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Showing 481 - 490 of 3579 results for "Consumers"

Financial Circle director convicted, fined

CHLOE WALKER  |  TUESDAY, 21 FEB 2023
... November 2018 after it was fined $9 million. The fine followed the firm being found to be only offering personal loans to consumers who agreed to also receive and act on financial advice provided by the same company. Typically the advice including changing ...

ASIC acts to combat financial inequality for First Nations people

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... outcomes for First Nations peoples by using the learnings from the consultation to inform its work with First Nations consumers. The Framework outlines long-term outcomes that require ongoing collaboration and engagement between ASIC and its stakeholders ...

ASIC permanently bans former advisers

CHLOE WALKER  |  TUESDAY, 14 FEB 2023
... investigation which found that between November 2018 and July 2019, Goel stole the superannuation details of First Nations consumers, before submitting falsified benefit access applications or hardship applications to the superannuation funds. After ...

Value companies to outperform in 2023: VanEck

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
... costs of living, negative wealth effect from falling property prices and increased interest rate payments start to hit consumers back pockets we anticipate a pullback in discretionary spending."

Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
... said. "Without some controls built in, there is concern that this advice might not be 'good' advice, and that consumers won't draw a distinction between that advice and professional advice given by a qualified and registered financial planner." ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran said the regulatory framework proposed by review chair Michelle Levy will result in ...

My mind has not been changed: Levy

CASSANDRA BALDINI  |  WEDNESDAY, 8 FEB 2023
... provided by an individual who is not a financial adviser. "Happily, I do not think it is necessary or in the interests of consumers to require all personal advice to be given by a financial adviser," she said. Perhaps the most controversial element of ...

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... that high quality advice is not always comprehensive advice, rather it can also be advice that responds to the needs of consumers. Consumers are often looking for advice on single and specific financial matters and the current regulatory framework makes ...

Financial markets brace for gloomy first half

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
... and European interest rates, but households are already suffering," the report said. Furthermore, businesses targeting consumers will have their balance sheets tested as they have the least power to raise prices over the next year. Analysts expect companies ...

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... service providers to ensure they adequately safe-keep assets for customers," Chalmers and Jones said. "This will ensure consumers are protected from avoidable business failures or from the misuse of their assets by service providers." Consultation on ...