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Showing 1311 - 1320 of 7378 results for "Consumer"

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
The federal government is expecting ASIC to tone down its regulatory powers even though the Hayne Royal Commission exposed its ineffectiveness at enforcing corporate law. Federal treasurer Josh Frydenberg overnight released a new set of expectations ...

Madison delivers for Clime one year on

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
One year after it was acquired, Madison Financial Group has helped boost the performance of parent company Clime Investment Management. Madison, which Clime acquired in June 2020, contributed $3.6 million to the group's FY21 revenue. Madison now has ...

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
The corporate regulator will be focusing on economic recovery, reducing consumer harm, cyber security and industry compliance over the next four years in order to strengthen the financial system. ASIC's 2021-25 Corporate Plan focuses on economic recovery ...

Cost of retirement increases

ELIZABETH MCARTHUR  |  TUESDAY, 24 AUG 2021
... 2.6% for the comfortable single budget. Driving the increase in the cost of retirement is skyrocketing prices on several consumer essentials. For example, the price of petrol increased by more than 27% in the year, medical services were 6.7% more expensive ...

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
ASIC has ordered Westpac to pay a $10.5 million fine after the High Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their ...

Economic recap: Week to August 20

BENJAMIN ONG  |  MONDAY, 23 AUG 2021
... Japanese yen and the safe haven commodity, gold. While there was good news on Australia's labour market, business and consumer sentiment indicators suggest this wouldn't last long. The economy added 2,200 jobs in July - paltry, but a great deal ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
Liberal senator Andrew Bragg has launched a short paper to push for the sovereign wealth fund to manage all superannuation unless a worker opts out. The 20-page widely spaced paper titled Competition for Workers' Superannuation characterises the current ...

Unlicensed crypto platforms robbing investors

KARREN VERGARA  |  FRIDAY, 20 AUG 2021
Investors are making significant losses after investing in complex crypto-assets provided by unlicensed platforms, according to ASIC. The corporate regulator said investors trading in financial products such as options and futures are losing large amounts ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... group data to be non-confidential. By informing the public in publishing more data, APRA said this will generate greater consumer understanding and more informed public discussion of insurance-related issues. It will also promote better practices via ...

Updated life code released

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 AUG 2021
... Financial Services inquiry into the life insurance industry, ASIC reviews, Productivity Commission reports, feedback from consumer advocates and the Royal Commission. "The code, which is mandatory for all FSC's life insurance members and will be governed ...