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Showing 1271 - 1280 of 3583 results for "Consumers"

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... extent to which their needs were understood and taken into account. "Many of the problems reported were a result of consumers having insufficient financial literacy skills for the product they were purchasing and who were obtaining it through a channel ...

The $500k price tag on bad super choices

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
... industry that should see Australia's poorest performing super funds chased out of the market, the good news for consumers is they don't need to wait. Switching to one of Australia's best funds is easy and consumers can do it today. "But first ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... recommendation, so we are in support of it. The question now is how it will be done," he says. "We need to ensure that consumers are disrupted as little as possible and also that advice businesses can continue with their day-to-day. This is not about ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... to ensure clients aren't subject to those conflicts. He said that despite its problems, the model also provides consumers benefits espoused by the banks in their submissions, such as economies of scale and the convenience of a relationship with just ...

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... different classes of members." ISA said the proposed changes overall should in most cases lead to better outcomes for consumers - but only time will tell whether ongoing conflicts of interest and remuneration settings will result in problems re-emerging. ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... offer of superannuation products to be prohibited, which he believes is in no way appropriate or in the interests of consumers. The law should be amended to make it clear that contact with a person during which one kind of product is offered is unsolicited ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... ASIC would conduct a review in 2021 to consider whether the reforms have better aligned the interests of advisers and consumers. If the review does not identify significant improvement in the quality of advice, the Government stated it would move to ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... appropriately price the risks being underwritten, it is essential that appropriate safeguards are in place to avoid consumers having their claims declined where they may have failed to disclose a matter that would not have had any real bearing on the ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... Government has acknowledged current and future policy initiatives aimed at focus on improving financial services for consumers. For the first time the Government will establish a compensation scheme of last resort to ensure that consumers can have their ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... within superannuation, Hayne said the corporate regulator's responsibility is the relationship between RSE licensees and consumers, and added ASIC should be given power to enforce all provisions in the SIS Act which are or will become civil penalty p ...

Editor's Choice

REI Super chief executive steps down

ELIZA BAVIN
REI Super is farewelling its chief executive Jarrod Coysh, after more than seven years in the role.

Former Brighter Super investment lead plots return

MATTHEW WAI
After a six-month hiatus, former Brighter Super chief investment officer Mark Rider is returning to the superannuation industry, set to join another super fund next month.

CGT, negative gearing changes to become a law

RIDDHIMA TALWANI
The government's tax agenda announced in the Budget overhauling the capital gains tax (CGT) discount and negative gearing have now passed the Parliament and will become law.

BUSSQ beefs up cyber security oversight

MATTHEW WAI
The Queensland industry fund has welcomed a cyber security expert to its board of trustees, bolstering its oversight on heightened cyber security risk.

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