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Showing 221 - 230 of 3577 results for "Consumers"

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... in how they monitor their own compliance with the regime, ASIC said, adding that poor practices have a real impact on consumers. "In many cases, there was limited reporting of incidents and breaches to senior management. Examples of inadequate reporting ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... ASIC's message encouraging firms to foster a positive complaints management culture that delivers quality outcomes for consumers." AFCA said in 2023-24, a record of nearly 105,000 complaints were escalated to it by consumers and small businesses. This ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... year. ASIC believes that since February 2022, more than $480 million may have been invested in the fund by close to 6000 consumers. This was done primarily through their superannuation and using platforms linked to Macquarie Investment Management and ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... offering," she said. "As we know, even simple advice is not really that simple, and it's vital that people advising consumers have the knowledge required to do that." Abood went on to suggest how NCAs can be compliant within the rules of the law ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... "ASIC recently announced unscrupulous property investment schemes as a key enforcement priority. ASIC is concerned about consumers being enticed to invest in high-risk property development schemes, particularly where they are advised to set up self-managed ...

BlackRock, State Street, Vanguard sued over climate stance

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... artificially reduce the energy supply, and raise prices." "Their conspiracy has harmed American energy production and hurt consumers. This is a stunning violation of State and Federal law."

'Turbulent' environment expected in 2025: Robeco

ELIZA BAVIN  |  FRIDAY, 22 NOV 2024
... pressures. It warned that the resulting inflation spike would disrupt bond markets and corporate investments, with US consumers bearing the brunt of rising tariff costs. "The possibility of a stagflationary twist arising from trade policies could prove ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... the process, including any activities performed by third-party providers, and reflect the reasonable expectations of consumers. All reporting should be presented to the board at least every six months, particularly within funds where they have a high ...

Betashares Direct slashes brokerage fees on ASX 300

MATTHEW WAI  |  TUESDAY, 19 NOV 2024
... decisions. Betashares founder and chief executive Alex Vynokur said the move advances Betashares' focus on delivering for consumers, as well as providing new investment opportunities. "By removing brokerage on ETFs and now on over 300 Australian shares ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... predatory lending, high-cost credit, and insider trading. "Our 2025 enforcement priorities reflect the increased risks consumers are facing that are being driven by cost-of-living pressures. These priorities are about protecting Australians from financial ...