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Showing 11 - 20 of 7359 results for "Consumer"

Cbus pushes for lead generator ban

VINNY VUCAGO | TUESDAY, 26 MAY 2026

... data and funnel consumers toward super switching and investment products. Cbus argued the practice was contributing to consumer harm, pointing to the collapse of the Sheild and First Guardian funds, where more than 11,000 Australians collectively lost ...

APRA funding levy rises to $253m

KARREN VERGARA | TUESDAY, 26 MAY 2026

... annually, while the Gateway Network Governance Body's funding levy of $1.4 million was steady. The superannuation consumer advocate body's levy was also flat at $1 million. For all Commonwealth agencies, the total levy comes to $297.3 million ...

AFCA appoints lead superannuation ombudsman

VINNY VUCAGO | MONDAY, 25 MAY 2026

... Australians," he said. The appointment comes as AFCA continues to sharpen its focus on how financial firms implement consumer protection and hardship frameworks in practice. In its latest Systemic Issues Insight Report released last week, AFCA warned ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA | MONDAY, 25 MAY 2026

Regulators are putting the pressure on life insurers to manage problematic issues arising from total and permanent disability (TPD) products offered across the retail and group insurance channels, a recent roundtable heard. ASIC and APRA warned providers ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO | FRIDAY, 22 MAY 2026

... ahead," Longo said. The report forms part of ASIC's broader push to support responsible innovation while maintaining consumer protections and market integrity, as regulators globally grapple with the rapid adoption of AI and digital finance technologies. ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI | FRIDAY, 22 MAY 2026

Latest findings from the Australian Financial Complaints Authority (AFCA) show that despite frameworks existing for consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN | THURSDAY, 21 MAY 2026

... fraudulent promoters, responsible entities and investment managers are commendable, as are the initiatives to strengthen consumer protections." O'Brien added Equity Trustees is assisting the liquidators of First Guardian to achieve the best possible ...

Emerging markets progress from consumption to innovation: Experts

KARREN VERGARA | WEDNESDAY, 20 MAY 2026

... world'," he said. Emerging markets are synonymous with significant demographic shifts that underpin consumption and consumer confidence. But it is the innovation piece in emerging markets, Treves noted, taking shape. "It's emerging markets companies ...

Oil price shock to hit consumers 'relatively quickly': RBA

RIDDHIMA TALWANI | WEDNESDAY, 20 MAY 2026

... raised by firms at the start of supply chains that flow into a broad set of industries. "Expectations for pass-through to consumer prices vary, but we are hearing from some firms that they plan to increase their retail prices," Hunter said. "For example ...

CALI calls for government to help fund CSLR

MATTHEW WAI | WEDNESDAY, 20 MAY 2026

... CALI is attending a round table with assistant treasurer and minister for financial services Daniel Mulino, along with consumer groups and industry stakeholders to discuss consumer protection and the sustainability of the CSLR. Further, Mulino spoke ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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