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Showing 81 - 90 of 258 results for "scam"

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA | FRIDAY, 28 JUL 2023

... accounts had the lion's share of the total complaints (13,781), overtaking credit cards (10,555). AFCA received 6048 scam-related complaints, a 46% rise on the previous year, averaging 504 complaints a month. All in all, $253.81 million in compensation ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI | THURSDAY, 8 JUN 2023

Archaic payment systems could soon be a thing of the past following government plans to wind down outdated methods like cheques. Treasurer Jim Chalmers handed down a five-point strategic plan yesterday in front of the Australian Banking Association ...

Melissa Caddick declared dead by coroner

JAMIE WILLIAMSON | FRIDAY, 26 MAY 2023

The fraudster who purported to be a financial adviser to scam upwards of $23 million out of family and friends is likely dead, the inquest has found. That was the key finding delivered by the NSW Coroner yesterday, though the nature of her demise could ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN | WEDNESDAY, 17 MAY 2023

A global technology and HR consultancy is urging superannuation funds to shift to experience-led organisations, amid changing member expectations. Bharat Bathi, the lead of Wipro HR Services' retirement services division, says "it's not an option ...

Federal budget 2023: Winners and losers

TOM WATSON | TUESDAY, 9 MAY 2023

... years, starting in September. It will also look to strengthen regulations around e-cigarettes and vaping. Scammers: With scam losses reaching $3.1 billion in 2022, the government will aim to crack down on scammers with $58 million in funding for a National ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA | TUESDAY, 9 MAY 2023

... package that Chalmers dedicated to combatting scams and online fraud. The majority ($58m) will help establish the National Anti-Scam Centre within the Australian Competition and Consumer Commission to improve scam data sharing across governmen

UK to ban cold calling on all financial products

JAMIE WILLIAMSON | FRIDAY, 5 MAY 2023

... way, the UK government said, anybody who receives a phone call about a financial product will know right away that it's a scam. Fraud costs the UK government about $13 billion a year, accounting for more than 40% of all crime. "Our plan will help protect ...

AFCA chief to serve second term

JAMIE WILLIAMSON | THURSDAY, 13 APR 2023

David Locke has been reappointed as chief executive and chief ombudsman of the Australian Financial Complaints Authority, as the body marks $1 billion in compensation delivered to consumers since its inception. Locke will serve a second five-year term ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN | FRIDAY, 31 MAR 2023

... called for regulators to establish rules related to marketing high-risk products and to create consumer helplines, and anti-scam campaigns. It also advocated for the use of tools to better identify firms' compliance with climate disclosure standards ...

We need to be ready: APRA

CASSANDRA BALDINI | WEDNESDAY, 29 MAR 2023

... plan," he said. The final limb, Jones said, is rectification. "I do not support a blanket rule to pile all the impost of scam recovery onto our banks in all cases. It is not good enough to let scammers run wild and leave the banks to wear the costs," ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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