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Showing 341 - 350 of 7406 results for "Consumer"

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 ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR). The regulator cancelled ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... profession. Abood said that delivering on those priorities would reduce costs, support growth in the profession, and improve consumer access to advice. "One of the clearest messages from our members is that well-meaning but overly complex regulation ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN  |  FRIDAY, 2 MAY 2025
... claims exceeded 180 days. Rest's claims handling has drawn criticism beyond ASIC's findings. In a recent case, consumer advocate Adam Glezer told Financial Standard, he had to bypass the fund and deal directly with its insurer to expedite a terminal ...

No US recession priced in yet: UniSuper

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
UniSuper head of fixed interest David Colosimo said while US President Donald Trump's tariffs have caused a great deal of uncertainty, a recession in the US may not be on the cards - yet. "I think in the immediate aftermath of the tariff announcement ...

Super moves: Cbus, ART

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... consultants and MarathonAsset Management where she supplied long and short trading ideas in the financial, property, consumer and gaming sectors. Early in her career, Fang worked at Standard Chartered Bank where she evaluated and rated long-only equity ...