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Showing 81 - 90 of 101 results for "Consumer Protections"

Advisers must attend ethics classes, say ISA and AIST

JAMES FERNYHOUGH  |  WEDNESDAY, 10 SEP 2014
... the financial advice industry is in tatters. Improved educational standards are important, but iron-clad consumer protections that remove conflicts of interest are the foundation for community trust." AIST chief executive Tom Garcia, who worked in financial ...

ISA targets 'sales incentives' in new ad campaign

JAMES FERNYHOUGH  |  MONDAY, 1 SEP 2014
... planning scandals at two prominent banks, the banks have successfully lobbied the Government to water down consumer protections in financial advice, including the requirement for financial advisers to act in their client's best interests and to bring ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... that the most viable option would be "if the crossbenchers had a change of heart and realised that weakening consumer protections does not help Australians." He added that "it's too early to say" what would happen if PUP senators and Muir didn't change ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
... consumers." The Association of Financial Advisers (AFA) agreed and said that the amendments would increase consumer protections. "The prospect of having the FoFA Amendments regulations disallowed in the Senate, as a result of a vigorous campaign of misinformation ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
... over five million members, trusts that the Australian Senate will disallow the regulations that will reduce consumer protections in financial advice." "These changes were lobbied for by the banks and financial planners, including the Commonwealth Bank," ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
... unnecessary and costly red tape, which is pushing up the cost of advice without proportionate improvements in consumer protections and deal with some of the unintended consequences of Labor's changes where that is necessary to maintain competition in ...

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... the inquiry into the financial advice law that later resulted into FoFA, criticised the alleged removal of consumer protections and of the opt-in arrangement. "The Liberals are removing consumer protections in financial advice No opt-in means people ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... and industry super funds" and noted that "the majority report of the committee has endorsed removing key consumer protections." The organisation representing some industry super funds said that the best interest duty has been diluted "by introducing ...

Senate FoFA conclusions expected today

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... changes to FoFA, which were made public in January 2014, raised concerns that the amended law would lower consumer protections and would bring back commissions in financial advice. All financial planning groups are asking for the legislation to specifically ...

FoFA changes to cost consumers millions

JAMES FERNYHOUGH  |  THURSDAY, 22 MAY 2014
... executive David Whiteley said: "The report debunks any claims by the banks and financial planners that cutting consumer protections will reduce the cost of advice. The reality is that cutting consumer protections just increases commissions and fees paid ...