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Showing 71 - 80 of 201 results for %22Loan Protection%22

General advice "misleading": Productivity Commission

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2018
... general advice is like marketing; and personal advice is actually tailored to their situation and carries with it some protection against misuse," the report states. The Commission also stated that the Future of Financial Advice reforms have contributed ...

Institutional investors on the march in fixed income

DARREN SNYDER  |  WEDNESDAY, 31 JAN 2018
... the region, the primary objective of fixed income in their portfolios is capital appreciation, ranking above capital protection and income generation. This contrasts with European and North American retail investors, whose primarily objective is capital ...

ASIC accepts EU from Brisbane adviser

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
... the policy was sold to them (unless they elect to keep the cover in place). Together with its MTA Guaranteed Asset Protection (GAP) insurance that was also sold between 2009 and 2017, Suncorp will refund a total of 41,428 add-on insurance customers to ...

ASIC successfully files injunction against Melbourne advice provider

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2018
... unconscionable, alleging Financial Circle Pty Ltd breached the Corporations Act 2001, the National Consumer Credit Protection Act 2009 and the Australian Securities and Investments Commission Act 2001, including breaches of the best interests duty and ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
The Financial Services Council finalised the standard for life insurance approved product lists. From 1 July 2018, Australian financial service licencees who are members of the FSC will be required to include three or more life insurers on their APL. ...

Hollywood star supports FCA complaints campaign

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... Authority (FCA) has enlisted the help of a Hollywood superstar to alert consumers affected by the decade-long payment protection insurance (PPI) scandal to make a formal complaint as soon as possible. A campaign featuring Arnold Schwarzenegger is prompting ...

Government opens doors to offshore investment vehicles

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... the Johnson report's findings that Australia requires a framework providing flow-through tax treatment and investor protection while being more "internationally recognisable" than the country's existing managed investment scheme (MIS) trust-based structure. ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... about 65,000 customers, with an average refund of approximately $154 including interest. - Refund for some Home Loan Protection insurance customers - in 2016, CBA identified that some customers who had purchased Home Loan Protection insurance had been ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... refunding approximately $586,000 in premiums to about 10,000 customers after it over-insured these customers for Home Loan Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of premiums. ASIC deputy chair Peter ...

Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... proud of and the introduction of a life insurance code that significantly lifts accountability standards, service and protection for consumers is one testament to this. Officially launching today, the asset stewardship standard is another example of ...