Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 821 - 830 of 7376 results for "Consumer"

FAAA suggests adviser pathway tweaks

CHLOE WALKER  |  FRIDAY, 5 MAY 2023
The Financial Advice Association Australia (FAAA) has supported the government's experienced adviser pathway proposal, though suggests the measure be better targeted. The proposal, opened to consultation last month, seeks to clarify the educational ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... distribution obligations are a game changer for consumers and retail investors," concluded Chester. "Companies need to take a consumer-centric mindset across a financial product's lifecycle, the DDO interim stop orders have become a go-to regulatory ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
From 1 July 2026 employers will be required to pay their employees' super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... who scrutinised her proposals following the report's release to industry in February. She specifically referred to consumer bodies who responded by calling the report a "disaster" and said the recommendations would lead to the next Royal Commission. ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
ASIC has updated breach reporting procedures in the hope that it can help reduce regulatory burdens for financial advisers. The corporate watchdog detailed several changes to Regulatory Guide 78 Breach reporting by AFS licensees and credit licensees ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
... commit to all APRA-regulated funds being tested in the retirement phase from this year. "The government needs to upgrade consumer protections, so members are only stapled to the best funds, who have passed the performance tests," ISA deputy chief executive ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
The Australian Bureau of Statistics (ABS) has reported a decrease in inflation, with the Consumer Price Index (CPI) falling to 7% in the March quarter. ABS head of prices statistics Michelle Marquardt attributed the decrease in inflation to a fall in ...

MAX Awards 2023: Get voting

CASSANDRA BALDINI  |  MONDAY, 24 APR 2023
Votes are flowing for the finalists of the 2023 Financial Standard MAX Awards - be sure to make yours count. Now in its 29th year, the MAX Awards seek to recognise individuals, teams and organisations in the financial services industry excelling in ...

Finalists announced in 2023 MAX Awards

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
The finalists for the 29th annual Financial Standard MAX Awards have been named, with voting now open until May 5. The Financial Standard MAX Awards highlight individuals, teams and organisations in the financial services industry excelling in the fields ...

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
To avoid disincentivising Australians saving more for retirement, the Financial Advice Association Australia (FAAA) urges the federal government to decrease the proposed 30% tax rate for superannuation balances that exceed $3 million. This is in response ...