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Showing 801 - 810 of 7420 results for "Consumer"

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... chief executive Peter King said. While the restructure primarily includes introducing dedicated group executives for consumer banking and business banking and creating an expanded shared services team, it will also see the closure of the Specialist Businesses ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
ClearView has copped an interim stop order on two of its life insurance products after ASIC found deficiencies in its Target Market Determination (TMD). The interim stop order applies to Clearview Life's ClearChoice Income Protection Cover and Accidental ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... observations that inflation was forecasted to remain above target for an extended period. "Members noted that several Consumer Price Index (CPI) categories for which inflation was typically quite persistent already had too high inflation, including rent ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
... members' needs. "Trustees must get the fundamentals right - their retirement income strategies must be designed with consumer needs in mind and be evidence-based. They need to be mindful that their members' needs evolve over time and commit to ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
The Australian Competition and Consumer Commission (ACCC) has outlined eight principles designed to combat greenwashing by businesses and protect consumers. The ACCC has published a draft guidance to address "concerning conduct" arising from a recent ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... investigating OpenAI, the artificial intelligence research firm that owns ChatGBT, to evaluate possible negligence and consumer harm. In a 20-page document sent to the Microsoft-backed AI firm, regulators demanded detailed records of OpenAI's policies ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... potential inflation problems. Also, the fact that consumers still have too much excess savings, is leading to excessive consumer spending, suggesting that the Reserve Bank of Australia (RBA) probably needs to hike rates again," Mousina said. Australia's ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... they don't take this opportunity to address weaknesses," she said. The FCA issued the warning as the UK ushers in the Consumer Duty, which comes into force on July 31. The mandate for all firms the FCA regulates is to essentially act to deliver good ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
... "Investment market returns have been better than we expected and economic growth has proved relatively resilient with consumer spending holding up well over the year," Delaney said. "We have also responded to a variety of significant investment challenges ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... opportunity to understand and consider the features of the insurance product they had been offered, resulting in poor consumer outcomes," she said. In 2019, ASIC consequently banned unsolicited cold call telephone sales of direct life insurance and consumer ...