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Showing 31 - 40 of 101 results for "Consumer Protections"

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... announcement of CALI comes as the FSC released the latest iteration of the Code of Practice, adding a further 50 consumer protections. "A priority for the FSC is ensuring continuity of consumer protections in the life insurance industry. The FSC and ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
... and influencers." He added that the growing number of Australians purchasing crypto assets have inadequate consumer protections. Veyret said: "CHOICE is hearing from many Australians about financial loss and other harm caused by purchasing crypto assets ...

The Advisers Association appoints chair

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
... to ensure Australian consumers can have access to quality, affordable advice, without reducing necessary consumer protections. "We will also engage with the government's Quality of Advice Review this year to remove unnecessary red-tape for advisers ...

ClearView welcomes chief risk officer

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... and compliance team, reporting to managing director Simon Swanson. Reece said: "Initiatives to strengthen consumer protections and continuously improve systems and processes are front of mind at ClearView, and I look forward to supporting Simon and his ...

ASIC red tape unit welcomed

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... implementation of the government's stewardship approach - focussed on minimising regulatory burden while preserving consumer protections - provides a model for other regulators." ASIC along with other regulators are under government scrutiny in the Deregulation ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... advisers must also contend with a slew of reforms and regulations. "Additional measures to supposedly increase consumer protections will only increase the cost of financial advice and deliver little or no benefit to the many Australians who value their ...

FSC proposes new advice model

KARREN VERGARA  |  MONDAY, 19 APR 2021
... simpler for consumers to understand and access without undermining the quality of advice or eroding important consumer protections. "The FSC is seeking industry and public feedback for our proposals in advance of finalising a policy position on a more ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... as crossbench senators in the federal government are amid deciding on a government proposal to roll back consumer protections. "The banks promised they'd clean up their act after the shame of the Royal Commission hearings but over 31,000 credit complaints ...

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... February 2015 and February 2019. The breaches included non-compliance with a number of the code's important consumer protections, such as debt collection practices and the treatment of customers experiencing financial difficulty. The BCCC has the power ...

Calls for broad default life insurance system

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... concerns that are justified and need to be addressed," it said. "Recent regulatory reforms have introduced consumer protections to better align the interests of advisers and their clients by capping commissions and introducing clawback arrangements. ...