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Showing 841 - 850 of 7471 results for "Consumer"

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
In launching legal proceedings against eToro, the regulator said it's going after the top dog in the contract for difference (CFD) market to send a message to the industry about the importance of the design and distribution obligations (DDO). During ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... company's imperative to devise a solution that not only adhered to regulatory standards and Islamic mandates but also meets consumer demands. "You don't want to create a product that meets regulatory and Islamic requirements, but then fails to ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... unlikely to be consistent with their investment objectives, financial situation and needs, resulting in significant risk of consumer harm. The regulator alleges that between 5 October 2021 and 14 June 2023, almost 20,000 eToro clients lost money trading ...

Goldman Sachs launches global infra feeder fund for Aussie investors

CASSANDRA BALDINI  |  MONDAY, 31 JUL 2023
... are investing in the new energy transition opportunities; utility scale battery storage, renewable gas generation, pre-consumer waste to renewable gas," he said. Similarly, Camu pointed out that recent valuations in digital infrastructure have been high ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... approach in determining the extent of additional policy firming that may be appropriate. According to Powell, growth in consumer spending appeared to have slowed from earlier in the year but the labour market remained very tight. "Over the past three ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
The Consumer Price Index (CPI) has softened to 6%, however a further rate hike in August is not off the table. The Australian Bureaus of Statistics (ABS) said headline inflation was lower than the 7% annual rise in March, marking the second consecutive ...

Recession risk is receding: Natixis IM

CHLOE WALKER  |  WEDNESDAY, 26 JUL 2023
... off, but we aren't through the woods yet," Natixis IM head of global market strategy Mabrouk Chetouane said. "Strong consumer spending, inflated cost of services, and geopolitical tensions may keep inflation lingering for longer which will result ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
Two years after announcing its major digital overhaul, Aware Super has reported tangible benefits from its transition to the Bravura Sonata Alta platform. Aware Super chief executive Deanne Stewart noted the move, initially driven by the need to consolidate ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
ASIC has lifted its interim stop order after ClearView swiftly amended the deficiencies in its Target Market Determination (TMD). The interim stop order applied to Clearview Life's ClearChoice Income Protection Cover and Accidental Income Protection ...