All posts tagged "consumer outcomes"
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281Australia & NZASIC Issues New Guidance on Product Design and Distribution
ASIC has identified behavioural levers that can influence consumer outcomes and situational vulnerabilities that can amplify poor outcomes.
June 28, 2022 -
437Australia & NZAustralia Consults on Regulatory Framework for Financial Advice
The consultation asks how fintech could help reduce financial advice costs and how to make advice more accessible, including through robo-advisers.
March 29, 2022 -
270Australia & 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 -
1.9KMalaysiaBNM 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 -
259Australia & 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 -
342Australia & 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 -
256Australia & 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 -
286Australia & NZ
Australia 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 -
206Australia & 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 -
290Australia & 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
