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Showing 541 - 550 of 3580 results for "Consumers"

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... wider sustainability claims. FCA director of environment, social and governance Sacha Sadan said: "Greenwashing misleads consumers and erodes trust in all ESG products. Consumers must be confident when products claim to be sustainable that they actually ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... enforcement work should act as a reminder to financial institutions that they must invest in their systems to ensure consumers are not adversely affected or harmed," ASIC deputy chair Sarah Court said. Seven cases remain in front of the courts, including ...

ASIC appeals CFS, CBA decision

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... Sarah Court said. "Conflicted remuneration has the potential to cause significant consumer harm because it can prevent consumers from receiving appropriate advice and financial products free of influence."

Affordable housing in Budget spotlight

JAMIE WILLIAMSON  |  TUESDAY, 25 OCT 2022
... could have, or commit to paying superannuation on paid parental leave. "Two Senate inquiries and a growing chorus of consumers groups, industry funds, unions and employers say paying super with wages will fix the problem and with the ATO only recovering ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... who have, or are impacted by, a life insurance product," it said. Meanwhile, the Moratorium on Genetic Tests, allowing consumers to undergo a genetic test without fear that the result could stop them from taking out life insurance, will be extended indefinitely ...

ASIC sues BPS Financial over crypto claims

CASSANDRA BALDINI  |  TUESDAY, 25 OCT 2022
... false, misleading, or deceptive representations regarding the marketing of Qoin Facility. This included claims that consumers who purchased Qoin tokens could be confident they would be able to exchange them for other crypto-assets or fiat currency (such ...

4.3m Australians invest responsibly: Report

CASSANDRA BALDINI  |  MONDAY, 24 OCT 2022
... signaled the need for further education. The global report found nearly two-thirds or 74% of environmentally conscious consumers will pay more for sustainable products and 69% will pay more for a product where they agree with the companies' principles. ...

Westlawn Financial Services cops stop orders

CHLOE WALKER  |  MONDAY, 24 OCT 2022
... obligations (DDO). "The distribution conditions in the TMD were not specific enough to ensure the fund is distributed to consumers in the target market," it said. "ASIC expects Westlawn to consider the concerns raised about the TMD and take immediate ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... issue because for too long there had been multiple accounts eroding members' fees. Meanwhile, new research from Super Consumers Australia (SCA) has found that products which failed the annual super performance test have on average cut their fees by 20%. ...

QAR could see 12% increase in insured Aussies

CHLOE WALKER  |  THURSDAY, 20 OCT 2022
... executive Blake Briggs said that the government has a rare opportunity to deliver affordable and accessible advice to consumers as an outcome of the QAR. "FSC research shows how the unmet life insurance needs of consumers can be addressed by comprehensively ...