial system as consumer groups ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... applicable to other financial service providers, and improve advice outcomes. The report also seeks to overhaul consumer protection laws so that they are easy to navigate. Consumers would then be able to understand their core rights and remedies available ...

Cyber breach claims CalPERS member data

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
More than 750,000 retired members of one of the world's largest pension funds have had their personal information accessed in a cybersecurity breach. The California Public Employees' Retirement System (CalPERS) is alerting its retired members and their ...

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
Bringing an end to years of speculation and sales discussions, Westpac will retain its platforms business, saying it intends to "aggressively compete" in the space. Despite having carried out a lengthy and competitive sales process, Westpac is going ...

Macquarie shifts toward AI-first banking

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... in the contact centre with smart agent capabilities and a range of risk management processes to further enhance the protection of (our) 1.8 million Australia-based customers." Macquarie head of regulated industries Zac Maufe concluded that the developments ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... Whiteley," he said. Combet's time as ISA chair saw several successful advocacy measures implemented, including protection of the legislated increase to the superannuation guarantee and the announcement of payday super. ISA chief executive Bernie ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The wealth management industry has broadly welcomed the bulk of the Quality of Advice Review recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
The Securities and Exchange Commission (SEC) filed a suit against Coinbase for, among other things, allowing users to trade unregistered securities. It follows Binance being sued just yesterday. The SEC has accused Coinbase of breaking market rules ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... of Daily Work (ADW) definition or mental illness TPD definition. Meanwhile, some of the changes being made to income protection cover include extending the recurrent disability definition from six months to one year before the waiting period applies ...