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Showing 1481 - 1490 of 7383 results for "Consumer"

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
ASIC has permanently banned a Melbourne financial adviser for allegedly pressuring people into consolidating their superannuation for a fee. Nizi Bhandari has been banned from providing financial services permanently. He was an authorised representative ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... the legislation. In December 2020, ASIC released a consultation paper on updating its regulatory guide in relation to consumer remediation. At the time, the regulator was monitoring over 100 remediations that could see $3.55 billion returned to over ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
... super scams cost Australians over $6 million. Untersteiner noted that superannuation funds worked with AFCA to resolve consumer concerns over the ERS. "Scams were growing before COVID-19 but the pandemic has accelerated this trend," Untersteiner said. ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... conditions continue to lag". Confident businesses beget confident consumers (through the labour market), making the jump in consumer confidence hardly a surprise. The Westpac-Melbourne Institute index of consumer confidence rose by 2.6% to a reading ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... address the concerns raised before rejecting the claim. Further, TAL breached its duty to act in good faith by telling the consumer that she herself had acted without good faith and by threatening to recover $24,000 in payments that had been made to ...

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... and boards of regulated entities where DDOs could prevent current or future harm, such as loss of shareholder value or consumer detriment, she confirmed. Buy-Now-Pay-Later offerings will be the first targeted.

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... demands for redemptions," Leigh Day said. Since the fund was suspended and wound down, Leigh Day head of product safety and consumer law Bozena Michalowska said Link appears to have failed to value assets accurately and fairly and sold assets at an undervalued ...

Aware Super, Macquarie to acquire Vocus

ELIZA BAVIN  |  TUESDAY, 9 MAR 2021
... market share, New Zealand well positioned for market consolidation opportunities and Retail returning to growth in its consumer business. "Fibre is the critical infrastructure of the modern economy, and this arrangement endorses our view that Vocus' ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... the December quarter from 18.7% in September and a record high of 22.0% in June last year. There's still a lot of consumer spending coming before savings return to its 30-year average of 5.1% Of course, as Reserve Bank of Australia (RBA) governor ...

Iress to deliver DDO solution

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... obligations aims to help consumers obtain appropriate financial products by requiring issuers and distributors to have a "consumer-centric approach" to the design and distribution of products. Product issuers must design financial products in a targeted ...