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Showing 671 - 680 of 3582 results for "Consumers"

Mayfair 101 files new appeal

ELIZABETH MCARTHUR  |  TUESDAY, 25 JAN 2022
... put right. I thank them for their continued patience and support." ASIC has pursued Mayfair since 2020 for misleading consumers in its advertising. The regulator successfully proved in court that Mayfair misled investors to believe its debenture products ...

Federal Reserve mulls central bank digital currency

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... It concludes by examining the potential benefits and risks of a CBDC and identifies specific policy considerations. Consumers and businesses have long held and transferred money in digital forms and the forms of money used in those transactions are liabilities ...

Financial watchdog warns on crypto

CHLOE WALKER  |  TUESDAY, 18 JAN 2022
... assist you with formulating an appropriate investment strategy," ASIC explained. ASIC said it is also important that consumers consider the risks before setting up an SMSF. "Setting up an SMSF is one of the most significant decisions you can make relating ...

Water, water everywhere but nothing to drink

BENJAMIN ONG  |  TUESDAY, 18 JAN 2022
... 2021 has worsened the bottleneck in the supply chain. This time, we find empty shelves at the supermarkets. Not because consumers have so much money to spend them on but more because covid has infected workers working mines to dig up raw materials factories ...

CFP Board welcomes new chair

KARREN VERGARA  |  FRIDAY, 14 JAN 2022
... certification across the financial advice ecosystem and grow a financial planning profession that meets the needs of diverse consumers," Elliott said. The CFP Board certifies more than 92,000 financial planning professionals across the US. It recently ...

Sequoia Financial Group acquires legal practice

CHLOE WALKER  |  MONDAY, 10 JAN 2022
... planning and other death benefit issues." He added that he believes it will reduce the cost of providing advice, benefiting consumers.

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... "for the loss and harm caused to investors in the Mayfair Products". ASIC has pursued Mayfair since 2020 for misleading consumers in its advertising. ASIC deputy chair Sarah Court said this penalty makes clear that firms must do the right thing by their ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
... manage almost $3.5 trillion on behalf of Australians, so it is critical that proxy voting arrangements are transparent so consumers can be confident that trustees and fund managers are exercising their voting power according to members' best financial ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
Industry groups have labelled the APRA heatmaps a wake-up call to consumers about the importance of having their superannuation invested in a well performing fund, though there's still doubts as to the accuracy of the regulator's process. The release ...

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... that when policy settings change, the life insurance and superannuation sectors will take proactive steps to protect consumers. The FSC is very pleased to be working with our members to deliver on this goal," FSC chief executive Sally Loane said. The ...