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Showing 41 - 50 of 137 results for "Consumer Protections"

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... Nguyen said stricter rules on the banks will mean managing of conflicts of interest and keeping on top of consumer protections. "Banks could face increased customer dissatisfaction and litigation, if the quality and suitability of the advice provided ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... nearly one-fifth of Australian households will become eligible to purchase wholesale products without retail consumer protections. Accordingly, the research, undertaken by PwC and Data Analysis Australia, called for a review of wholesale investor "individual ...

ASIC extends intervention orders against predatory lenders

CHLOE WALKER  |  MONDAY, 8 JAN 2024
... charged significant fees, which further burdened them. "Since the orders came into effect, they have reinforced consumer protections by preventing the provision of short-term credit and continuing credit contracts that involve unreasonably high fees," ...

UK to overhaul advice affordability, access

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... market to new forms of advice and support, driving competition to better serve consumers, while maintaining consumer protections," the FCA said. "The aim is to open up the market to a wider range of advice and support, while supporting the UK investments ...

A third of Aussies want life insurance advice: Research

CHLOE WALKER  |  THURSDAY, 7 DEC 2023
... protection and certainty people need. "Of course, this should only happen with appropriate limitations and strong consumer protections to ensure better outcomes for Australian workers and their families," Cupitt said. "Life insurers take their legal ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... under a single uniform quality standard, while additional guardrails will be implemented to establish strong consumer protections for the new advisers. This includes imposing extra obligations on AFSLs and enacting legislated minimum competency standards ...

AFCA tightens wholesale investor remit

KARREN VERGARA  |  FRIDAY, 17 NOV 2023
... dispute to us, we then have to consider whether we exclude it," he said. Retail investors have the benefit of consumer protections set out in the Corporations Act. Conversely, wholesale investors do not. "Sophisticated and professional investors generally ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... contains an "important package of reforms that will start to simplify the regulatory framework without reducing consumer protections and has the support of the financial services industry". With the missing reforms to the Safe Harbour Steps, Best Interests ...

CALI takes on Life Code

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
... financial services industry remains responsive to consumers' needs." Last month, the FSC added several new consumer protections to the Life Code, including the industry's first guidelines on family and domestic violence, as well as new protections in ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... understand their core rights and remedies available designed for their protection and benefit. Currently, consumer protections sit within the ASIC Act and scattered across other acts. If the ALRC's recommendation is implemented, the consumer protection ...