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Showing 71 - 80 of 101 results for "Consumer Protections"

Retail funds cheer super board governance bill

LAURA MILLAN  |  THURSDAY, 17 SEP 2015
... retail super fund members the Financial Services Council (FSC) welcomed the reforms:A "They are sensible consumer protections which exist throughout corporate Australia, and which are supported by a broad range of consumer groups," chief executive Sally ...

Super funds clash on board independence

DARREN SNYDER  |  FRIDAY, 26 JUN 2015
... independent directors and an independent chair. "We urge the parliament to pass these reforms to strengthen consumer protections in the superannuation industry and which aim to prevent any conflicts of interests," Loane said. An FSC statement said independent ...

Advice not just compliance: Centrepoint

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... obsessed with "[their] own processes rather than the needs of clients." "We need to embrace the FOFA changes to consumer protections, remuneration, conflicts of interest and justification for product recommendations. However, effective compliance will ...

Banking and super groups back parliamentary recommendations

DARREN SNYDER  |  FRIDAY, 8 MAY 2015
... Association chief executive, Steve Munchenberg, said the industry is committed to higher standards and stronger consumer protections. "The government's proposed reforms build on the significant changes that have resulted from the Future of Financial ...

Hockey launches Serious Financial Crime Taskforce

LAURA MILLAN  |  TUESDAY, 5 MAY 2015
... Trustees (AIST) welcomed the Treasurer's announcement. Chief executive Tom Garcia said that "it's important that consumer protections are underpinned by a strong investigative body that will investigate and prosecute those committing superannuation frauds ...

UK pension funds required to warn consumers

STAFF WRITER  |  WEDNESDAY, 28 JAN 2015
... complex product information and enticed to select inappropriate products, the government has included a raft of consumer protections. A statement from the FCA said: "Under these protection rules firms will be required to ask consumers about key aspects ...

Government repeals Palmer FoFA changes

LAURA MILLAN  |  WEDNESDAY, 17 DEC 2014
... changes put forward were already a requirement, and therefore a duplication. To this end, the appropriate consumer protections remain in place." The Association of Financial Advisers (AFA) chief executive Brad Fox said: "We welcome these two developments ...

Labor asks for bipartisan consensus on FSI super issues

LAURA MILLAN  |  MONDAY, 8 DEC 2014
... that "the Murray Inquiry recommendations are a big warning sign to the government on their pursuit of weaker consumer protections in the financial advice sector." He added that "the best way of getting to the bottom of these failures and driving change ...

Coalition secures PUP support on FoFA vote

LAURA MILLAN  |  THURSDAY, 2 OCT 2014
... quality financial advice by removing unnecessary and costly red tape, while maintaining all the important consumer protections that matter for consumers. "Our goal as a Government remains to ensure we have a robust but efficient financial services regulatory ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... Greens' Senator Peter Wish-Wilson tabled a second dissenting report arguing that the FSI is also looking at "consumer protections in the financial industry." "It is reasonable that this legislation should not be brought to Parliament until David Murray ...