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Showing 891 - 900 of 3582 results for "Consumers"

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... "This case re-affirms that clear, unambiguous language in a contract will be enforced," he said. "It is good news for consumers. Insurers cannot get out of paying claims by referring to outdated legislation." The test case was brought by AFCA on behalf ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
... underemployment rate. We would have seen negative wages growth otherwise. Continued, albeit slowing growth in wages means that consumers still have money to spend and with the recovery in consumer sentiment, spend they will. The latest Westpac-Melbourne ...

Fidante signs on new partner

KANIKA SOOD  |  WEDNESDAY, 18 NOV 2020
... Asia. Demand for premium foods in Asia is stronger than ever, primarily driven by a new generation of higher income consumers who are hyper connected through the Internet and increasingly prioritising health and sustainability." Protera Asia managing ...

ASIC opens consultation on scaled advice

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... advice. As previously announced last month, ASIC's latest consultation paper, Promoting access to affordable advice for consumers, is looking to explore the issues relating to the supply of good quality affordable advice and what steps can be taken for ...

ASIC sounds the alarm on buy-now-pay-later

KANIKA SOOD  |  MONDAY, 16 NOV 2020
... "Buy now pay later arrangements are clearly popular as a payment method. While working for the majority of users, some consumers are suffering harm," ASIC said in a statement. "There are regulatory changes coming that will impact the industry, with the ...

RC recommendations closer to legislation

KARREN VERGARA  |  FRIDAY, 13 NOV 2020
... such as ClearView from the Royal Commission found that the existing anti-hawking provisions do not effectively protect consumers from harm, and exposed the widespread practice of selling super and insurance products that do not meet their needs. Tighter ...

APRA eases hard caps in revamped executive pay

KANIKA SOOD  |  THURSDAY, 12 NOV 2020
... Prudential Standard CPS 511 Remuneration (revised CPS 511). The non-financial measures (like potential detriment to consumers) were a focus at the Banking Royal Commission, which eventually made three recommendations on the subject. What qualifies as ...

AIST pokes holes in Your Super, Your Choice

JAMIE WILLIAMSON  |  THURSDAY, 12 NOV 2020
... performance comparisons should include all fees to provide an overall net outcome measure. "This will avoid confusing consumers and give them an accurate basis for comparison. This is in line with the Productivity Commission approach which included administration ...

Financial services complaints rise

ELIZA BAVIN  |  MONDAY, 9 NOV 2020
... majority of complaints quickly, with complaints taking an average of 73 days to reach an outcome. "Speedy resolution allows consumers to get on with their lives, and AFCA's process is designed to support all parties to a complaint to reach an agreement ...

Ares bids for AMP

ELIZA BAVIN  |  FRIDAY, 30 OCT 2020
... products have been thoroughly disrupted." Sodhi said the selling of AMP should be viewed as a positive for the industry and consumers. "It shows what happens when big brands milk their profits too gleefully without regard to the value they are providing," ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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