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Showing 11 - 20 of 3273 results for "Consumers"

Vanguard backs current performance test

ANDREW MCKEAN  |  FRIDAY, 19 APR 2024
... recommended that the ATO YourSuper comparison tool should sort by fees, as it's "the only forward-looking measure" for consumers to compare superannuation products. "Sorting by investment performance and the performance test as it stands may risk misleading ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... products will continue to be scrutinised by ASIC to ensure they comply with regulatory obligations in order to protect consumers," ASIC chair Joe Longo said. The Federal Court last week appointed Anthony Connelly, Kathy Sozou, and Jamie Harris of McGrathNicol ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... must issue appropriate risk disclosure documents and develop appropriate target market determinations to ensure that consumers are not sold inappropriate products," Court said. "We allege that Finder Wallet failed to do this, potentially putting their ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... in the penalty imposed is that these obligations were effectively ignored by Lanterne and in consequence the ultimate consumers of financial services were exposed to risks which could have been mitigated had there been compliance with the requirements ...

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
... be notified to and determined by the ACCC. This measure seeks to ensure that the acquisitions most likely to impact consumers are subject to sufficient scrutiny. The law will specify the factors that the ACCC must consider for merger applications, helping ...

Why aged care advice needs tougher regulation

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... distinguish when licensed financial advice is necessary versus education and information that is easily understandable for consumers. "When considering the delivery of aged care advice, enforcing and strengthening the oversight of personal advice that ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... financial advice for millions of Australians by cutting onerous red tape that adds to the cost of advice with no benefit to consumers." JAWG said the amendments support improved access to affordable financial advice for millions of Australians by cutting ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... IDR process and escalate straight to AFCA," he told the recent AFCA Member Forum. "This is not our preferred way of consumers engaging with AFCA. We would much rather they come to AFCA after they have engaged in the trustees' IDR process." More importantly ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... form of promotion should be fair, clear, and not misleading, and must balance and carry the right risk warnings for consumers to make well-informed financial decisions. The FCA defines a finfluencer as someone who is "promoting the services of a firm ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
... direction of consumer health and spending, and therefore the economy, according to Birtles, is savings rate. "Australian consumers had excess savings through Covid, and they had built up quite a big buffer which supported the 'stronger for longer' / ...