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Showing 641 - 650 of 7464 results for "Consumer"

Australian Unity lashed by ASIC over TMD questionnaire

JAMIE WILLIAMSON  |  THURSDAY, 6 JUN 2024
... not received financial advice. "The questions and response options were based on and relied predominantly on complex consumer attributes set out in the fund's TMD. The TMD is not intended to be a consumer-facing document and there was a high risk that ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... the effects of elevated inflation have weighed on household purchasing power. And the tailwind of pent-up savings on consumer spending has largely run its course." Aird said data shows that Australians have been spending more than was previously expected ...

ASIC cancels AFSL of XTrade

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services licence (AFSL) of retail over-the-counter (OTC) derivatives issuer XTrade. XTrade offered clients opportunities to trade in contracts for difference ...

ETFs dominate client portfolios: Study

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
Exchange-traded funds (ETFs) are dominating client portfolios as nine out of 10 financial advisers continue to recommend them to clients, a new study shows. The 2024 Trends in Investing report reveals that more than 60% of advisers will up clients' ...

Block Earner dodges massive fine

KARREN VERGARA  |  WEDNESDAY, 5 JUN 2024
The Federal Court has absolved Block Earner from paying a penalty for trading without a financial services licence, which ASIC believes should have been $350,000. While Judge Jackman determined that while Block Earner, which invested in cryptocurrency ...

Clearway wins distribution mandate

KARREN VERGARA  |  TUESDAY, 4 JUN 2024
... nascent themes largely unavailable elsewhere. "In Saudi Arabia, for example, it's a challenge to get large-cap exposure to consumer discretionary stocks whereas with small caps it isn't a problem," he said. "One of the main risks is liquidity. In an ...

Australian Ethical updates investment guide

ELIZA BAVIN  |  TUESDAY, 4 JUN 2024
Australian Ethical has updated its guide to ethical investing with several additions to further clarify what it considers before making an investment. The super fund added a list of positive and negative factors it considers in developing its criteria ...

AFCA to expel Dixon Advisory

KARREN VERGARA  |  THURSDAY, 30 MAY 2024
The Australian Financial Complaints Authority (AFCA) is set to kick out Dixon Advisory & Superannuation Services (DASS) as a member over the next few weeks. AFCA announced on May 28 that the administrator of DASS has 21 days to reply to the proposal. ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... in April, while seasonally adjusted CPI was even higher at 3.8%. Betashares chief economist David Bassanese said with consumer spending already weak, lingering inflationary pressures in Australia appear to largely reflect cost-push factors in areas like ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... Judge also highlighted his lack of effort to make restitution to his victims. Under the Corporations Act and the National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit industries if they are ...