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Showing 361 - 370 of 3579 results for "Consumers"

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON | MONDAY, 27 NOV 2023

... underwriting, is aimed at addressing "emerging concerns that the industry-led partial moratorium continues to discourage consumers from participating in both established clinical genetic testing, which may identify a need for potentially life-saving ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON | THURSDAY, 23 NOV 2023

... is important not to lose sight of them," McEvoy wrote. "It must be made clear to Mercer, and to all businesses, that consumers are to be dealt with in the way for which Parliament has legislated. The community is entitled to expect that robust systems ...

Inaugural FAAA award winners named

CASSANDRA BALDINI | WEDNESDAY, 22 NOV 2023

... professionals and businesses across Australia who provide the greatest standard of professional and trusted advice to consumers. They also look to acknowledge outstanding university students who represent the future of the financial advice profession. ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI | TUESDAY, 21 NOV 2023

... Financial Complaints Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Reaching its fifth year in operation, AFCA explained its efforts to address systemic issues or broader ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER | MONDAY, 20 NOV 2023

... customer accounts," FSC chief executive Blake Briggs said. "Allowing superannuation trustees and fund managers to move consumers to modern products would result in consumers having $16 billion more in their retirement by 2050, delivering $21 billion ...

Government consults on reforms to merger rules

CASSANDRA BALDINI | MONDAY, 20 NOV 2023

... anti-competitive. He said any changes to merger settings would be about delivering more significant benefits to the economy and consumers, therefore providing certainty to business. "We want mergers to drive improvements in productivity, to put downward ...

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN | WEDNESDAY, 15 NOV 2023

... quarter saw ASIC achieve strong results in court and file significant matters that go toward our ongoing work to protect consumers," ASIC chair Joe Longo said. "Our focus on the best interests of members in the superannuation sector is part of our continuing ...

Super fund fees now at record low: Data

ANDREW MCKEAN | TUESDAY, 14 NOV 2023

... the near future," Antil said. However, Antil also affirmed that any reduction to the average fees is a good result for consumers. "We should encourage a healthy and competitive superannuation market that continues to put downward pressure on fees," she ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA | TUESDAY, 14 NOV 2023

... said will provide legal certainty around removing onerous red tape that adds to the cost of advice with no benefit to consumers. Advisers can expect the streamline of ongoing fee renewal and consent requirements, including removing the requirement to ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN | FRIDAY, 10 NOV 2023

... without proper disclosure of the specific period in question. ASIC contends that HESTA's marketing could have led consumers to assume the performance figures were current, whereas the 10-year period used to calculate those figures had actually concluded ...

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Aware Super reshapes governance team, appoints chief risk officer

VINNY VUCAGO

Aware Super has announced a leadership reshuffle, appointing a new chief risk officer amid the departure of its long-serving group executive of legal.

IFM lifts stake in Atlas Arteria to 40% after upping offer price

RIDDHIMA TALWANI

IFM Investors has raised its stake in Atlas Arteria from 34.5% to 38.3% in an on-market stock purchase, just a day after it raised its offer price for the toll road operator to $5.10 per security.

Zenith bolsters research, investment capabilities with new hires

MATTHEW WAI

Zenith has announced two senior appointments to strengthen its research and portfolio management divisions.

Regulators push for stronger stress-testing capability, resilience

KARREN VERGARA

The ability to remain resilient and manage liquidity pressures amid severe, multi-dimensional stress scenarios is an area of focus that APRA and ASIC want superannuation funds to improve.

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