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Showing 421 - 430 of 3579 results for "Consumers"

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... deeply involved in assessing how the risks and opportunities that come from AI will impact the markets, small businesses, consumers, and the wider economy. "We will look at other developments in this space as well, such as crypto tech - digitisation ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... of a one-size-fits-all testing methodology to superannuation wrap investment options will undermine the ability for consumers to implement their desired investment strategies. "The test fails to consider risk, forward-looking qualitative analysis and ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... ASIC on the other hand, uses a risk-based approach to direct its resources to address the areas of greatest harm to consumers, investors, and markets. "ASIC is not resourced to investigate every instance of alleged misconduct that comes to its attention ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... business for the same period. In November 2020, Fox set up RAIC Capital, now known as Foxi Capital, where he offered consumers investment opportunities, including units in the Pleasure Point Mine Unit Trust and Plazrok Investor Trust. He also offered ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... recommendations Labor will prioritise, with many agreeing that the reforms will fix financial advice and ultimately benefit consumers. In releasing the first phase this morning, minister for financial services Stephen Jones wants to fix "a number of ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... providing guidance on identifying legitimate financial professionals." "ASIC is committed to safeguarding the interests of consumers and upholding the integrity of the financial services sector, sending a clear message that unlicensed practices will ...

Growth, quality stocks to outperform: Podcast

CASSANDRA BALDINI  |  FRIDAY, 9 JUN 2023
... people to lose jobs for inflation to come down in such an economy because consumer sentiment is still very strong and the consumers are driving the market in places like the US at the moment," Taw said in the latest Financial Standard podcast. "If that ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
... transformative change in the way the financial services industry approaches the design and distribution of products to consumers." "The FSC's updated TMD template, a key part of the DDO regime, provides an important step up in industry capabilities and ...

Spaceship told to cease super, funds distribution

JAMIE WILLIAMSON  |  FRIDAY, 2 JUN 2023
... distribution conditions in the TMD were not appropriate to ensure that Spaceship Super would likely be distributed to consumers in the target market," it said. ASIC held similar concerns about the Voyager Funds, saying the risk profiles of the products ...

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
... are concerns that the proposed experience pathway legislation could create two tiers of financial advisers and confuse consumers about who is and isn't qualified to provide advice. As Treasury mulls over finalising education standards for experienced ...