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Showing 521 - 530 of 7371 results for "Consumer"

ASIC levy to slug advisers $48.4m

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
... AFSLs authorised to provide financial product advice to retail clients on basic banking products, general insurance, and consumer credit insurance will be charged $269,000 or $483 per entity. The 1097 entities that give general advice only will collectively ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... 2009. Candidates must also study financial advice construction, which is the suitability of advice aligned to different consumer groups, incorporating consumer behaviour, and decision making, as well as ethical and professional reasoning and communication. ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... the usage of member funds. The amendments to the bill facilitate the passage of the first tranche immediately, maintain consumer protections, and support access to financial advice for the five million Australians at or approaching retirement," he said. ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... iExtend. This provides a pathway for how innovation such as iExtend can best participate in this industry and within a consumer protection focused framework." iExtend enters a co-ownership agreement with life insurance policyholders under which it pays ...

AustralianSuper reports 'solid return', lags rivals

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... Australia and overseas. "Equities have done well due to strong earnings growth from technology companies in the US and strong consumer spending in Australia and overseas, which helped to drive up company earnings," Delaney said. He added that easing ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... reports of misconduct, and the outcomes of the regulators' handling of those reports. This would be similar to the US Consumer Financial Protection Bureau's approach, it noted. The committee also want ASIC to develop a long-term public reporting ...

Bendigo and Adelaide Bank appoints new chief executive

ANDREW MCKEAN  |  TUESDAY, 2 JUL 2024
... executive and managing director for six years. Fennell joined the bank in 2007 and has been the chief customer officer for consumer banking for several years. He's also served as chief financial officer and chief general manager of group strategy. ...

ASIC calls out sloppy adviser data

KARREN VERGARA  |  MONDAY, 1 JUL 2024
ASIC is reprimanding AFS licensees (AFSL) for submitting inaccurate information about their financial advisers and will ramp up its enforcement from August. AFSLs are making numerous errors when it comes to providing data on the Financial Advisers Register ...

FSC releases new standard on scam mitigation

ELIZA BAVIN  |  MONDAY, 1 JUL 2024
The Financial Services Council (FSC) and its superannuation funds members have adopted a new standard to protect consumers from financial harm. The FSC's Standard demonstrates its members' commitment to protecting customers from scams and fraud by setting ...

Unprecedented vulnerabilities in financial services: KPMG

ANDREW MCKEAN  |  THURSDAY, 27 JUN 2024
KPMG specialists say disruptive technologies, particularly generative AI, and the imperative to automate, are exposing financial services executives to unprecedented vulnerabilities. In Australia, KPMG partner Matt O'Keefe noted that heightened customer ...