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Showing 1381 - 1390 of 3583 results for "Consumers"

Life insurers take the Royal Commission stand

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... counsel assisting. The sixth round of hearings will begin on Monday, September 10, with evidence to also be presented by consumers detailing their experiences. General insurers AAI (Suncorp), Allianz, IAG and Youi have also been named as case studies ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
... (excluding bonuses) slowed to 2.7% in the year to the June quarter from 2.8% in the previous period. Nonetheless, UK consumers are still lifting their spending. Retail sales growth accelerated to 3.5% in the year to July from 2.9% in the previous month ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... remediation programs, with total provisions likely to exceed $850 million. Updating the financial services industry and consumers on its oversight of fees for no service remediation, ASIC said AMP, ANZ, CBA, NAB and Westpac have now paid or offered customers ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... effectively detect, deter and punish those who do the wrong thing, to improve community confidence and outcomes for consumers and investors in the financial services and corporate sectors."

TPB names new chief executive

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... issues," he said. "We look forward to working with Michael to advance the interests of both tax practitioners and the consumers of tax services." O'Neill will also serve as secretary, replacing Rosemary Holloway. "Rosemary joined the TPB in 2013 and ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... "entrenched market power" driven by opaque pricing, conflicted advice and remuneration arrangements. What's worrying for consumers is that they remain loyal to unsuitable products with little or no benefit thanks to poor advice, and complex information ...

ASIC identifies potential risks in ETP market

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
... monitoring spreads on a more regular basis. The regulator singled out two areas of focus for future: active ETFs and retail consumers' experience with ETF products. ETF industry in Australia has swelled rapidly, and currently sits at about $40 billion ...

Mis-selling super a win for consumers

JAMIE WILLIAMSON  |  THURSDAY, 2 AUG 2018
... products. CBA and ANZ were ordered to pay the community benefit payment which ASIC has now forwarded to the SCC to assist consumers on an ongoing basis. Until now, the Centre has operated without funding, only able to provide limited input to Government ...

Adviser Ratings to predict licensees' quality of advice

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
... primarily misconduct. Adviser Ratings said the aim is to enhance the clarity and consistency of information used by consumers in selecting a financial adviser. Adviser Ratings' chief executive, wealth Mark Hoven said the destruction of trust in the financial ...

Industry bodies respond to RG97 review

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... member-initiated transactions or activities, the report said. McShane also advocated for establishing web-based facilities to help consumers compare products and investment options easily. A database, such as ASIC's MoneySmart website, run by a government ...