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Showing 211 - 220 of 7359 results for "Consumer"

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
... financial services benefits from consumers having confidence in the system. It is thus appropriate that all contribute to consumer compensation when one sector has reached its capacity." Abood also said that deciding how to deal with the special levy ...

ASIC permanently bans convicted investment manager

MATTHEW WAI  |  TUESDAY, 2 SEP 2025
... ban has been recorded on the banned and disqualified register. Under the Corporations Act 2001 (Cth) and the National Consumer Credit Protection Act 2009 (Cth), ASIC may permanently ban a person from providing financial and credit services if they are ...

Societe Generale fined $3.88m

ELIZA BAVIN  |  TUESDAY, 2 SEP 2025
Societe Generale (SocGen) has been fined $3.88 million by the Market Disciplinary Panel (MDP), following an ASIC investigation, for failing to prevent suspicious orders from being placed on the electricity and wheat futures market. ASIC said SocGen ...

AMP, Insignia, Bendigo products fail super performance test

KARREN VERGARA  |  FRIDAY, 29 AUG 2025
... requires reform." "The test covers just 3% of the platform market, causing distorted and misleading results, and potential consumer harm," she said. "The test risks pushing superannuation members out of investment products which are meeting investment ...

Trust key to client satisfaction in advice: Report

MATTHEW WAI  |  FRIDAY, 29 AUG 2025
Russell Investments' annual report on the value of financial advice shows ability to trust remains the core expectation when seeking advice. The 2025 Value of an Adviser Report, surveying some 700 Australian investors (advised and unadvised) and nearly ...

Government scraps inquiry into advice firm failures, Dixon Advisory

JAMIE WILLIAMSON  |  FRIDAY, 29 AUG 2025
... in the light of recent news about the collapse of Shield and First Guardian, potentially involving over $1 billion in consumer losses from their super," FAAA chief executive Sarah Abood said. "This scandal makes it clear that the issues the Inquiry was ...

ESG labelling could 'destabilise' super system: RIAA

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
The Responsible Investment Association Australasia (RIAA) is concerned a 'one-size-fits-all' ESG labelling regime would actually increase the risk of greenwashing. Earlier this month, the government commenced a consultation on the introduction of sustainable ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
ASIC is targeting the perfect storm of declining public market listings, booming private markets and the growing influence of superannuation funds as key enforcement priorities over the next four years, insisting that it is not sitting on the sidelines. ...

Inflation hits highest level in over a year

ELIZA BAVIN  |  WEDNESDAY, 27 AUG 2025
The monthly Consumer Price Index (CPI) indicator rose 2.8% in the 12 months to July 2025, according to the latest data from the Australian Bureau of Statistics (ABS). "The 2.8% annual CPI inflation to July was up from 1.9% to June. This is the highest ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Equity Trustees will face court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield ...