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Showing 411 - 420 of 7367 results for "Consumer"

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
A discussion paper commissioned by the Actuaries Institute has proposed a three-pronged tax reform package aimed at making the superannuation system less complex, more equitable, and sustainable. The professional body argued that the complexity of taxes ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
The Australian Financial Complaints Authority (AFCA) has announced the completion of a three-year program responding to the 2021 Independent Review of its operations. AFCA said the work had redefined its approach to external dispute resolution. The ...

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... inject greater flexibility into the industry, enabling organisations to offer targeted services that directly address consumer needs," Beringer said. "It is abundantly clear that episodic financial advice-tailored to fit budgets and life circumstances-is ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... can be answered by somebody who's trained up, has the qualifications to answer those basic questions, with all the consumer protections in place." Jones said the focus will be on removing red tape for financial advisers, but only in areas that are ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... the lobby group is pleased to see that creation of the new class of advisers is accompanied by strong regulations and consumer protections. "These reforms are a clear signal of the government's commitment to delivering better outcomes for Australians ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... this week's boost in retail sales for October was a one-off event or if it signals a more sustained improvement in consumer and business confidence." Public investment rose 6.3% in the September quarter. General government investment rose 6% driven ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... Australian Financial Complaints Authority (AFCA) welcomed ASIC's report, saying it provided a "fuller picture of the consumer experience". "The publication of this data enhances transparency, giving us a fuller picture of consumer complaints in Australia ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ...

Dividends to be down in FY25: Equity Trustees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... domestic GDP growth is expected to remain at or below 2% in CY25 as the lagged impact of higher interest rates and weakening consumer spending continue to bite. Additionally, Thompson said businesses will face margin pressures as rising costs are less ...