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Showing 31 - 40 of 76 results for "ASIC Report"

Value but no trust in advice: Report

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
New research from ASIC reveals what consumers really think when it comes to financial advice. The independent research, commissioned by the regulator, found that while consumers can see the value in seeking financial advice, lack of trust in the industry ...

ASIC reveals advice remediation progress

HARRISON WORLEY  |  THURSDAY, 1 AUG 2019
... regulator - the equivalent of more than 810 full-time staff were working away at financial advice remediation relating to ASIC report 515, separate to any other advice review and remediation programs underway at the big banks. Weighing in with the largest ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months. In its first six months of operations, AFCA received over 35,000 complaints and 60% of those have already been resolved. ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... insurance has lambasted the sector for consistently failing consumers in the design and sale of products. According to ASIC report 622, CCI products are being promoted and sold to customers unfairly, and are of a "very low value", revealing consumers ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... test, an online experimental survey to study the role of mental accounting in the demand for reverse mortgages." An ASIC report into the sector last year said reverse mortgages from authorised deposit-taking institutions totaled only $2.5 billion in ...

ASIC extends relief to foreign financial services firms

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... Instrument 2017/182. Separately, ASIC is calling for improvements in the disclosure practices of listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top 200 listed companies in Australia. ...

Improve climate risk disclosure: ASIC

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... ASIC has called for improvements to the consistency of disclosure practices among Australia's listed companies. In ASIC Report 593, the corporate regulator found limited climate risk disclosure outside of the top-200 listed companies in Australia. ASIC's ...

SMSFA addresses policy hurdles

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... saw some disappointing views expressed regarding the behaviour of advisers through the Royal Commission - and the ASIC report on SMSF advice - a common and dominant theme has been the importance of professionalism, and specialist education when advising ...

AMP moves to reset business

JAMIE WILLIAMSON  |  FRIDAY, 27 JUL 2018
AMP is reducing fees on its flagship MySuper products and expediting $290 million in compensation to customers that received bad financial advice. Reflecting plans for the simplification of its superannuation product offering, AMP said it will implement ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... Melbourne today. And this is only the first step in the reporting the breach to ASIC, he said. The findings are from an ASIC report to be released next month, one which probed breach reporting practices at about 12 big banking groups. Reporting breaches ...