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Showing 821 - 830 of 7420 results for "Consumer"

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
Financial advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ...

Centuria looks to grow WA portfolio

CHLOE WALKER  |  FRIDAY, 23 JUN 2023
The latest purchase of a $16 million Busselton neighbourhood shopping centre reflects the group's increased focus on the golden state, according to head of retail Bruce McCully. The daily needs neighbourhood shopping centre is anchored by a Coles ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... generally applicable to other financial service providers, and improve advice outcomes. The report also seeks to overhaul consumer protection laws so that they are easy to navigate. Consumers would then be able to understand their core rights and remedies ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
Despite an eventful first half of the year, the US economy has been surprisingly resilient, according to Capital Group economist Robert Lind. Addressing the audience at Capital Group's global mid-year investor outlook presentation, Lind said this is ...

ASIC flags AI regulation remit

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
ASIC flagged it will take a formidable role in regulating how artificial intelligence will impact the securities and corporate sectors. ASIC chair Joe Longo unveiled much of the regulator's agenda in the short term, with AI taking up a "high and important ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... communication (including the Code of Ethics); and financial advice construction - the suitability of advice aligned to different consumer groups, incorporating consumer behaviour and decision making. The next exam sitting will be held on August 10. Enrolments ...

Labor advances super performance test changes

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... products, fearing that the results will end up wrong. If applied in its current form, this will "result in significant consumer confusion and harm for many Australians who have made an active decision about how to invest their retirement savings," AMP ...

ANZ reaches agreement with QLD government over Suncorp

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... agreement marks the next step in ANZ's plan to acquire Suncorp Bank despite concerns raised by the Australian Competition and Consumer Commission (ACCC). Under the implementation agreement, ANZ will establish a new major tech hub in Brisbane for technology ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
The independent body tasked with reviewing the competency of APRA and ASIC has released a list of draft metrics it will use to measure the regulators against and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has ...