Tag: Australia
Australian Regulator ‘Calls Time’ on Disclosure Reliance
A joint report released by Australian and Dutch regulators have spotlighted cases where financial services disclosure has been less effective than intended, ineffective or...
Loss of Perspective Troubling Advisers in Australia
A top business consultant in Australia says a growing number of advisers are starting to lose some key perspectives as they struggle to come...
Lack of Trust Remains an Issue
New consumer research released by Australian regulator, ASIC, has confirmed consumers see value in financial advice but that barriers, including the trust factor, prevent...
AMP Announces Transformational Strategy for Wealth Management
AMP has announced a three-year transformational strategy aiming to make a shift into a simpler, client-focused business that is higher growth and higher return.
AMP...
Australia Confirms Grandfathered Commission Ban Date
In Australia, legislation introduced into Parliament last week will ban the grandfathering of investment and superannuation commissions by 1 January 2021.
In a joint release...
Underinsured Aussies Turn to Crowd Funding
Australians are helping to support those without adequate life, income protection and TPD insurance resulting in an online crowdfunding boom, according to new research...
Kiwi Takes Up Helm at NAB
National Australia Bank has announced the appointment of Kiwi Ross McEwan as its new Group Chief Executive and Managing Director.
Born in Hastings and a...
ASIC Finds Consumer Credit Insurance Poor Value and Harming Consumers
Australian regulator ASIC’s review of the sale of consumer credit insurance (CCI) has found unacceptable sales practices, poor product design and significant remediation costs...
Genetic Testing Moratorium For Life Insurance in Australia
In Australia, genetic tests are no longer a barrier for consumers seeking life insurance, following the implementation of the Financial Services Council’s Moratorium on...