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Showing 1781 - 1790 of 3585 results for "Consumers"

ASIC hands down more permanent bans

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2016
... turn, King was sentenced to five years imprisonment, with a non-parole period of three years. "It is imperative that consumers of financial services and credit products can rely on the honesty and integrity of persons who provide such services. As this ...

CBA pays $180,000 in penalties

ALEX BURKE  |  WEDNESDAY, 14 SEP 2016
... determined they occurred as a result of programming errors in its automated serviceability calculator. A total of 9,577 consumers were approved for overdrafts in circumstances that would have otherwise led to them being declined, and a further 1,152 ...

Westpac refunds $9.2 million in unfair fees

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2016
... with benefits such as fee waivers must have effective and robust systems in place to deliver the promised benefits to consumers," ASIC deputy chairman Peter Kell said. "Businesses that rely on manual processes to apply waivers, discounts and other benefits ...

Climate risk underappreciated: BlackRock

KERRIE SYDEE  |  FRIDAY, 9 SEP 2016
... In a new Global Insights Report titled "Adapting portfolios to climate change", BII notes governments, investors and consumers have been slow to appreciate the risk of climate factors, which is a result of scientific scepticism but also behavioural biases. ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 9 SEP 2016
... in June. The slowdown in revolving credit points to weaker consumer spending but at the same time is a positive for consumers' balance sheet. ECB policy As widely expected, the European Central Bank (ECB) kept policy unchanged at its September Governing ...

Unclear disclosure leads to $20 million in refunds

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
... foreign transaction fee does apply to Australian dollar payments processed by overseas merchants. "It is essential for consumers to know when fees will be charged, so that they can make an informed decision when using financial products and services," ...

Fears of increased compliance costs misguided

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
... including savings, insurance, Centrelink, superannuation, retirement and investments. Robo-advisers target only those lucky consumers with spare cash to invest, typically into ETFs. "While addressing consumer facing robo-advisers, RG 255 also provides ...

ING DIRECT pays up for "no fees" super marketing

MARK SMITH  |  WEDNESDAY, 7 SEP 2016
... Greg Tanzer said: "This action reflects ASIC's ongoing focus on the disclosure of fees and costs in superannuation. "Consumers need to be able to make informed decisions about their superannuation and managed investments, based on accurate and consistent ...

ANZ to refund millions in unlawfully charged fees

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
... and 17,230 business accounts. ASIC deputy chairman Peter Kell said, "Good fee disclosure is integral to ensuring that consumers are in an informed position about how best to manage the cost of their banking." ANZ has initiated contact with those customers ...

Good financial advice a challenge: ASIC

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... culture and incentives resulting in poor financial advice, irresponsible lending and mis-selling to retail investors and consumers that undermine the trust of the financial system. ASIC hopes to promote better gatekeeper culture through a number of projects ...