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Showing 501 - 510 of 7462 results for "Consumer"

FAAA slams 'underlying issues' in CSLR

ELIZA BAVIN  |  THURSDAY, 12 DEC 2024
... Speaking about the submission, FAAA chief executive Sarah Abood said it highlights the failures that led to substantial consumer losses and complaints. "Our analysis illustrates the conflicts of interest that existed in the Dixon Advisory business and ...

MLC Life and Resolution Life Australasia to merge

ELIZA BAVIN  |  WEDNESDAY, 11 DEC 2024
MLC Life Insurance and Resolution Life Australasia are set to merge, creating one of Australia's largest life insurance businesses. Nippon Life Insurance - MLC's parent company - announced it will acquire 100% of Resolution Life. As a result ...

TAL creates consumer and growth division

MATTHEW WAI  |  TUESDAY, 10 DEC 2024
The life insurer has appointed a general manager to lead its newly created consumer and growth team. Alexis Denby has taken on the role, where she will be responsible for TAL's direct and advised customer growth initiatives whilst ensuring its products ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
... implemented to offer cost of living relief and support stretched households - appear to have gone towards paying down consumer debts and mortgages, rather than increased discretionary spending - which could have had an inflationary effect. "illion's ...

Investment habits of the generations revealed

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
New research from Fidelity has outlined the differences between the generations when it comes to investing and risk. The research - which was based on a survey of more than 1000 Australian consumers aged between 18 and 59 - found that financial confidence ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
A discussion paper commissioned by the Actuaries Institute has proposed a three-pronged tax reform package aimed at making the superannuation system less complex, more equitable, and sustainable. The professional body argued that the complexity of taxes ...

AFCA completes independent review of operations

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
The Australian Financial Complaints Authority (AFCA) has announced the completion of a three-year program responding to the 2021 Independent Review of its operations. AFCA said the work had redefined its approach to external dispute resolution. The ...

Millions of Aussies want episodic advice: Research

MATTHEW WAI  |  FRIDAY, 6 DEC 2024
... inject greater flexibility into the industry, enabling organisations to offer targeted services that directly address consumer needs," Beringer said. "It is abundantly clear that episodic financial advice-tailored to fit budgets and life circumstances-is ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
... can be answered by somebody who's trained up, has the qualifications to answer those basic questions, with all the consumer protections in place." Jones said the focus will be on removing red tape for financial advisers, but only in areas that are ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found. Recent surveillance by ASIC found financial services and credit licensees ...