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Showing 421 - 430 of 7458 results for "Consumer"

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... important to remember that, ultimately, the main driver of the cost of the scheme is flawed business models leading to consumer complaints," Singh said. "What we are seeing here at AFCA is that conflicted advice models and inappropriate use of self-managed ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
A review of major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
There is still millions of Australians paying for default insurance cover through their superannuation that they don't know about or understand, according to Super Consumers Australia (SCA). SCA found that 19% of people are unsure whether they have ...

Trump Media to launch ETFs

ANDREW MCKEAN  |  WEDNESDAY, 26 MAR 2025
Trump Media and Technology Group, the operator of social media platform Truth Social, has signed a non-binding agreement with Crypto.com to roll out a suite of branded ETFs through Truth.Fi, its financial services and fintech brand launched in January. ...

Inflation slows, but for how long?

ELIZA BAVIN  |  WEDNESDAY, 26 MAR 2025
The monthly Consumer Price Index (CPI) indicator rose 2.4% in the 12 months to February 2025, according to the latest data from the Australian Bureau of Statistics (ABS). "Annual CPI inflation was slightly lower in February, after holding steady at ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... government will also be using the "powers and penalties" available to energy regulators and the Australian Competition and Consumer Commission (ACCC) to help ensure "energy companies offer customers cheaper deals." Chalmers, in rolling out what he called ...

Government looks to bolster TPB, tax compliance

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
The government plans to strengthen the sanctions available to the Tax Practitioners Board (TPB) to protect consumers against misconduct. As part of the Federal Budget, the Albanese government is enhancing sanctions the TPB can impose, modernising the ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... high stakes for the consumers involved - if poor advice is given in this lifestage, it can be extremely difficult for a consumer to recover their financial position when no longer earning income from personal exertion," Abood said. Abood noted professional ...

Government plans to develop 'fit for purpose' digital asset regime

ANDREW MCKEAN  |  MONDAY, 24 MAR 2025
... activities. "The government's approach will provide effective settings for digital assets that balance innovation with consumer protection. The approach is informed by public consultation on proposals for digital asset platforms and payment stablecoins," ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
The long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package has been released, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, some elements ...