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Showing 1 - 10 of 3282 results for "Consumers"

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
... "Ending the membership of Dixons as proposed, effective on 30 June 2024, represents an appropriate and fair outcome for consumers, providing them with ample time to lodge a claim, as well as recognising that the profession is funding the compensation." ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... alternative qualification method will address the core purpose behind this review of managed investment schemes (protecting consumers) while avoiding the negative impact on start-ups as well as avoiding exacerbating wealth inequality," she said. "People ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... including social media. The regulator said that promotions should present a balanced view of the benefits and risks, helping consumers make well-informed decisions. Notably, 80% of customers lose money when investing in CFDs. It also warned social media ...

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... specialists. Key areas such as taxation, financial regulation, ethics, and professionalism are necessary for anyone advising consumers on financial products, she added. The proposals aim to reduce the number of core knowledge areas required for everyone ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... skyrocketing costs that advisers have been and will continue to pay. Much of these costs will inevitably be passed on to consumers, further raising the cost of professional financial advice that more Australians need more than ever," Abood said. "While ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... the FAAA put forward six key items that it said would have a positive impact on the financial futures of Australian consumers hit hard by the cost-of-living crisis. The FAAA said cost is continually cited as the number one reason why Australians don't ...

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... may transfer the money to the Australian Tax Office in accordance with relevant legislation," the insurance firm told consumers. ClearChoice Super Rollover is a risk-only superannuation product that allows consumers to rollover money from another complying ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... stance on advice." "We see them as accountable through members and we want them to see their members as customers and consumers," Constant said. She reinforced that the report, which identified concerning practices, is not ASIC taking a view on advice. ...

AFCA and CSLR sign MoU

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... effective and efficient outcomes." The CSLR began operation last month. Its role is to provide compensation to eligible consumers, where the consumer has a determination issued by AFCA, the financial firm has not paid the consumer in full in accordance ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... whether they require an AFSL. "Even if they do not require a licence, they must ensure any representations they make to consumers are accurate and balanced. If the representations they make to consumers - including around the adequacy of the client's ...
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