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Showing 321 - 330 of 3577 results for "Consumers"

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' / ...

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... handbags gives [Hermes] incredible market power. [Hermes] implemented a scheme to exploit this market power by requiring consumers to purchase other, ancillary products from [Hermes] before they will be given an opportunity to purchase a Birkin handbag," ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
... review to better understand how the retirement income advice market is functioning, whether advisers are considering consumers' specific needs in retirement, and whether they're being provided suitable advice when accessing their pensions. It's been ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... offering existing products and services - as long as they are developed and distributed with appropriate regard for consumers, investors, and market integrity."

Inaugural CSLR levy slugs advisers $18.5m

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... confidence in," she said. "Coming as it does on top flies in the face of making advice more accessible and affordable for consumers, which is the stated aim of our government." The CSLR board in January provisioned for $241 million to fund the Australian ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... weaknesses are. ASIC said that it collects and ultimately publishes IDR reports to "give greater public visibility of where consumers may be having difficulties". "It provides ASIC with an important data set to assist with regulatory decision making ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... Financial Complaints Authority (AFCA) said it helped secure more than $40 million in refunds for hundreds of thousands of consumers between July and December 2023. AFCAs Systemic Issues Insights Report revealed the 139,011 consumers received their share ...