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Showing 681 - 690 of 3582 results for "Consumers"

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
... and remove duplication, recognising that costs of compliance for financial advice businesses are ultimately borne by consumers. The review will examine key concepts such as the differences between 'financial product advice', 'general advice' and 'personal ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... and his appointment will ensure that it continues to be a strong advocate for the financial services industry and its consumers. "Blake has brought the industry together on key issues, including advocating for reforms to make financial advice more accessible ...

OnePath Custodians sued over fees for no service

JAMIE WILLIAMSON  |  WEDNESDAY, 15 DEC 2021
... other orders from the Federal Court. "Superannuation is important for the future financial security of Australians. Consumers must be able to trust they are being charged fees correctly by their superannuation providers. ASIC's case alleges that ...

ASIC takes 'ASX Wolf' to court

ELIZABETH MCARTHUR  |  TUESDAY, 14 DEC 2021
... "Financial advice must only be provided by qualified and licensed financial advisers or financial counsellors," ASIC said. "Consumers who receive unlicensed advice do not have the same protections afforded to them under the law as when they receive advice ...

One in three crypto owners to switch banks

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... more about crypto. Among crypto-owners in Australia, 74% express interest in crypto-linked cards, which would allow consumers to spend crypto at the retailers. Similarly, 73% are interested in crypto rewards, which allow you to earn crypto as a reward ...

Longo's ASIC less aggressive: Report

ELIZABETH MCARTHUR  |  FRIDAY, 10 DEC 2021
... has indicated its enforcement action will prioritise areas of greatest harm, including the protection of vulnerable consumers facing hardship or who may be vulnerable to scams and sharp practices." Australia's softening regulatory approach is out of ...

Frydenberg pledges to move on crypto regulation

CHLOE WALKER  |  THURSDAY, 9 DEC 2021
... Federal Treasurer described the move as the most significant update to Australia's payments system in 25 years. "For consumers, these changes will establish a regulatory framework to underpin their growing use of crypto assets and clarify the treatment ...

Financial Advice Hub goes live

KARREN VERGARA  |  WEDNESDAY, 8 DEC 2021
... industry's call for a dedicated regulatory resource are detailed in CP 332 Promoting access to affordable advice for consumers, which wrapped up consultations in early 2021. The hub is part of other initiatives ASIC hopes will improve access to affordable ...

The dark side of super switching: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
New research from Griffith University and Iress has revealed the 'double-edged sword' of the ease with which consumers can switch their superannuation. The research analysed over 42,000 superannuation switching decisions from 1 January 2019 to 31 March ...

ASIC sets out limited advice expectations

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... complying with the best interests duty and other rules. ASIC commissioner Danielle Press said: "ASIC recognises that many consumers prefer to seek limited and specific advice rather than comprehensive advice. We also understand that industry faces some ...