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Showing 171 - 180 of 7359 results for "Consumer"

Shield, First Guardian fallout calls for tougher scrutiny on research houses, licensee governance

MATTHEW WAI  |  FRIDAY, 24 OCT 2025
The fall of the Shield Master Fund and First Guardian Master Fund calls for tougher scrutiny of research houses and licensees to strengthen their governance framework, according to experts, who warn that an entrenched system requires an urgent shakeup. ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... conditions; they're merely defaulting to an exclusion. AFCA provides administrative services to Life CCC and resolves consumer complaints against life insurers in relation to breaches of the Code. "... our inquiry found policies that excluded cover ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment ...

'We have entered a new economic era': CBA

ELIZA BAVIN  |  WEDNESDAY, 22 OCT 2025
Commonwealth Bank (CBA) chief economist Luke Yeaman has warned investors that the world has entered a "new economic era" where the rules are "very different", in his most recent economic update. "Things that have been disdained in recent decades are ...

Public feedback welcomed for Life Code improvements

MATTHEW WAI  |  MONDAY, 20 OCT 2025
... released a consultation paper, setting out key questions to stakeholders and the public on how the Life Code can improve consumer benefits and insurers' conduct. The review was initiated by the Council of Australian Life Insurers (CALI) in July and is ...

Super risks continue as advice gets all clear

ELIZA BAVIN  |  FRIDAY, 17 OCT 2025
... unregulated channels. "Although no systemic determinations were made this quarter, these themes remain central to preventing consumer detriment and sustaining trust in the advice sector," AFCA said. "They also align with ongoing regulatory priorities ...

ASIC targets potential vertical integration in managed accounts

KARREN VERGARA  |  FRIDAY, 17 OCT 2025
Stopping short of calling it vertically integrated, ASIC warns it aims to uncover any conflicts of interests in the managed accounts sector particularly as more AFSLs build in-house products. ASIC commissioner Alan Kirkland said the managed accounts ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... responsible entity with Paul Chiodo as director. To say there are a lot of moving parts would be an understatement. The consumer Currently, anti-hawking laws allow financial services to be sold, but not financial products. Another loophole was the fact ...

ASIC exposes holes in managed funds' offshoring cyber controls

KARREN VERGARA  |  MONDAY, 13 OCT 2025
Responsible entities (REs) of managed funds lack robust risk management practices when it comes to the cyber and security risks relating to services they offshore, according to ASIC. A review of 30 REs found that more than half or 17 rely on offshore ...

Australian economy 'at a crossroads': CBA

ELIZA BAVIN  |  MONDAY, 13 OCT 2025
... economy is at an important juncture," CBA chief economist Luke Yeaman said. Yeaman said with private activity rebounding, consumer confidence climbing, and house price movements, the Australian outlook has strengthened. Yet, he said, the path ahead is ...