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Showing 1401 - 1410 of 3583 results for "Consumers"

Royal Commission cracks down on life insurance phone sales

KARREN VERGARA  |  THURSDAY, 5 JUL 2018
... review of ClearView in February, which used unfair and high pressure sales tactics when selling life insurance direct to consumers over the phone between 1 January 2014 and 30 June 2017. Of 32,000 life insurance policies sold, 1166 were to consumers ...

FASEA must recognise all prior learning: FPA

JAMIE WILLIAMSON  |  THURSDAY, 5 JUL 2018
... exit of a significant number of advisers, creating a shortage in the supply of quality financial advice available to consumers. "We're very confident that if our proposal gets up the number of people that will look to retire, retire early or leave the ...

Trade-off needed on existing adviser standards: Fox

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
... faced with "what could be considered mutually exclusive goals." The first goal, Fox said, is to send a strong message to consumers that it is cracking down on existing advisers in the wake of the Royal Commission. However, this must be done while ensuring ...

Centrepoint bumps up advice litigation provision

KARREN VERGARA  |  MONDAY, 2 JUL 2018
... technology, compliance, education and business management, will be our bedrock as we strive to improve the trust that consumers place in the financial services industry, and Centrepoint, in particular," he said. Corporate regulator ASIC banned former ...

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
... 99.3 and is also lower than consensus expectations for a small dip to 99. The details of the report showed that while consumers remain upbeat on current conditions - up to 116.5 from 111.8 in May - consumer expectations dropped to 86.3 in June versus ...

ASIC slams SMSF advice, flags further education reform

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... whether it's the best option, ASIC deputy chair Peter Kell said. Additional market research conducted by ASIC found many consumers that had set up an SMSF do not understand the risks associated with structure, nor their legal obligations as SMSF trustees. ...

Chief economist update: It's always slow in America in Q1

BENJAMIN ONG  |  FRIDAY, 29 JUN 2018
The third and final estimate of US GDP growth showed the economy grew at an annualised rate of 2% in the first quarter of 2018. This is lower than market expectations and would be unchanged from the second estimate's 2.2% rate. While the slight ...

Statements of Advice: Out with the old

JAMIE WILLIAMSON  |  THURSDAY, 28 JUN 2018
... producing "100-page doorstops" that contribute to a lack of client engagement and understanding. "If we think about what consumers - what our clients - are using in their homes every day, to still be wedded to tech from 105B.C. is just wrong," he said. ...

Wealth fintech partners with Milliman

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
... rich datasets to develop digital engagement and advice solutions allows complex comparisons. "Benchmark data will allow consumers to gain meaningful insight into their position as compared to their peers, to develop a real understanding about normal ...

ASIC not to blame for trust deficit: Shipton

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
... many years." The committee pressed Shipton again, asking whether he recognised ASIC had not appropriately protected consumers in the past, particularly when dealing with banks and other large institutions. "I would not cast it that way, with due respect. ...