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Showing 841 - 850 of 3582 results for "Consumers"

ASIC bans adviser over dodgy super consolidation

ELIZABETH MCARTHUR  |  MONDAY, 15 MAR 2021
... also the sole director, responsible manager, and key person for. ASIC found Bhandari acted dishonestly in assisting consumers to find and consolidate their super and to obtain hardship payments. The regulator claims Bhandari told consumers to make false ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
Services are popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
... COVID-related complaints it received by helping individuals and financial firms reach an agreement. "It's vital that consumers and financial service providers work together to resolve issues quickly," Untersteiner said.

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... while construction, personal services and transport conditions continue to lag". Confident businesses beget confident consumers (through the labour market), making the jump in consumer confidence hardly a surprise. The Westpac-Melbourne Institute index ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... core principle in the relationship insurers have with their policyholders. It fundamentally underpins the trust which consumers place in their insurers." Chief Justice Allsop found TAL, on receiving the claim, did not tell the policyholder that it was ...

Iress to deliver DDO solution

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... Obligations (DDO), commencing 5 October 2021. ASIC's RG 274 Product design and distribution obligations aims to help consumers obtain appropriate financial products by requiring issuers and distributors to have a "consumer-centric approach" to the ...

Australia to echo UK advice growth

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... leaving the space. However, after a two to three-year period, the industry in the UK became more efficient with more consumers seeking advice. Intelliflo international business development director Johann Koch said the company expects Australia to follow ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... a logical reaction. Higher interest rates lead to higher borrowing costs - for governments, companies, investors and consumers - lower stock market valuations and increased attraction to (now) higher yielding bonds relative to undulating company stock ...

ACCC merger reforms may impact super industry

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... remains fit for purpose and, in particular, whether it is achieving the balance required to ensure good outcomes for consumers and the economy," Sims said. "Increasingly the uncertainty inherent in the forward-looking merger test has become a reason ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... Members of merged superannuation funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at eight ...