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Showing 1211 - 1220 of 3583 results for "Consumers"

AFCA seeks to strengthen leadership

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... said AFCA has experienced an unprecedented level of complaints in its first six months of operations - with over 35,000 consumers and small businesses raising issues with the authority. "We also take very seriously our role of working with the financial ...

FCA stokes intergenerational wealth debate

HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
... questions designed to engender a nationwide conversation on how the FCA and the financial services industry should meet consumers' changing needs. The FCA said it recognises the way people build and use wealth is evolving, thereby impacting on their ...

Spaceship searches for new chief

KARREN VERGARA  |  TUESDAY, 21 MAY 2019
... young investors, and offer compelling products to redefine how financial services are delivered to a new generation of consumers."

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... provide a standard set of data - this will help companies know how they compare to their competitors and help to inform consumers about the companies they're dealing with," Locke said. "In this digital age, the move by ASIC to require firms to include ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
... May, the employment index in the NAB business survey dropped from a reading of +6 in March to -1 in April. Australian consumers can be as positive on the outlook of them finding a job as they want but businesses are the ones doing the hiring. Not only ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... supports the development and adoption of regtech solutions in the financial services sector to provide better outcomes for consumers," said ASIC commissioner John Price. "Regtech is something we are keenly interested in, both as a consumer of products ...

Advice and accounting align post-Royal Commission: CountPlus

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... indication that demand for advice will grow in the future as professionalising the sector will restore and grow trust among consumers. The white paper states: "A fee-for-service model is likely to promote greater trust in the industry as it is more transparent ...

ASIC catches illegal dual licensees

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... not have appropriate compliance measures in place. ASIC said these dual licensees could result in potential risks for consumers. As an example of the risks that could be associated with these dual licensees, ASIC pointed out an AFS licensee may not maintain ...

Industry fund fined over independent advice claims

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
... slapped with a financial penalty issued by the corporate regulator. ASIC alleged Hostplus provided misleading claims to consumers about offering "independent advice" in a recorded telephone message via its main contact number. The recorded telephone ...

FCA begins financial advice market review

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... effect in 2012, aiming to raise advisers' minimum qualifications levels, change the disclosure of charges and services to consumers, and ban the use of commissions to pay for advice. The second initiative, the Financial Advice Market Review (FAMR), was ...