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Showing 1191 - 1200 of 7473 results for "Consumer"

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... weren't appropriately disclosed. For this, Westpac was fined $6 million. The other cases related to the on-selling of consumer credit card and flexi-loan debt with incorrect interest rates; charging of fees to deregistered company accounts that still ...

Principal Financial Group announces ESG index

CHLOE WALKER  |  FRIDAY, 22 APR 2022
... people have access to effective systems and affordable resources, solutions, and advice. The index will use employer and consumer surveying alongside verified public data to create a financial inclusion scoring system. "As such, the index will serve ...

Westpac giving away BT super business

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
... updated the market that the bank intends to retain its share broking and margin lending businesses given the demand from consumer and private wealth clients. The share broking business will now fall under, and be reported in, the bank's consumer division ...

'No easy answer' to ESG disclosures by super fund trustees

ANDREW MCKEAN  |  THURSDAY, 21 APR 2022
... disclosure requirement in the Corporations Act technically required RSE licensees to disclose anything that is material to a consumer's decision to acquire an interest in a fund. Though the report also said: "Some members will be more interested than ...

CBA dismisses rumours of crypto tie-up

CHLOE WALKER  |  WEDNESDAY, 20 APR 2022
Commonwealth Bank of Australia is denouncing claims of a partnership with a cryptocurrency trading platform that came from an alleged false news article. The article, which claimed to be a report from the Australian Broadcasting Corporation (ABC) news ...

APRA, ASIC publish life claims and disputes data

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
... lower percentage of the premium income. Though APRA urged caution about the use of the claims paid ratio as a measure of consumer value or product profitability. The report continued: "For insurers, claims payments are only one part of the costs associated ...

J.P. Morgan's net income falls 42%

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... revenue which came in above forecasts and remained optimistic on the economy, at least for the short term. Dimon said: "Consumer and business balance sheets as well as consumer spending remain at healthy levels." However, Dimon did warn of "significant ...

Easter Bunny feels the inflationary pinch

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... many commodities, resulting in higher prices." Just like the chocolate index, inflation has run rampant in almost all consumer price index groups in Australia. From the December quarter 2020 to December quarter 2021, all groups CPI rose 3.5%. Transport ...

End choice dashboard delay: AIST

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
... disclosure requirements for 13 years is contrary to the intention of the Australian Parliament and denies an important consumer protection from the millions of Australians holding choice superannuation products." The submission continues that the existing ...

Tattarang invests in plastic-free fabric

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 APR 2022
The Forrest family's investment firm Tattarang has pumped $26.8 million into next generation fabric technology. The investment was made as part of a Series B capital raise by US-based material innovator Natural Fiber Welding (NFW). NFW creates low carbon ...