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Showing 1281 - 1290 of 3583 results for "Consumers"

Global Financial Innovation Network launches

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... to currently 28 financial regulators and related organisations committed to supporting innovation in the interest of consumers. Participating members include the: Financial Conduct Authority of the UK, Ontario Securities Commission of Canada, Hong Kong ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... arrangements. The firm and Clinnick have the right to appeal ASIC's decision. ASIC commissioner Danielle Press warned all consumers considering MDAs to evaluate the risks and benefits of an MDA. "Consumers should ensure they have a good understanding ...

SMSF expert joins AMP board

HARRISON WORLEY  |  THURSDAY, 31 JAN 2019
... strong mix of skills to the AMP board," Murray said. "Andrea has built trusted relations with government, industry and consumers, and been a strong advocate for the self-managed superannuation industry, and financial services in general. "Andrea's ...

Advisers question value of best interests duty

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... "Ultimately an increased awareness of the best interests duty and related obligations will result in improved outcomes for the consumers of financial advice." HUB24 managing director Andrew Alcock said advisers have always considered a range of factors ...

Chief economist update: Anatomy of an RBA rate cut

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2019
... This, along with the still high level of under-employment, ensures continued sluggish growth in wages. Ergo, Australian consumers would need to fund their spending by continuing to dip into their savings. But the record high levels of household indebtedness ...

New rules for UK retirement income products

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... with proposed regulation designed to increase consumer engagement. The Financial Conduct Authority is concerned about consumers moving into drawdown and holding their funds in investments that will not meet their needs, namely low return cash funds. ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... Lonsdale led the development of the Competitive and Sustainable Banking System reform package, improving outcomes for consumers and enabling smaller lenders to compete with the major banks. This was recognised as one of his most notable achievements ...

ASIC bans former NAB, CBA advisers

JAMIE WILLIAMSON  |  THURSDAY, 24 JAN 2019
... of the decision via the Administrative Appeals Tribunal. "Financial advisers have a critical role to play in helping consumers make confident and informed decisions about financial products," ASIC commissioner Danielle Press said. "They have an obligation ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... under the microscope following the poor behaviour brought to light during the Royal Commission," she said. "We owe it to consumers to do a better job." The first iteration of the code was released on 2017, which included setting new definitions for cancer ...

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
... banking sector," Frydenberg said. He also said Volt Bank proves APRA reforms are "a game changer when it comes to how consumers leverage their data to obtain more tailored products and services and have more information to make better choices." Volt ...