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Showing 61 - 70 of 3273 results for "Consumers"

ASIC to crack down on superannuation misconduct

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... quarter saw ASIC achieve strong results in court and file significant matters that go toward our ongoing work to protect consumers," ASIC chair Joe Longo said. "Our focus on the best interests of members in the superannuation sector is part of our continuing ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... the near future," Antil said. However, Antil also affirmed that any reduction to the average fees is a good result for consumers. "We should encourage a healthy and competitive superannuation market that continues to put downward pressure on fees," she ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... said will provide legal certainty around removing onerous red tape that adds to the cost of advice with no benefit to consumers. Advisers can expect the streamline of ongoing fee renewal and consent requirements, including removing the requirement to ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... without proper disclosure of the specific period in question. ASIC contends that HESTA's marketing could have led consumers to assume the performance figures were current, whereas the 10-year period used to calculate those figures had actually concluded ...

Sterling Income Trust executives charged

CHLOE WALKER  |  MONDAY, 6 NOV 2023
... senate committee handed down an inquiry report into the SIT and urged ASIC to take more action in a "bid to protect consumers." "ASIC acknowledges the great distress, financial and emotional, the collapse of the Sterling Group and SIT has caused to many ...

Dispute resolution failures land TelstraSuper in Federal Court

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... put into practice. Financial service providers need to prioritise dispute resolution procedures to properly protect consumers." TelstraSuper declined to comment further to Financial Standard' s request for more details as to how the alleged failures ...

Will HNW firms re-enter retail advice?

KARREN VERGARA  |  WEDNESDAY, 1 NOV 2023
... Steps and Best Interest Duty. "We're really excited by the fact that the new legislation will focus on clients and consumers, rather than ensuring that we are, kind of, controlling advice providers," Lykouras said. She added that JBWere is looking ...

ASIC loses case against Diversa

JAMIE WILLIAMSON  |  TUESDAY, 24 OCT 2023
... respect," it said. Bhandari was permanently banned by ASIC in 2021 after he was found to have acted dishonestly in helping consumers locate their multiple super funds and consolidate them, as well as in obtaining hardship payments. At the time he was ...

Mass-affluent population key to insurer sustainability: Report

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... relevant amid the great wealth transfer, Capgemini said. The report suggests insurers prioritise affluent and mass-affluent consumers who hold about 39% of global wealth and account for about 20% of the ageing population. Someone categorised as "affluent" ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... people buying death and disability income insurance policies through advisers," Cummings said. "The economic pressures on consumers and rise in premium costs has contributed to lapse rates starting to increase. Having said that, the lapse rates in 2022 ...