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

Search Results

Showing 1591 - 1600 of 7383 results for "Consumer"

Advice firms need technology to survive: FPA

ANNABELLE DICKSON  |  MONDAY, 16 NOV 2020
... "There are clear signs that digital advice is gaining momentum due to the rising cost of providing advice and changing consumer behaviour." Further to this, the survey reveals that while 88% of advisers believe the pandemic has demonstrated the value ...

Chief economist update: Japan's third wave

BENJAMIN ONG  |  MONDAY, 16 NOV 2020
... contraction - the composite and services PMI since February 2020 and the manufacturing PMI since April 2019. The same goes for consumer confidence. While sentiment and consumer perception have improved, they remain below pre-COVID-19 levels. Japan's ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... from harm and market misconduct. APRA and ASIC will share the general administration of SIS Act provisions which has consumer protection and member outcomes as their touchstone. These co-regulated provisions are either civil penalty provisions or provisions ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
A new draft of APRA's remuneration guidelines has scrapped its original plan to cap financial measures' contribution to executives' variable remuneration at 50%. Instead the boards will be able to assign a "material weight" to how much of ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
The Australian Institute of Superannuation Trustees has criticised the government's Your Super, Your Choice reforms, saying they fail to protect existing members in underperforming funds. Outlining its view of the reforms, AIST pointed out the need ...

AAT affirms SMSF adviser ban

JAMIE WILLIAMSON  |  WEDNESDAY, 11 NOV 2020
... limited banning order as proposed by Blazejczyk would provide "sufficient general deterrence", nor that it would promote consumer confidence and professionalism in the financial services industry. In its decision, the AAT said: "...acting in the best ...

CBA feels pressure of low rates, profits down

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... impairment expenses were $550 million for the quarter which equates to 28 basis points of average gross loans and acceptances. Consumer arrears have been insulated by loan repayment deferrals and government support with just 46,000 loans totalling $19 ...

New York hedge fund invests in Thorney LIC

KANIKA SOOD  |  TUESDAY, 10 NOV 2020
... cents a share, compared to 39.8 cent in pre-tax NTA for October. Woodson is a New York based fund that invests in global consumer and technology. It launched in 2010, with backing from Tiger Management which is the hedge fund and family office of US ...

Chief economist update: V for vaccine

BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
... it but, mandatory mask wearing. Lockdowns and social restrictions freeze economic activity, lift unemployment, reduce consumer spending and decrease corporate revenues - prompting the second dip in the US economy. It may not have come soon enough for ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
Complaints made about financial services have almost doubled since last year, according to the Australian Financial Complaints Authority (AFCA). In its yearly report, AFCA revealed complaints had risen to 80,546 from 47,223, which is a 14% increase ...