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Showing 831 - 840 of 3582 results for "Consumers"

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... Hughes said when financial institutions discover overcharging, they must take immediate action to remediate impacted consumers. "Financial services institutions need to have appropriate systems, governance and controls in place to ensure they deliver ...

Chief economist update: Positive feedback loop

BENJAMIN ONG  |  TUESDAY, 6 APR 2021
"Business is picking up as mandated restrictions seem to be easing and spring is right around the corner." "Higher levels of demand related to additional business reopening, and increased activity related to vaccination distribution." "Vaccination rates ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... between 2018 and 2020, investment scams jumped 67%. "In the wake of increasing scams, there have been efforts to sensitise consumers to be on the lookout," Finbold said. Investment management giant Vanguard was recently targeted by scammers, who bought ...

AMP sees 245% jump in consumer interest

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
AMP has reported a huge jump in the number of consumers visiting its website looking for free financial education articles. There was a 245% increase in total unique visitors to the AMP site, when comparing the first two months of 2020 to the first ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
Healthier consumers are happier consumers are spending consumers. US consumer confidence has rebounded to its highest level since the onset of the pandemic in America in March last year. This is hardly surprising with cases of coronavirus infections ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... on effect to the consumer," Hodge said. Pollinate head of society Pamela Souvlis shared similar sentiments and said consumers are not valuing a Statement of Advice and get a sense of trust from their advisers in other ways. "Consumers don't see it as ...

Morningstar releases DDO solution

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... released a new solution. "The most meaningful way to keep regulatory compliance costs low for industry participants and consumers is in the taxonomy used to describe a Target Market Determination (TMD)," Morningstar said. "Striving for common data standards ...

COVID-19 spurs robo-advice demand

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
The global pandemic has not only changed the way consumers buy goods and services, but also spurred stronger demand for robo-advice to help improve their financial wellbeing, a new survey finds. Software firm Oracle's Money and Machines 2021 report ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... products through licensees that are AFCA members. But he acknowledged there is still an access to justice problem for consumers - one that can probably only be solved by the compensation scheme of last resort coming into effect. "AFCA should provide ...

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... retirement. And we know that those who get financial advice achieve better financial outcomes." "The new regime will give consumers greater confidence to seek advice that will help with their financial goals, providing them with greater trust in the ...