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Showing 881 - 890 of 7472 results for "Consumer"

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 ...

Director banned for eight years

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
The director of investment manager Foxi Capital has been banned from providing financial services for eight years after it was found he lacked relevant qualifications and experience, and misled investors. Foxi Capital director and Responsible Entity ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... have instead materialised as unnecessary and unused documentation at best. Sadly though, some of these rules have led to consumer harm as advisers seek to protect themselves from their clients," he said. "With each superfluous rule, the cost of providing ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... will be more flexibility to how Financial Service Guides (FSGs) will be provided (Recommendation 10), while standardised consumer consent requirements will be introduced to classify a consumer as a wholesale or sophisticated client (accepted in principle ...

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... ASIC executive director financial services enforcement Tim Mullaly said: "ASIC is actively engaging with industry and consumer advocacy groups to raise awareness about the risks associated with unlicensed advisors and providing guidance on identifying ...

Growth, quality stocks to outperform: Podcast

CASSANDRA BALDINI  |  FRIDAY, 9 JUN 2023
... will flourish over the long term. "You need people to lose jobs for inflation to come down in such an economy because consumer sentiment is still very strong and the consumers are driving the market in places like the US at the moment," Taw said in the ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
The Financial Services Council (FSC) released an updated template Target Market Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global ...

Ignition Advice appoints Sally Loane as chair

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... gap," she said. Loane highlighted simplified regulation and innovation through digital tools while maintaining important consumer safeguards, will be crucial to improving affordability and access to financial advice. "There has never been a more important ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
... of important moves towards greater transparency and higher disclosure standards. Moves that benefit us all, from the consumer to the investor, to companies themselves - to say nothing of the planet." Longo referenced a recent ASIC report that summarised ...