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Showing 81 - 90 of 201 results for %22Loan Protection%22

Financial services not immune to public inquiry

KARREN VERGARA  |  TUESDAY, 25 JUL 2017
... product solutions and services for the needs of Australians in their retirement is vital for the financial prosperity, protection and wellbeing of our community," he added. Changing customer needs are creating new opportunities for growth in financial ...

Asset managers held to higher standard: FSC

EMMA RAPAPORT  |  THURSDAY, 20 JUL 2017
... disclosures will include, but not be limited to: remuneration policy, management of conflicts of interest, whistle-blower protection policy, and brokerage and commissions. Speaking at a media roundtable yesterday, FSC chief executive Sally Loane said ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
The Financial Services Council rolled out its Life Insurance Code of Practice, along with a new set of standardised medical definitions, on July 1. The new definitions for cancer, heart attack and stroke in trauma and critical illness policies were ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... products "at all costs" across the wider industry. "Why should a customer seeking advice from their bank or insurer about a home loan, credit card, personal loan or general insurance product not have the same ethical underpinning?" she said. Angrisano ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... customers," one complaint read. "The banks are a joke with no service high account fees and far too high interest rates on all loan accounts," read another. Noting the avalanche of complaints, Senator Ketter said Labor will continue to fight for a Royal ...

Productivity Commission proposes default super overhaul

EMMA RAPAPORT  |  WEDNESDAY, 29 MAR 2017
The Productivity Commission has released its anticipated draft report on alternative default models in superannuation, looking at ways to introduce more competition in a system where members do not exercise fund choice. The commission has developed ...

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
Some of the financial services industry's biggest players fronted the Parliamentary Joint Committee inquiry into life insurance on Friday. Financial Services Council chief executive Sally Loane faced the panel first, telling the Committee that any further ...

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... result of an internal error, which prevented a "large number of consumers" from receiving notifications of variations in their loan repayments and when their first direct debit defaulted. As a result, some consumers inadvertently defaulted on their loans. ...

ASIC approves world-first fintech exemptions

ALEX BURKE  |  THURSDAY, 15 DEC 2016
... with up to 100 retail clients, assuming the regulator is notified in advance and businesses meet "certain consumer protection conditions." ASIC commissioner John Price explained: "ASIC's fintech licensing exemption reflects our commitment to facilitating ...