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Showing 281 - 290 of 3577 results for "Consumers"

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
... collect, store, and process less personally identifiable information, which would be a decidedly positive outcome for consumers."

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
... of financial abuse, creating a central source of training and support for those affected, establishing a hotline for consumers and service providers, reviewing the privacy and whistleblower protection laws, harmonising the current state-based laws to ...

Where does the world's largest active manager say to invest?

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... Reynolds said supply lines are harder for people to grasp because it takes companies years to complete and is hidden from consumers; it's not something read about in the press every day. He cited the report where a Capital Group portfolio manager said ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... renewed calls for anti-hawking legislation to be extended to stop financial advisers using third parties to cold call consumers to elicit business or posting click-bait on social media. In doing so, SMC referred to "dodgy financial advisers" and labelled ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... industry on its proposed annual Approach document schedule for financial year 2024-2025. AFCA Approach documents support consumers, small businesses and financial firms' understanding of its approach to certain issues and how it reaches decisions. The ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... legislation to be extended to include financial advice businesses employing third parties to cold call unsuspecting consumers and lure them into receiving financial advice and switching superannuation funds at a hefty cost. At the time, AIST said it ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... accessibility of financial advice, Scotchbrook said. The change is estimated to increase the cost of advice to impacted consumers by about 7% and it is likely to impact many thousands of super fund members and their long-term retirement savings, Scotchbrook ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... no fault of their own are being compensated," he said. The CSLR provides up to $150,000 in compensation to eligible consumers. "It is important to note that the vast majority of people in the financial services industry act ethically and in the best ...

Active Super found guilty of greenwashing

ANDREW MCKEAN  |  THURSDAY, 6 JUN 2024
... as to future investments decisions, because that is not what LGSS said, or anything like it," O'Callaghan said. "Consumers were told that Russia was 'out', and that 'until recently' Active Super 'had' or 'did have' ...