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Showing 771 - 780 of 7373 results for "Consumer"

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... responsibility to secure incoming funds for products in specific, prescribed manners. This is essential to safeguarding a consumer's money until such time as a product is issued to them or their existing product receives an increase, she said. Notwithstanding ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
An academic has raised concerns about the impact anti-hawking laws will have on superannuation funds' ability to provide financial advice amid the federal government's proposal to open advice to other channels. Anthony Asher, an associate professor ...

Fidante partners with Proterra Asia

CASSANDRA BALDINI  |  TUESDAY, 27 JUN 2023
Challenger's multi-affiliate has entered a strategic partnership with Proterra Investment Partners Asia via a minority stake. Fidante said the private equity investor, which focuses on the Asian food and agribusiness sectors, aligns with its overarching ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
Financial advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...

Centuria looks to grow WA portfolio

CHLOE WALKER  |  FRIDAY, 23 JUN 2023
The latest purchase of a $16 million Busselton neighbourhood shopping centre reflects the group's increased focus on the golden state, according to head of retail Bruce McCully. The daily needs neighbourhood shopping centre is anchored by a Coles ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... generally applicable to other financial service providers, and improve advice outcomes. The report also seeks to overhaul consumer protection laws so that they are easy to navigate. Consumers would then be able to understand their core rights and remedies ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Despite an eventful first half of the year, the US economy has been surprisingly resilient, according to Capital Group economist Robert Lind. Addressing the audience at Capital Group's global mid-year investor outlook presentation, Lind said this is ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
ASIC flagged it will take a formidable role in regulating how artificial intelligence will impact the securities and corporate sectors. ASIC chair Joe Longo unveiled much of the regulator's agenda in the short term, with AI taking up a "high and important ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... communication (including the Code of Ethics); and financial advice construction - the suitability of advice aligned to different consumer groups, incorporating consumer behaviour and decision making. The next exam sitting will be held on August 10. Enrolments ...