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Showing 561 - 570 of 7417 results for "Consumer"

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
ASIC has banned two former directors and responsible managers of XTrade, a trading platform that offers clients opportunities to trade in contracts for difference (CFDs) and foreign exchange contracts. The directors, Shay Zakhaim and Anthony Anderson ...

ANZ, Westpac 'the cheapest majors': Morningstar

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
... are constraining credit growth, despite higher wages and strong population growth. "Interest rate increases weakened consumer confidence and significantly reduced borrowing capacity. This slower loan growth is to be expected, given the relative binge ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... has alleviated inflation pressures, signalling to investors that interest rate cuts could be on the horizon. June's US consumer price index (CPI) data revealed a rise of 3% from the previous year, falling short of the expected 3.1%. Core prices, which ...

ASIC delivered court win over Firstmac DDO failure

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
ASIC won its first Federal Court action in relation to breaches of design and distribution provisions against non-bank lender and investment manager Firstmac over a cross-selling strategy for investment products. The Federal Court found yesterday that ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
... executive Scott Hartley said the changes follow months of engagement which shareholders, team members, regulators and consumer groups on which he heard of what Insignia does well and what it could stand to improve. "These decisive changes address that ...

Regulation, profitability top adviser worries: BT

KARREN VERGARA  |  TUESDAY, 9 JUL 2024
The heavy hand of the law and cost to run a profitable business are the two major worries of financial advisers, a new BT survey shows. Compliance burdens and constant legislative change are keeping financial advisers awake at night as 38% cited regulation ...

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 ...