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Showing 411 - 420 of 7458 results for "Consumer"

New SEC chair affirmed, FCA chief reappointed

MATTHEW WAI  |  FRIDAY, 11 APR 2025
... as chief executive has ensured the FCA is an organisation transformed," Alder said. "We've set a new standard for consumer protection, made it easier for businesses to access capital and quicker for firms to get authorised. "That provides the solid ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
Paying higher superannuation fees doesn't equate to getting death benefits paid out faster, according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees ...

ASIC asks for input on reportable situations, IDR dashboards

JAMIE WILLIAMSON  |  THURSDAY, 10 APR 2025
The corporate regulator plans to introduce two interactive dashboards that would track firm-level reportable situations and internal dispute resolution (IDR) data to push financial firms to lift their game. ASIC is consulting on plans to publish dashboards ...

Trump backflips on tariffs but risks remain

ELIZA BAVIN  |  THURSDAY, 10 APR 2025
US President Donald Trump has agreed to a pause in the reciprocal tariffs imposed on all nations, bar China, in excess of 10% for 90 days to encourage nations to go to the negotiating table. However, China saw tariffs increased to 125%, which will drive ...

Three AFS licensees pinged over compliance breaches

ANDREW MCKEAN  |  WEDNESDAY, 9 APR 2025
... relation to "relevant financial products" without being registered. ASIC said registration requirements are an "important consumer protection" because it confirms AFS licensees have assessed whether their advisers are "fit and proper," and that they ...

GQG rejigs allocations amid tariff pain

KARREN VERGARA  |  WEDNESDAY, 9 APR 2025
GQG has slashed its consumer discretionary and information technology holdings as it repositions for the "extraordinary market volatility" after US tariffs were rolled out last week. GQG said it continues to reposition portfolios with "the aim of achieving ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
... larger. Ongoing uncertainty in relation to trade hostilities and associated volatility in financial markets will weaken consumer and business confidence, which will have implications for consumption and business investment, including in Australia," the ...

Tariff impact on super 'profoundly worrying'

ELIZA BAVIN  |  TUESDAY, 8 APR 2025
... recession, but maybe even a global recession. After all, tariffs are bad for global trade, definitely bad for the US consumer. This is going to effectively be a tax-a consumption tax-on the US consumer. So, our probabilities of a recession have been ...

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
The spate of cyberattacks targeting major Australian superannuation funds has laid bare a "critical vulnerability" in the sector's defences, according to financial services cybersecurity consultancy firm Software@Scale. The attacks, which have so ...

Market turmoil hits portfolios

ELIZA BAVIN  |  FRIDAY, 4 APR 2025
Following US President Donald Trump's "Liberation Day" tariffs, major stock indexes on Wall Street dropped as much as 6%, losing $4.9 trillion (US$3.1 trillion) in market value, marking the largest decline since March 2020. VanEck Asia Pacific chief ...