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Showing 1621 - 1630 of 7385 results for "Consumer"

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
... Furthermore, ASIC is urging financial advisers to make financial advice more accessible, affordable and 'bite-sized' to meet consumer demand. The regulator will be releasing a consultation paper later in the year to understand the impediments advisers ...

Chief economist update: Get shorty

BENJAMIN ONG  |  TUESDAY, 13 OCT 2020
... monetary policy by not following Western economies by undertaking a large-scale monetary loosening, but will instead look to consumer price stability and exchange rates to help the economy recover. Instead, the PBOC will maintain reasonable liquidity ...

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
A financial adviser has been jailed over using clients' money to fund his lifestyle to the tune of $1.1 million, including $72,000 he spent on a boat, while licensed by AMP, NAB and Synchron. Anthony Dick has been sentenced to eight years in prison ...

Hume clarifies survival of the fittest in MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... effect of these latest reforms on not only super but the funds management industry, Hume maintained that her focus was on consumer outcomes. "The government's responsibility isn't to create a thriving funds management industry," she said. And, she did ...

FPA renews calls for advice definition changes

ANNABELLE DICKSON  |  THURSDAY, 8 OCT 2020
... renamed 'product information' or 'strategy information'. FPA chief executive Dante De Gori believes future reforms to consumer protection should address problems in the law rather than add further regulation. "While the recent reforms in regulation play ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... Woods spoke of the government's broader fiscal stimulus and suggested the government should have focused more on consumer sentiment than business sentiment. "The government has really backed this idea of a private sector led recovery. You can see ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... probably closer to likes of HUB24 and Netwealth, but we've removed the advice intermediary and made it direct to consumer," he said. And while the platform already has the functionality to rival the likes of HUB24 and Netwealth's managed account ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... said. "There is no place for underperformance in defaults but the government has failed to address the greatest area of consumer harm in super which is outside the default system." However, she added: "Overall, the budget was a missed opportunity to ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... payers facing a tax rate of 30% of less. BetaShares chief economist David Bassanese said the potential boost to both consumer spending and business investment suggests upside risks to the government's economic forecasts. "It's already been evident ...

Funding for housing to decrease

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
The government announced it would increase funding in housing and community amenities by 32.2% in 2020-21, but will then reduce that spending by 35.5% by 2023-24. It said the decrease will be primarily driven by the ending of the COVID-era HomeBuilder ...