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Showing 1261 - 1270 of 3583 results for "Consumers"

New reforms to smash major super funds

JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
... 2018 quarter. Rainmaker executive director of research Alex Dunnin said if successful, the reforms are a real win for consumers. "Many of Australia's leading super funds each have hundreds of thousands of small accounts owned by young people. For these ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... (AFCA). Caps on possible compensation will be significantly increased, including the quadrupling of compensation for consumers and doubling of that to small businesses. Labor will also remove the sub-cap on non-financial loss. Under Labor, AFCA will ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... fairly and effectively. "We believe that this will provide access to justice and redress to many thousands of Australian consumers," Locke said. "In most cases, we are currently only able to consider matters that have occurred within the last six years. ...

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... everybody. "ASIC will continue to take action when advisers or AFS licensees don't comply with the law," she said. "Consumers need to know that managing your own super is a major commitment that can be expensive and involve significant time and effort. ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... literacy education to better inform consumer decision making. "The final report was light on addressing remedies for consumers from irresponsible lending and in certain circumstances an obligation to forgive debt might encourage better compliance," Cook ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... of the decision, seeking greater clarity and certainty as to the difference between general and personal advice for consumers and financial services providers. "The dividing line between personal and general advice is one of the most important provisions ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... period; core PPI down to 2.6% from 2.7%; import prices down by 1.7% after falling by 0.6% in the year to December. US consumers may have larger real income to spend but declining inflation expectations could sway then into deferring spending until prices ...

Chief economist update: Is the US about to join the global slowdown club?

BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
US consumers aren't shopping till they drop. They dropped spending. The US Census Bureau's latest update on retail spending - which constitutes the bulk of household spending that, in turn, accounts for about 70% of the US economy - showed that ...

Former super fund executive joins fintech

DARREN SNYDER  |  WEDNESDAY, 13 FEB 2019
... financial services Royal Commission confirmed consumer protection legislation alone can't produce the best outcomes for consumers. "There is an alarming lack of financial capability nationally," Mills said. "We know that people want and need to understand ...

Government moves on Royal Commission super recommendations

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... recommendations and would immediately enhance accountability of superannuation funds and strengthen protections for consumers," Frydenberg said. Frydenberg's calls come as Labor flexes its muscle across the parliament, with Senator Mathias Cormann ...