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| | | ... group and makes the resulting group cheaper in absolute terms. "As a result, I'm happy to allow a deep value portfolio a fair bit of leeway to take the sector biases a less processed value group naturally wants." |
| | | | ... added: "If it does, we expect life insurers to find and fix system problems and follow our remediation guidance to conduct a fair remediation and return money owed to customers in a timely way." ASIC's statement follows its recent joint letter with APRA ... |
| | | | APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ... |
| | | | OnePath Life will face ASIC in Federal Court over failures while handling a mental health claim. In 2016 a customer took out an income protection policy with OnePath Life through an ANZ financial adviser based in Grafton, New South Wales. OnePath Life ... |
| | | | ... Australia's super system has helped stabilise the population and economy. "Superannuation, among other things, has generated a fair degree of social harmony in a relative sense," he said. "If you work hard here, you're going to have a savings pool ... |
| | | | As forecast, the Reserve Bank of Australia (RBA) has lifted the cash rate by another 25 basis points. KPMG chief economist Brendan Rynne noted that the RBA remains concerned about the immediate economic outlook, despite confirming that its recently ... |
| | | | The Federal Court has dismissed proceedings brought by ASIC against the Commonwealth Bank of Australia (CBA) over fees. The court dropped allegations that the bank engaged in misleading or deceptive conduct, made false or misleading representations ... |
| | | | ... inflation, adding to the fears of a looming stand-off. Of those surveyed, 97% of candidates told researchers that the minimum fair pay rise during the current cost of living crisis would either need to match or surpass inflation, showing expectations ... |
| | | | ... ways that ASIC and licensed exchanges help to ensure that admission and monitoring standards for ETPs continue to support fair, orderly and transparent markets, particularly in the context of ETPs that have unique or novel features," ASIC commissioner ... |
| | | | ... proposal that I have changed." Another "slight adjustment" will be regarding life insurance remuneration. "I think it's fair to say I came into this review, not being a fan of commissions. And I continue to have real reservations about commissions. ... |
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