All posts tagged "consumer outcomes"
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138Australia & NZASIC Publishes Final Guidance on Anti Hawking Regime
The guidance emphasises the need for firms to maintain records of consumers giving consent to be sold financial products as a way to demonstrate compliance.
September 24, 2021 -
412MalaysiaBNM to Raise Standards for Bank Sales of Insurance, Takaful Products
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021 -
165Australia & NZ
ASIC Offers Guidance on Deferred Sales Model for Add-on Insurance
Starting on 5 October, a four-day pause will be introduced between the sale of a principal product or service and the sale of add-on insurance.
August 2, 2021 -
198Australia & NZAustralia: Industry Body Seeks Greater Clarity on Crypto Regulation
Blockchain Australia has asked for safe harbour to be provided to ensure regulatory action will not be taken against crypto businesses where the law is unclear.
July 30, 2021 -
135Australia & NZASIC to Update Guidance on Anti-hawking Regime
The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.
July 23, 2021 -
165Australia & NZAustralia Passes Bill to Enhance Financial Advice Fee Disclosures
Financial advisers will have to provide clients an annual, forward-looking summary of fees and corresponding services, in addition to existing disclosures.
March 2, 2021 -
144Australia & NZ
ASIC Outlines Approach to Regulating Superannuation Trustees
ASIC’s Jane Eccleston says trustees of non-public offer funds need to apply for an AFS licence or vary their existing licences by 30 April 2021.
February 15, 2021 -
240Australia & NZ
ASIC to Update Regulatory Guide on Consumer Remediation
There are opportunities for firms to identify issues that can lead to remediations earlier, and to ensure remediation payments are made more quickly and fairly.
December 8, 2020 -
693Australia & NZ
‘Buy Now Pay Later’ Consumers Suffering Harm: ASIC
About 20% of consumers cut back on or went without essentials such as meals in the last 12 months in order to make their buy now pay later payments.
November 17, 2020 -
366Australia & NZ
ASIC Urges More Progress to Improve Insurance in Superannuation
ASIC has observed improvements by a "significant number of trustees" as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.
December 18, 2019
