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Showing 21 - 30 of 101 results for "Consumer Protections"

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... assistant treasurer and minister for financial services Stephen Jones said government reforms will bolster consumer protections. "We will establish a set of obligations and operational standards for crypto asset service providers to ensure they adequately ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... Quality of Advice Review must increase access to quality financial advice, while maintaining appropriate consumer protections." The JAWG believes that for the government's financial advice package to be successful, it must prioritise the needs of consumers ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... advice on mainstream products would be reduced and the client fact find would also be simplified. The same consumer protections would apply under the new regime as they do to holistic advice. "We expect that these changes, along with the Consumer Duty ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
Several new consumer protections will be added to the Financial Services Council (FSC)'s Life Insurance Code of Practice, including the industry's first guidelines on family and domestic violence, as well as new protections in the genetics moratorium. ...

Consultation opens on crypto regulation bill

ANDREW MCKEAN  |  MONDAY, 19 SEP 2022
... executive Caroline Bowler said: "We agree with the intended outcomes of senator Braggs draft bill - strengthened consumer protections and increased investment are both necessary for a stronger Australia. The draft bill proposes to regulate the activities ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... detailing a framework that allows consumers to get advice on the topics they need, with all the necessary consumer protections, and through a channel that suits them, rather than a one-size-fits-all model." He added: "The financial advice industry can ...

Crypto asset reforms underway: Treasurer

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
... executive Caroline Bowler is pleased with the government's announcement regarding both token mapping and consumer protections. "This move recognises the significance of digital asset infrastructure for the future of Australia, and we look forward to ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... "Otherwise, they are completely resistant to any form of regulatory relief that could have any consequences for consumer protections, even though it might significantly reduce the cost of providing advice," the AFA said. Choice has opposed any change ...

Chorus of self-interest in financial advice: SCA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 JUL 2022
... Xavier O'Halloran has said that, ahead of the Quality of Advice review, super funds are lobbying to remove the consumer protections around intra-fund advice. "There are serious questions about the value of getting advice from a super fund with inherent ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...