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Showing 591 - 600 of 7371 results for "Consumer"

Morningstar warns of stretched valuations in Australian equities

ANDREW MCKEAN  |  TUESDAY, 9 APR 2024
... rears its head again, some of the optimism could come out of share prices for banks and other recent winners, including consumer cyclicals, REITs, and tech stocks," he said. "Geopolitics and global conflicts, China's stimulus inflating commodities, and ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... demand growth." Exacerbating the constraints on housing supply, bankruptcies in the construction industry have eroded consumer confidence, swaying many towards buying existing homes over building new ones, resulting in fewer building approvals and a ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... red tape when it comes to setting up an ongoing adviser arrangement with trustees to pay for advice and no additional consumer protections, when the overarching objective of the bill is to lessen compliance and administrative burdens. In introducing ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... without needing a recommendation or determination. "If AFCA refers a case as an 'IDR referral', this is because the consumer has not engaged with the trustees' IDR process and escalate straight to AFCA," he told the recent AFCA Member Forum. ...

Financial Conduct Authority cracks down on finfluencers, firms

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
The UK's Financial Conduct Authority (FCA) is cracking down on finfluencers as more financial services firms turn to social media to promote products and services. The financial services regulator is aiming to get on top of firms that illegally promote ...

Tranche one of advice reforms hits parliament

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... person who provides personal advice to a retail client about a life risk insurance product, general insurance product or consumer credit insurance and receives a commission in connection with the issue or sale of that product must obtain the client's ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
'Goldilocks' soft-landing view, deteriorating consumer health and a poor growth outlook this Australian reporting season hints at a hard landing. "After digesting the latest information from reporting season results and company meetings our analysis ...

ANZ to pay $57.5m to settle class action

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... Slater & Gordon in 2020. The class action was against several parties, including ANZ, and related to the sale of three consumer credit insurance products. ANZ said it would contribute $42 million to the settlement, without admission of liability.

Luxury fashion house sued over Birkin bag sales

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Hermes is facing an antitrust class action which alleges it only allows customers with "sufficient purchase history" to buy the infamous Birkin handbags. The French luxury fashion house is being sued in California in a case that claims sales associated ...

UK advisers told to review retirement advice processes

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
Financial advisers in the UK are being asked to examine their processes when providing retirement income advice, following a thematic review that found some "are not even getting the basics right." The Financial Conduct Authority (FCA) undertook the ...