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Showing 691 - 700 of 3582 results for "Consumers"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... "Westpac, the largest donor with a former executive running Treasury, are again in the 'pop' gun for ripping off consumers," AIOFP executive director Peter Johnston said. "Why 'pop gun'? As with all other ASIC actions against banks, no ...

New LGBTIQ investment option

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
In the US, an investing app has partnered with an LGBTIQ rights organisation to provide consumers with a way to invest in line with their values. LGBTIQ advocacy group OutRight Action International has partnered with the Newday Impact Investing app. ...

La Trobe fined for misleading investors

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... invested in the fund would be 'stable'. The regulator took issue with the term 'stable', arguing it gave consumers the impression there could be no loss of capital. ASIC said La Trobe failed to express in a sufficiently prominent manner ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
... concerned that as a result of this conduct, some loans may have been granted by ANZ based on false information and some consumers may have entered into home loans that were beyond their ability to pay. "If banks are going to accept referrals of consumers ...

Retirement Income Covenant hits parliament

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... superannuation. "This will benefit 300,000 low-income Australians of whom approximately 63% are women," he said. Super Consumers Australia director Xavier O'Halloran commented that the covenant will finally put the onus on funds to contemplate how ...

ACCC not opposed to NAB, Citi deal

CHLOE WALKER  |  THURSDAY, 25 NOV 2021
... credit cards (known as white label partners), and consumer groups. "Credit cards continue to be an important product for consumers, despite increasing use of other unsecured lending products such as Buy Now, Pay Later," ACCC chair Rod Sims said. "However ...

Adviser jailed for illegal super access

KARREN VERGARA  |  WEDNESDAY, 24 NOV 2021
... the potential to lead to long-term hardship. ASIC will continue to take action to protect the superannuation assets of consumers."

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... impasse." Rowell highlighted how individual disability income insurance products have resulted in disastrous outcomes for consumers and insurers. She does not want to see super trustees designing products laden with unsustainable terms and conditions ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
... taxpayers' money nor force industry - and thereby ultimately other savers - to underwrite any and every investment that consumers choose to make."

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... this isn't being met by an equal surge in production - hamstrung by supply chain bottlenecks, prompting businesses and consumers to bid prices higher. But how's it going for Australia? The Australian Bureau of Statistics' (ABS) update on the country's ...