Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1471 - 1480 of 7383 results for "Consumer"

ASIC releases fee consent instrument

ELIZABETH MCARTHUR  |  THURSDAY, 25 MAR 2021
... consultation raised concerns about the heading on the disclosure being "Not Independent", fearing that the heading may distort a consumer's understanding of what is being disclosed.

Chief economist update: Hot flashes

BENJAMIN ONG  |  THURSDAY, 25 MAR 2021
... extent, in turn pushing costs up at the fastest rate for a decade. These cost pressures will likely feed through to higher consumer price inflation in coming months." The PMI survey for the UK was even better with the composite PMI reading increasing ...

COVID-19 spurs robo-advice demand

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
The global pandemic has not only changed the way consumers buy goods and services, but also spurred stronger demand for robo-advice to help improve their financial wellbeing, a new survey finds. Software firm Oracle's Money and Machines 2021 report ...

ASIC praises super trustees

ELIZA BAVIN  |  TUESDAY, 23 MAR 2021
... and record keeping." ASIC said despite some of its assessments showing non-compliance, it did not identify any serious consumer detriment.

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... model was not far from a Ponzi scheme. ASIC could not comment on this issue as its action against Mayfair is ongoing. Consumer Action Law Centre chief executive Gerard Brody said AFCA could still hear some complaints about Mayfair, if investors were ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... CBA paid $25 million to settle its BBSW scandal with ASIC which included $5 million penalty, $15 million to a financial consumer protection fund and $5 million to ASIC for its litigation and investigation costs. ANZ also settled court action with ASIC ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... knowledge and skill standards required under the Code of Conduct." Also commenting, New Zealand's minister of commerce and consumer affairs minister David Clark said: "Financial advice plays an important role in helping New Zealanders achieve significant ...

Westpac merges consumer, business divisions

ELIZA BAVIN  |  WEDNESDAY, 17 MAR 2021
Westpac has announced it will combine the leadership of its consumer and business divisions to form a new consumer and business banking division, with one executive exiting the business. Westpac said the new division will be led by the current chief ...

eToro combines with SPAC, plans to list

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... agreement. Through the agreement, eToro will become publicly traded. The company has expanded rapidly, capitalising on consumer interest in investing and day trading, with five million new registered users in 2020 alone. So far in 2021, 1.2 million have ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... is occurring as crossbench senators in the federal government are amid deciding on a government proposal to roll back consumer protections. "The banks promised they'd clean up their act after the shame of the Royal Commission hearings but over 31,000 ...