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Showing 301 - 310 of 7371 results for "Consumer"

Former Sydney adviser sentenced to three years

MATTHEW WAI  |  MONDAY, 19 MAY 2025
Former financial adviser David Mario Valvo, who doubled as a comedian, was sentenced to three years imprisonment. Valvo's sentence was handed down in Downing Centre District Court in February, but was suspended upon several conditions including that ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
Zurich Australia has paid two infringement notices totalling $37,560 issued by the Australian Securities and Investments Commission (ASIC) over alleged false and misleading statements to two policyholders. In May 2024, Zurich declined two trauma insurance ...

Jarden Strengthens advisory team with Rothschild exec

ELIZABETH FRY  |  THURSDAY, 15 MAY 2025
... over a long and distinguished career, leading coverage of clients across a broad range of sectors including industrials, consumer, retail and & healthcare. Prentice had been with Rothschild for almost two decades. Before joining the firm he worked in ...

Advice bodies want efficiency, long-term solutions from Mulino

KARREN VERGARA  |  WEDNESDAY, 14 MAY 2025
Australia's top advice associations are eagerly anticipating meaningful and swift changes to take place under new financial services minister Daniel Mulino, optimistic that critical reforms in the Compensation Scheme of Last Resort (CSLR) and Delivering ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
New group insurance research finds that total permanent disability (TPD) claims are taking much longer to process, while death claims appear to have more efficient processes in place. According to Rainmaker's latest benchmarking data, a total of ...

Alvia scoops up majority stake in ice cream cone maker

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
Alvia Asset Partners has acquired a majority stake in Altimate Foods, Australia's largest ice cream cone manufacturer, in partnership with the company's founding Rizzo family. According to Alvia, Australia's ice cream market has more than ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

Fed holds rates, but RBA still poised for a cut

ELIZA BAVIN  |  THURSDAY, 8 MAY 2025
... (RBA), Miller is anticipating a 25 basis point cut when the board meets towards the end of this month. "The March quarter consumer price index (CPI) was a good enough result for a 25 bp policy rate cut at the next RBA meeting on May 19-20, but that is ...

FAAA calls for stronger consumer protections in advice reforms

ANDREW MCKEAN  |  WEDNESDAY, 7 MAY 2025
... has opposed collective charging for "always complex and costly" retirement planning advice and emphasised the need for consumer protection in the provision of super nudges in its submission to Treasury on the Delivering Better Financial Outcomes (DBFO) ...

New ACCC chief named

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
The Australian Competition and Consumer Commission (ACCC) has appointed Sarah Proudfoot as chief executive. Despite also conducting an external search, Proudfoot started with the ACCC in 2005 when she joined the agency's Infocentre. She has since held ...