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Showing 291 - 300 of 3577 results for "Consumers"

Pollaers to chair AFCA for another three years

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... has also experienced transformation with strategic leaders having joined to enhance its engagement with industry and consumers. Pollaers said he is excited to continue as chair of the authority. "I look forward to building on the incredible foundation ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... circumstances where they could not afford to do so or had limited trading experience resulting in significant losses to some consumers. ASIC's investigation found that between June 2018 and September 2022, XTrade failed to comply with its general obligations ...

ETFs dominate client portfolios: Study

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... the most-used product (74%). "However, with the rise of the FIRE movement, DIY investing, and "finfluencers" exposing consumers to financial products and strategies that may or may not be right for their situations, some consumers might need help understanding ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
... was concerned that Block Earner offered the Earner product without an Australian financial services licence, leaving consumers without important protections. Simply because a product hinges on a crypto-asset, does not mean it falls outside financial ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024
... and stop it happening again. The super fund also added more determined language around companies that which mislead consumers. It said it would exclude a company which has wrongfully charged fees and is not acting to reimburse customers where practical ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
... "Ending the membership of Dixons as proposed, effective on 30 June 2024, represents an appropriate and fair outcome for consumers, providing them with ample time to lodge a claim, as well as recognising that the profession is funding the compensation." ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... alternative qualification method will address the core purpose behind this review of managed investment schemes (protecting consumers) while avoiding the negative impact on start-ups as well as avoiding exacerbating wealth inequality," she said. "People ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... including social media. The regulator said that promotions should present a balanced view of the benefits and risks, helping consumers make well-informed decisions. Notably, 80% of customers lose money when investing in CFDs. It also warned social media ...

Calls for a simplified path to financial advice

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... specialists. Key areas such as taxation, financial regulation, ethics, and professionalism are necessary for anyone advising consumers on financial products, she added. The proposals aim to reduce the number of core knowledge areas required for everyone ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... skyrocketing costs that advisers have been and will continue to pay. Much of these costs will inevitably be passed on to consumers, further raising the cost of professional financial advice that more Australians need more than ever," Abood said. "While ...

Editor's Choice

Invesco launches new equity fund

ELIZA BAVIN
Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA
The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA
A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI
Global X has now launched the space tech ETF (ASX: MOON).

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