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Showing 921 - 930 of 7373 results for "Consumer"

ALRC should prioritise advice regulations: FPA

CASSANDRA BALDINI  |  THURSDAY, 8 DEC 2022
The Financial Planning Association of Australia (FPA) has said the Australian Law Reform Commission (ALRC) should prioritise advice regulations in its ongoing review of financial services law. In its latest submission to the ALRC review of the Legislative ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
OnePath Life will face ASIC in Federal Court over failures while handling a mental health claim. In 2016 a customer took out an income protection policy with OnePath Life through an ANZ financial adviser based in Grafton, New South Wales. OnePath Life ...

RBA set to lift the cash rate again

ANDREW MCKEAN  |  TUESDAY, 6 DEC 2022
... experts believe the cash rate will grow to 3.1% in December, which would be an eighth consecutive rate rise. Finder head of consumer research Graham Cook said it's almost certain that the Reserve Bank of Australia (RBA) will deliver another blow which ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... despite this, Amex continued to issue the credit cards until July. ASIC deputy chair Sarah Court said the DDO embeds a consumer-centric approach for the issuers and distributors of financial products. "Product providers must monitor and review whether ...

ASIC hands out more interim stop orders

CHLOE WALKER  |  MONDAY, 5 DEC 2022
In a bid to protect retail investors from funds that may not be suitable for their financial objectives, situation or needs, the corporate regulator has placed interim stop orders on both Australian Fiduciaries Limited (AFL) and APS Savings Limited ...

UK regulator looks to simplify advice

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2022
... to provide advice on mainstream products would be reduced and the client fact find would also be simplified. The same consumer protections would apply under the new regime as they do to holistic advice. "We expect that these changes, along with the Consumer ...

Millions of retirees will benefit from QAR

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
The Quality of Advice Review's (QAR) proposals will help an additional two million retirees spend $22.5 billion more and leave $6 billion less in bequests annually by the year 2040. According to data released by the Financial Services Council (FSC) ...

Still potential for dividends growth: Ausbil

CASSANDRA BALDINI  |  TUESDAY, 29 NOV 2022
... their business models," he added. "Some 'all-weather' dividend payers in the telco and health care sectors, and also in consumer staples, are expected to deliver better-than market dividend outcomes." Price concluded that select real estate investment ...

Hostplus defies inflation fears

ELIZABETH FRY  |  MONDAY, 28 NOV 2022
One of Sam Sicilia's pet themes is that the forces of technology are deflationary, and they will inevitably kick in to be a dominant influence. The Hostplus investment chief has been on this tear for some time and hasn't changed his mind despite ...

Chuck out Chapter 7: Broome

CHLOE WALKER  |  THURSDAY, 24 NOV 2022
Ex-FPA chair Marisa Broome believes that when it comes to regulation for advisers, Chapter 7 of the Corporations Act is not fit for purpose. Addressing the crowd at the FPA Congress 2022, Broome said that for 90% of what she does as a planner, she doesn't ...