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Showing 1671 - 1680 of 3585 results for "Consumers"

Former adviser cops ASIC reprimand

JAMIE WILLIAMSON  |  FRIDAY, 24 MAR 2017
... alternative to administrative action against Wilson. Commenting on the outcome, ASIC deputy chairman Peter Kell said: "Consumers need to have confidence and trust in their financial advisers." "ASIC will use all regulatory means available to protect ...

Profit-to-member super funds must restore trust: AIST

EMMA RAPAPORT  |  WEDNESDAY, 22 MAR 2017
... the difference in their offering to members, especially from that of retail funds. "We cannot take as given that all consumers understand the difference between a fund that reverts all profits to members, and a fund that has a corporate parent providing ...

Future retirement products aided by tax exclusions

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
... of new products that will provide greater flexibility in the design of income stream products to give more choice to consumers, while ensuring income is provided throughout retirement," O'Dwyer said. "The development of these new products is a precursor ...

Fortnum creates professional advice framework

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
... director Joel Taylor said the framework should provide the basis for advice provided by advisers. "It is a way to ensure consumers have access to quality advice so that businesses can access the things they need to help them grow and succeed," Taylor ...

Compliance and cybersecurity keeping bankers awake

KARREN VERGARA  |  FRIDAY, 17 MAR 2017
... organise and optimise their businesses, so they can be more efficient, while also meeting the needs of regulators and consumers." In terms of operations, Dring added banks should streamline operating models and partner with fintech, blockchain firms ...

Robo-advice portfolios benefiting from quant factors

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
... overlaying this with quantitative factors. Quantifeed senior quantitative strategist Gaudi Schneider said: "Mass affluent consumers in Asia Pacific who are receiving wealth management online can truly benefit from a quantitative overlay to their portfolios." ...

Proactive group releases life insurance guidance

EMMA RAPAPORT  |  MONDAY, 13 MAR 2017
... initiative will improve data accuracy in the industry, allowing insurers to better price their products, which will benefit consumers," ISA chief executive David Whiteley added. Separately, the Insurance in Superannuation Working Group - which features ...

Former ING DIRECT chief joins P2P lender

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... peer-to-peer lenders like RateSetter have the potential to introduce more competition in financial services, which will benefit consumers. "At ING DIRECT we changed customers' expectations of what a bank can offer and I see a similar opportunity for ...

ASIC compensation skyrockets

KARREN VERGARA  |  THURSDAY, 9 MAR 2017
The amount of compensation for consumers and investors collected by ASIC in the second half of 2016 surged to $159.4 million, up from $13.4 million in the first half. The latest ASIC Enforcement Report shows 63 infringement notices were issued - $2.9 ...

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
... example. ASIC deputy chairman Peter Kell said: "Financial products must not be promoted in a way that could mislead consumers about the benefits of the product or the product's endorsement." "We will be particularly concerned where advertisements falsely ...