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Showing 781 - 790 of 3582 results for "Consumers"

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... exemptions allow the insurance industry to side-step the Royal Commission recommendations and are to the detriment of consumers. Commissioner Hayne recommended that the government implement an economy-wide deferred sales model for add on insurance products ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... found to have failed to provide those buying policies with accurate information about policy exclusions and to have led consumers to believe that the salesperson was calling from ANZ Bank with a special customer offer. OnePath, which is now owned by ...

SelfWealth to add crypto trading

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... ambitious product development roadmap that will see the platform expand into a "wealth creation platform" that lets retail consumers invest in, many different asset classes. "SelfWealth remains intent on providing an easy to use, low cost, high value ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... DDO. ASIC's RG 274 Product design and distribution obligations will come into effect in October and aims to help consumers obtain appropriate financial products by requiring issuers and distributors to have a "consumer-centric approach" to the design ...

ASIC announces advice affordability findings

KARREN VERGARA  |  TUESDAY, 6 JUL 2021
... concerns of financial advisers in making advice more affordable following its nine-month review. In an effort to provide consumers access to good quality and affordable financial advice, the corporate regulator unveiled its findings this month under ...

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
... traditional investments," ASIC said. The consultation, which closes on July 27, comes as Australian Competition and Consumers Commission data shows a rise in crypto scams. For the first five months of this year almost $27 million in losses from Bitcoin-related ...

UK bans crypto exchange Binance

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... biggest Bitcoin exchange and alt-coin cryptocurrency exchange in the world by volumes traded. However, the FCA has warned consumers to stay away. The regulator said it was aware that the company is offering UK consumers a range of products and services ...

AFA defends industry against Labor attack

KARREN VERGARA  |  MONDAY, 21 JUN 2021
... slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers. AFA acting chief executive Phil Anderson is calling for an end to the "persecution" of financial advisers, after hearing ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... carve outs provide incentives to unscrupulous providers to push high fee, under-performing products onto unsuspecting consumers. Many Australians could remain stapled to dud products for life and be none the wiser as their super fund won't be subject ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... industry's response to recent its consultations, including Consultation Paper 332 Promoting access to affordable advice for consumers (CP 332). "Industry has asked for shorter, simpler, and more user-friendly regulatory guidance from ASIC. As a result ...