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Showing 21 - 30 of 3273 results for "Consumers"

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 ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... of their members. "As one of Australia's oldest life insurers, we're determined to work with government, trustees and consumers to develop a more equitable and sustainable framework for supporting members with a disability, especially those with mental ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers." Longo has stated that ASIC has already conducted an examination of the methods used by major banks to detect, prevent ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... Lifecycle option, or more confident investors can elect specific investment options. While already available direct to consumers, the retirement options will be available to financial advisers once Vanguard Super's adviser portal - currently in pilot ...

Jo-Anne Bloch to chair CSLR

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... have access to redress and compensation," it said. The CSLR will provide compensation of up to $150,000 to eligible consumers who have an unpaid determination from the Australian Financial Complaints Authority (AFCA) relating to the provision of personal ...