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Showing 61 - 70 of 612 results for %22Consumer Choice%22

The dark side of super switching: Research

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... associated with the ease of online switching access now available to the average super member, combined with heightened consumer awareness of fluctuations in financial markets, fuelled by media coverage through the pandemic. In terms of demographics ...

Industry fund cuts premiums

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... required in the claimant's occupation. The Activities of Daily Living assessment in TPD has been criticised for years by consumer advocates, including Choice, and regulators as far too narrow. Under the Activities of Daily Working definition, REI Super ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
... increased supervisory powers in superannuation at the event, ASIC chair John Longo spoke of trustees causing significant consumer harm. Misconduct ASIC has exposed since its role expanded to cover super from 1 January 2021 include trustees misleading ...

End of the road for Dollarmites

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... Securities and Investments Commission (ASIC) and subsequent decisions by some state and territory governments to take that choice away from individual schools and parents," CBA group executive of retail banking services Angus Sullivan said. "For 90 years ...

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... and investment decisions by code or smart contracts. "It is a very forward-looking inclusion in giving customers greater choice and will be hugely advantageous for reasserting Australia's position as a centre of innovation. We commend Senator Bragg's ...

ASIC eyes employee super fund choice

KARREN VERGARA  |  MONDAY, 18 OCT 2021
... review this financial year on how trustees abide by its requirements and may consider action where misconduct causing consumer harm is identified. ASIC commissioner Danielle Press said it is important that employers do not take steps that are inconsistent ...

Industry calls for expanded CSLR

ANNABELLE DICKSON  |  WEDNESDAY, 6 OCT 2021
Professional associations and consumer groups have banded together to lobby for a stronger compensation scheme of last resort ahead of its expected legislation in the coming weeks. The Financial Planning Association of Australia, Association of Financial ...

New super fund prepares for launch

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
... attributes but aims to do so at a lower cost. "We believe that by offering greater choice, transparency and control with a consumer-led and financial adviser proposition, we can help address the current difficulties Australians face with their super," ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
ASIC says it will be watching that super funds don't force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper ...

Why are YFYS test scores a secret?

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... to learn and open to improve. Next year we're going to have to do it not for 80 MySuper products but for maybe 1000 choice products so you know we are interested in how we're going to run this again next year and what we could do differently," ...