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Showing 911 - 920 of 7373 results for "Consumer"

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... increases can be imposed to respond to a future deterioration in profitability, this reduces affordability and leads to poor consumer outcomes. "This will be further exacerbated by the lower household income and spending in a high inflation environment," ...

AAT overturns ban on former Spaceship chair

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... and into early 2019, Dortkamp failed to take the necessary steps in relation to a fault in the Spaceship super fund's consumer onboarding system in a timely way. The fault saw members assigned to the wrong super product and Dortkamp concluded it was ...

Perpetual promotes Anthony Aboud

ELIZABETH FRY  |  WEDNESDAY, 21 DEC 2022
... senior equities analyst. Sandberg will primarily cover large and small-cap companies across the property, discretionary consumer and consumer staples sectors. She joined three months ago from Bank of America Merrill Lynch, where she was a research analyst ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
Industry groups, consultants and research houses have reacted to findings about Australia's best and worst performing super funds. APRA heatmaps for MySuper products were released yesterday, exposing many sub-par products, but some in the industry ...

ASIC takes civil action against Firstmac

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... objectives. 'Under the design and distribution obligations, issuing and distributing financial products now requires a consumer-first mindset with genuine consideration of the likely objectives, financial situation and needs of consumers being targeted. ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
Former Perth financial adviser Rahul Goel has been sentenced to three years in prison for stealing over $35,000 from his clients' superannuation accounts. An ASIC investigation into Goel's misconduct found that between November 2018 and July 2019, the ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... due to the overrepresentation of financially vulnerable consumers accessing these products, leading to a higher risk of consumer harm. The report found that SACC lenders TMDs lacked detail in descriptions of their product and target market. While all ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
... claims calculations and payments. This follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance policy benefits. Already, ASIC has received breach reports from seven life insurers ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
... that all premium changes are made in accordance with the applicable documents that form the contract between insurer and consumer; that marketing material and other documents are not misleading; and continued compliance with their legal obligations ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
... information on the complainants right to go to AFCA entirely. It also said all trustees can improve the readability and consumer focus of their responses. Just three of the 10 trustees in Stage 2 present their IDR policies in a language other than English ...

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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