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Showing 21 - 30 of 7401 results for "Consumer"

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
Mercer Superannuation Australia will pay a $10.3 million penalty after it admitted to breaching the Reportable Situations Regime on several occasions, which the Federal Court found could have had the "potential to have a detrimental effect on members." ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... monitor the sector and approve financial services licenses and approve the registration of managed investment schemes. "Consumer protection should go hand in hand with protecting Australians' freedom to choose and engage with their superannuation. Strong ...

HMC Capital wins $1.3bn private credit insto mandate

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... HMC Energy Transition Platform. Just last week, the partnership received a good to go by the Australian Competition and Consumer Commission (ACCC). The commitment will last seven years and is expected to generate a 14% annual return. It will be split ...

HMC, KKR tie up receives ACCC approval

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... and KKR, in which the latter will commit $603 million, has been given the good to go by the Australian Competition and Consumer Commission (ACCC). The Foreign Investment Review Board (FIRB) has also approved the deal. Financial close is expected to occur ...

FSC links active super choices to stronger retirement outcomes

VINNY VUCAGO  |  FRIDAY, 26 JUN 2026
... supporting targeted measures to address alleged misconduct, Briggs cautioned against changes that could inadvertently reduce consumer choice. "Policy proposals that make it harder for Australians to exercise control over their superannuation will directly ...

Apex takes on Mercer's NZ fund admin business

VINNY VUCAGO  |  THURSDAY, 25 JUN 2026
... to more than 500 funds. Its local footprint also includes the ManGo funds hosting business and the InvestNow direct to consumer investment platform. As part of the integration, Apex's technology partner Novigi will also expand into New Zealand, supporting ...

Inflation cools, RBA facing 'uncomfortable trade-off'

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2026
The Consumer Price Index (CPI) rose 4% in the 12 months to May 2026, according to the Australian Bureau of Statistics (ABS). "Annual CPI inflation in May was 4%, down from 4.2% in the year to April," ABS head of prices statistics Rachael McCririck said. ...

First Sentier adds to C-suite, hires from Rabobank

VINNY VUCAGO  |  WEDNESDAY, 24 JUN 2026
... across Australia and New Zealand. She brings more than 25 years of experience spanning financial services, technology and consumer goods, having previously held senior leadership roles at Commonwealth Bank, PepsiCo, Microsoft and ANZ bank. In her new ...

Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI  |  MONDAY, 22 JUN 2026
... alternatives to the pre-existing condition terms, those alternatives would not result in any significantly lesser burden on the consumer." ASIC said it had brought the appeal to seek to clarify how the unfair contract terms regime applies to contract ...

Union calls on RBA staff to reject pay offer

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
... can't be expected to do it for peanuts," she said. The union noted the proposed wage increases sit below the current consumer price index of 4.2% and compare unfavourably with wage claims being pursued elsewhere in the Australian Public Service, where ...