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Showing 861 - 870 of 7420 results for "Consumer"

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... online fraud. The majority ($58m) will help establish the National Anti-Scam Centre within the Australian Competition and Consumer Commission to improve scam data sharing across governmen

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
Former Courtenay House Investments contractor and promoter Athan Papoulias has been sentenced to two years' jail time for his role in the unlicensed financial services business. As part of his sentence, Papoulias will also complete 120 hours of community ...

ASIC revises IDR reporting framework

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
... August, will be about 260 firms. ASIC estimates these two tranches alone will account for more than 60% of the total consumer and small business complaints made. The remaining firms, mostly smaller entities, have until 29 February 2024 to report to ASIC. ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
The UK is planning to ban cold calling on all financial products as part of a broader strategy for tackling scams. In an announcement from prime minister Rishi Sunak, the government said it is going to stop scams before they reach people. In part, this ...

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 ...