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Showing 471 - 480 of 2981 results for "Problem"

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
The corporate regulator has commenced civil proceedings against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period. ASIC alleges CBA incorrectly charged $55 million in monthly access fees to nearly ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
New research from University of Melbourne researchers has identified two reasons why financial advisers don't recommend annuities to their clients. Orford Initiative's latest findings found advisers play a key role in recommending annuities, but face ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... into Mayfair products through licensees that are AFCA members. But he acknowledged there is still an access to justice problem for consumers - one that can probably only be solved by the compensation scheme of last resort coming into effect. "AFCA should ...

Synchron demands clarity from insurers

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... clients. According to Trapnell, the way insurers respond to this new regime might even impact Australia's underinsurance problem. "One of the big worries here is if we have tougher reinstatement, or additional underwriting, more policies will lapse ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
A review of Australian Financial Complaints Authority (AFCA) complaints data shows over 31,000 complaints have been made in the wake of the Royal Commission, according to CHOICE. Complaints around credit products revealed many customers have still been ...

Mawhinney not dishonest, just irresponsible: ASIC

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
The corporate regulator has slightly softened its accusations against Mayfair 101 founder James Mawhinney - saying he wasn't consciously dishonest, just irresponsible. During a hearing in ASIC's case against M101 Nominees held on March 9, a lawyer for ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... know if they're eligible or where to start the process of investigating if they are. Remediator helps to solve that problem so it's an exciting development." Testimonials from the company's website include Melissa from Western Australia who ...

US upbeat on stimulus, vaccination

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
... potential problems will this mountain of debt create? "Unfortunately, [the] most honest answer I have is that it will become a problem when it becomes a problem, and that is when the investors, domestic and foreign, decide that they no longer want to ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
Every aspect of the aged care system is plagued by complexity and systemic problems that puts the most vulnerable at risk, the landmark inquiry found in its in final report. The final report of the Royal Commission into Aged Care Quality and Safety ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
... bond or sharemarket diktat or not, the Fed wouldn't want to see all the money it's thrown at the coronavirus pandemic problem go to waste and until it's absolutely certain that the recovery becomes sustainable. This goes for all other central banks and ...