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Showing 51 - 60 of 137 results for "Consumer Protections"

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... omitted large institutions from providing advice for the meantime. "The recommendations that would have slashed consumer protections for advice provided by banks, insurers and fund managers were criticised by a broad range of stakeholders, including ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... Consultation will also consider practical policy design and implementation issues, including in relation to consumer protections," Jones said. "The government will issue its final response on the Delivering Better Financial Outcomes package later in ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... APRA-regulated funds being tested in the retirement phase from this year. "The government needs to upgrade consumer protections, so members are only stapled to the best funds, who have passed the performance tests," ISA deputy chief executive Matt Linden ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... accordance with the law". "Retail clients trading in crypto derivatives are afforded important rights and consumer protections under financial services laws in Australia, including access to external dispute resolution through the Australian Financial ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... will prioritise the passage of the Compensation Scheme of Last Resort (CSLR) laws in a bid to strengthen consumer protections. "Right now, there are around 2000 cases on hold with the Australian Financial Complaints Authority (AFCA), awaiting passage ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
... dangerous given 60% of choice super products perform poorly and retirement products currently lack appropriate consumer protections. Under these proposals Australians will continue to miss out on the quality independent advice which would tell them to ...

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
... assistant treasurer and minister for financial services Stephen Jones said government reforms will bolster consumer protections. "We will establish a set of obligations and operational standards for crypto asset service providers to ensure they adequately ...

Associations call for improved access to financial advice

ANDREW MCKEAN  |  FRIDAY, 3 FEB 2023
... Quality of Advice Review must increase access to quality financial advice, while maintaining appropriate consumer protections." The JAWG believes that for the government's financial advice package to be successful, it must prioritise the needs of consumers ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... advice on mainstream products would be reduced and the client fact find would also be simplified. The same consumer protections would apply under the new regime as they do to holistic advice. "We expect that these changes, along with the Consumer Duty ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
Several new consumer protections will be added to the Financial Services Council (FSC)'s Life Insurance Code of Practice, including the industry's first guidelines on family and domestic violence, as well as new protections in the genetics moratorium. ...