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Showing 51 - 60 of 3273 results for "Consumers"

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
... restricted but pertinent information. The review had recommended the introduction of a 'good advice' duty. Super Consumers Australia said the fact the government hasn't pursued this recommendation is a win for consumers. "The best interests ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... which is high risk," he said. "The aim of this framework should be to expand the supply of HGA, making it easier for consumers to obtain the support they need, when needed, and in a format that makes sense to them." According to Rice, the RIC argues ...

FCA mulls capital requirements for firms giving bad advice

ANDREW MCKEAN  |  THURSDAY, 30 NOV 2023
... markets and international Sarah Pritchard said the regulator wants to see a "thriving financial advice market," ensuring consumers have access to support from financially resilient advice firms. "Diligent advisers are having to compensate through the ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... the sector. "Fintech is now essential to financial institutions, small businesses, the digital economy and Australian consumers alike, with these innovative and disruptive companies embracing new business models and technology to improve financial services ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
... underwriting, is aimed at addressing "emerging concerns that the industry-led partial moratorium continues to discourage consumers from participating in both established clinical genetic testing, which may identify a need for potentially life-saving ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
... is important not to lose sight of them," McEvoy wrote. "It must be made clear to Mercer, and to all businesses, that consumers are to be dealt with in the way for which Parliament has legislated. The community is entitled to expect that robust systems ...

Inaugural FAAA award winners named

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... professionals and businesses across Australia who provide the greatest standard of professional and trusted advice to consumers. They also look to acknowledge outstanding university students who represent the future of the financial advice profession. ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
... Financial Complaints Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Reaching its fifth year in operation, AFCA explained its efforts to address systemic issues or broader ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... customer accounts," FSC chief executive Blake Briggs said. "Allowing superannuation trustees and fund managers to move consumers to modern products would result in consumers having $16 billion more in their retirement by 2050, delivering $21 billion ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
... anti-competitive. He said any changes to merger settings would be about delivering more significant benefits to the economy and consumers, therefore providing certainty to business. "We want mergers to drive improvements in productivity, to put downward ...