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Showing 181 - 190 of 7364 results for "Consumer"

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 ...

Insurers design framework for dealing with mental health claims

MATTHEW WAI  |  MONDAY, 13 OCT 2025
... customers' financial losses. To proceed, a three-month targeted consultation will be held in early 2026, engaging consumer representatives, mental health advocates, superannuation trustees, financial advisers, and medical professionals, CALI said. ...

QIC to lead investor gateway for energy sector

ANGELIQUE MINAS  |  MONDAY, 13 OCT 2025
The Queensland government has appointed Queensland Investment Corporation (QIC) to lead new investor gateway to attract and coordinate private capital. In partnership with Government Owned Corporations (GOCs), the gateway will boost investment into ...

ASIC helping with law reform over Shield, First Guardian

ELIZA BAVIN  |  FRIDAY, 10 OCT 2025
ASIC chair Joe Longo has told a Senate estimates hearing that the corporate regulator is working closely with Treasury and the government on law reform in the wake of the Shield Master Fund and First Guardian Master Fund collapses. Longo said high risk ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
Most financial advice licensees that rely on offshore service providers (OSPs) fail to adequately assess, monitor and audit their arrangements thus putting their processes and business at risk, a new ASIC investigation reveals. ASIC's review of 10 financial ...

ASIC reports 50% jump in investigations in FY25

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
ASIC has reported an increase of 50% in investigations and an almost 20% rise in new civil enforcement proceedings in the financial year 2025. In its report for the full year, ASIC highlighted a ramp up in its enforcement activity and work to address ...