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Showing 551 - 560 of 3582 results for "Consumers"

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 ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
... objectives. We remain a strong advocate of the value of quality advice and believe it should be more broadly available to consumers. However, the recommendation to deregulate general advice may have an adverse effect," he said. Wright explained while ...

AFSL boss banned by ASIC

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... and other misrepresentations provided by credit representatives. These determinations directed those entities to pay consumers a total amount of approximately $2.5 million. ASIC deputy chair Sarah Court said directors of AFS licensees must ensure that ...

FPA seeks broader scope for CSLR

CHLOE WALKER  |  MONDAY, 10 OCT 2022
... underlying causes of unpaid determinations, such as appropriate professional indemnity insurance. As a result, it said that consumers are left unprotected and financial advisers are footing the bill. "We believe the government should amend the proposed ...

Advised Aussies better off on all fronts: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2022
... and advised Australians, measuring quality of life, financial confidence, and satisfaction. It surveyed 406 advised consumers and 645 unadvised consumers. The study looked at a range of life measures and found those who receive financial advice responded ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
... complexity in the law regulating corporations and financial services comes at a significant cost to industry and ultimately consumers. "That complexity is steadily increasing - the Corporations Act has grown 597 pages since the ALRC's inquiry commenced," ...

UK regulator to inspect advice and guidance rules

CASSANDRA BALDINI  |  TUESDAY, 4 OCT 2022
... between advice and guidance will be carried out by the Financial Conduct Authority (FCA). Regulatory burden pricing consumers out of advice is being felt across the pond and in response, the UK regulator said it's taking a look. "MiFID was introduced ...

Lumiant partners with Envestnet | Yodlee

ANDREW MCKEAN  |  THURSDAY, 29 SEP 2022
... demonstrates the benefits that the latest CDR accreditation model provides for fintechs, and importantly, Australian consumers." Envestnet | Yodlee hopes that the six new accreditation models will reduce barriers to participation by enabling organisations ...

Tech providers support QAR SOA proposals

CASSANDRA BALDINI  |  THURSDAY, 29 SEP 2022
... Advice Intelligence founder and chief executive Jacqui Henderson said QAR chair Michelle Levy makes a critical point, consumers want good advice, not documents and processes. In the response, titled Through the Lens of the Modern Adviser, Henderson highlights ...