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Showing 691 - 700 of 7373 results for "Consumer"

AFCA consults on advice, MIS compensation

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... This includes how AFCA should determine compensation for investors affected by MIS's that failed or became insolvent. A consumer who suffers loss arising from advice to invest in a MIS can bring a claim against the responsible entity of the MIS or the ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
Three directors connected to the Sterling Income Trust are facing criminal charges over the collapsed property investment and management group's schemes. Sterling Group founder Raymond Jones and associate Simon Bell have each been charged with 11 counts ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
The corporate regulator is taking TelstraSuper to the Federal Court for allegedly failing to comply with internal dispute resolution requirements. ASIC alleges that 40% of the corporate superannuation fund's responses to complainants during a specific ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... require more meaningful interactions between the fund and their members. More informed and timely decisions. In a safe, consumer-first environment," he said. "This is how funds will deliver income to their members for a dignified retirement." Previtera ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
Two major high-net-worth financial advice firms laud the Quality of Advice Review's promises of drastically reduced scrutiny and red tape but have stopped short of saying that they will re-enter the retail client space. JBWere Australia began exiting ...

Clime IM doubles down on strategy, taps into AI

ANDREW MCKEAN  |  MONDAY, 30 OCT 2023
... their wealth preferences. "The data generated will assist Clime to respond more quickly to the changes in market and consumer behaviour, adapting our private wealth services and investment solutions to meet the evolving needs of the clients," a statement ...

Adviser numbers steady, but shortfall predicted

CHLOE WALKER  |  MONDAY, 30 OCT 2023
... range of 15-18,000, Rainmaker said. "If the adviser numbers reach their upper level, they may just keep up with expected consumer demand," Rainmaker said. "But if they come in at the lower end, the per-capita number of advisers available to service these ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
The Australian Bureau of Statistics (ABS) released consumer price index data yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
The Federal Court has found in favour of Diversa in the case brought by ASIC in 2021 which alleged the trustee knew about a now banned adviser's dodgy behaviour but failed to act. In October 2021, ASIC commenced civil penalty proceedings against ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... things. First, that the relevant breach must only impact one person or relates to a financial product, credit product, consumer lease, mortgage or guarantee or is proposed to be held jointly by more than one person. Secondly, the breach must not result ...