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Showing 1231 - 1240 of 3583 results for "Consumers"

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... arrangements in place to ensure those representatives comply with the law when providing financial product advice to consumers. "It is essential that AFS licensees' resources remain adequate, especially during periods of strong growth, to ensure ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... prohibited from distributing a product unless a current target market determination is in place," the Bill states. If consumers make a complaint about the product and distribution, distributors have to relate the number and nature of complaint to the ...

Superannuation Consumer Advocate proposal needs work

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... financial services Royal Commission highlighted the lack of consumer voices in superannuation advocacy and the need for consumers to be assisted through a complex superannuation system, he said. Kirkland added Australia needs an independent consumer ...

Consumers don't understand fee disclosure: ISA

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
Proposed changes to superannuation fee disclosures are still too confusing for consumers, warns Industry Super Australia. Industry Super Australia (ISA) has provided input on the proposed changes to Regulatory Guide 97, saying the proposals don't go ...

Federal Budget: Industry responds

HARRISON WORLEY  |  WEDNESDAY, 3 APR 2019
... the cost of advice. "We believe implementing the Royal Commission recommendations is necessary for the protection of consumers, but are concerned by how much it will cost," he said. Meanwhile, SMSF Association chief executive John Maroney praised the ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... establish a Superannuation Consumer Advocate and provide $100,000 of funding. "The Advocate would provide input on behalf of consumers in policy discussions and provide information to educate and assist consumers navigate the superannuation system," ...

Frydenberg makes big promises for small business

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... migrants make to meeting those costs." Additionally to this, the Government will provide $36.1 million to compensate consumers and small businesses affected by misconduct who have legacy unpaid external dispute resolution determinations.

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... absorbed into the current budget cycle. The documents also reveal the Government will commit $30.7 million to compensate consumers and business who remain unpaid over dispute resolution determinations made by legacy mechanisms such as the Financial Ombudsman ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... grandfathered commissions paid to salaried advisers from 1 April 2019. In the lead up to legislating FoFA to protect consumers from bad financial advice in 2013, Thistlethwaite pointed out that Parliament agreed to provide a "carve-out" for grandfathered ...

Australia, New Zealand leaders in responsible investment

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... consideration of environmental, social and governance factors, and positive portfolio performance. At the same time, consumers are increasingly demanding investment products that align with their values, he said. "The recently announced Australian Sustainable ...