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| | | ... forward efficiently once court proceedings have concluded." Once the court proceedings have concluded and the relevant issues are resolved, AFCA will update impacted consumers on next steps. On May 7, InterPrac added Melinda Kee, a former investor in ... |
| | | | ... and does not have a single, straightforward solution," Magill said. However, she said APRA will continue to diagnose the issues through thematic reviews, bring all relevant parties to the table and engage in discussions with government and other agencies ... |
| | | | ... advice groups, especially within those groups where there has been reputational compliance failure or instability. "Recent issues have sharpened that awareness considerably... Associative risk is now a real commercial consideration, not a theoretical ... |
| | | | ... customers who were affected. We are deeply sorry we let them down," a Westpac spokesperson said. "We self-reported these issues in 2022 and 2023 and to put things right, we've completed a remediation program including refunds of fees and charges, debt ... |
| | | | ... 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 that while many financial services firms had established sound hardship and vulnerability ... |
| | | | 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 ... |
| | | | ... consumer hardship, weaknesses arise in how those policies were implemented in practice. The eighth edition of the Systemic Issues Insight Report, which accounts for the complaints received and processed in the first half of FY26, noted that financial ... |
| | | | ... obviously much more interventionist in capital markets, and we play the case in some other places. Sometimes that causes issues, sometimes it's actually a tailwind. "China's ability to build that infrastructure and get stuff done is directly ... |
| | | | ... unprecedented regulatory scrutiny in which regulator ASIC has put product providers on notice for opaque practices and transparency issues, particularly around fees. To help address this, Danieli said advisers should consider the "first layer of the ... |
| | | | ... cornerstones of Australia's financial system," Delahunty said. "It's important that the sector has a seat at the table when issues that cut across the system are being discussed," she said. Delahunty noted current priorities included the Compensation ... |
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