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Showing 781 - 790 of 7375 results for "Consumer"

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 ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... products, fearing that the results will end up wrong. If applied in its current form, this will "result in significant consumer confusion and harm for many Australians who have made an active decision about how to invest their retirement savings," AMP ...

ANZ reaches agreement with QLD government over Suncorp

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... agreement marks the next step in ANZ's plan to acquire Suncorp Bank despite concerns raised by the Australian Competition and Consumer Commission (ACCC). Under the implementation agreement, ANZ will establish a new major tech hub in Brisbane for technology ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
The independent body tasked with reviewing the competency of APRA and ASIC has released a list of draft metrics it will use to measure the regulators against and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
The director of investment manager Foxi Capital has been banned from providing financial services for eight years after it was found he lacked relevant qualifications and experience, and misled investors. Foxi Capital director and Responsible Entity ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... have instead materialised as unnecessary and unused documentation at best. Sadly though, some of these rules have led to consumer harm as advisers seek to protect themselves from their clients," he said. "With each superfluous rule, the cost of providing ...

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

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... will be more flexibility to how Financial Service Guides (FSGs) will be provided (Recommendation 10), while standardised consumer consent requirements will be introduced to classify a consumer as a wholesale or sophisticated client (accepted in principle ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... ASIC executive director financial services enforcement Tim Mullaly said: "ASIC is actively engaging with industry and consumer advocacy groups to raise awareness about the risks associated with unlicensed advisors and providing guidance on identifying ...

Growth, quality stocks to outperform: Podcast

CASSANDRA BALDINI  |  FRIDAY, 9 JUN 2023
... will flourish over the long term. "You need people to lose jobs for inflation to come down in such an economy because consumer sentiment is still very strong and the consumers are driving the market in places like the US at the moment," Taw said in the ...