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Showing 1501 - 1510 of 7383 results for "Consumer"

Financial services least trusted industry: Edelman

ELIZABETH MCARTHUR  |  TUESDAY, 23 FEB 2021
... people in 28 countries between October and November 2020. Edelman suggested the COVID-19 pandemic has deeply impacted consumer trust of corporates. For example, chief executive credibility was assessed to be at an all time low of -4%. The research also ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... From 1 January 2021, ASIC was given more powers in super under the SIS Act, having an expanded remit to better promote consumer protection, market integrity, disclosure as well as maintain reports. Working closely together, she said, the key priorities ...

Review of AFCA underway

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback. The review will be conducted by Treasury, aiming to test whether AFCA is operating effectively and achieving ...

Goldman Sachs launches robo-adviser

KARREN VERGARA  |  FRIDAY, 19 FEB 2021
... cost of asset allocation, trades, daily monitoring, and periodic rebalancing. The robo-adviser is part of Goldman Sachs' consumer finance offering, Marcus, which launched in 2016 initially providing loans and savings accounts. Marcus was named after ...

Chief economist update: Australia's not jobless recovery

BENJAMIN ONG  |  FRIDAY, 19 FEB 2021
... of workers' optimism over their employment prospects. This is backed by the Westpac-Melbourne Institute index of consumer sentiment that showed "unemployment expectations" dropped by 3.8% over the month and by 15.0% from a year ago to 114.5 points ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... laundering, Telford wondered how Coonan could possibly be fit to chair AFCA and hold the financial sector to account for consumer complaints. "Chairing Crown and AFCA is much like the start of Matchstick Men staring Nicolas Cage," Telford said. "Cage's ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
There are clear opportunities to disrupt intra-fund and general advice that the industry is overlooking, shunning everyday Australians that need it most, according to superannuation experts. As the number of financial advisers continue to dwindle and ...

Charter Hall bleeds profits, appoints director

ANNABELLE DICKSON  |  WEDNESDAY, 17 FEB 2021
... Global Dairy Platform in Chicago. Prior to her directorships, Chow was most recently chief operating officer, global consumer and food service at Fonterra. Prior to this she was general manager of Arnott's for Australia and New Zealand and held senior ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
Treasurer Josh Frydenberg flagged that the temporary disclosure laws for public companies relaxed at the height of the coronavirus crisis will be made permanent. In May 2020, the government announced the temporary measures, modifying provisions under ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... allows us to intervene where we are satisfied that a product (or class of products) is likely to result in significant consumer detriment." Additionally, Hughes said PIP enables ASIC to confront, and respond to, harms in the financial sector in a targeted ...