Details for public hearings on ASIC’s responsible lending guidance announced

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ASIC will hold public hearings in Sydney on the 12th of August and Melbourne on the 19th of August. The hearings are part of the wider public consultation on ASIC’s guidance on the responsible lending obligations. It will allow ASIC to test particular issues raised in submissions. More information about the consultation, including the current Regulatory […]

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Doing the right thing by your customers: ASIC consults on lifting standards and transparency of complaints handling

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ASIC has initiated public consultation on new standards about how financial firms handle consumer and small business complaints. The proposed standards, which include new mandatory data reporting, will improve the way that consumer complaints are dealt with across the financial system and make firms’ complaints handling performance transparent. Financial firms will be required by ASIC […]

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‘Mind the gap’ – consumers confusing different types of financial advice

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ASIC has released new research revealing many consumers confuse ‘general’ and ‘personal’ advice exposing them to greater risk of poor financial decisions. The ASIC report, Financial advice: Mind the gap(REP 614), presents new independent research on consumer awareness and understanding of general and personal financial advice, identifying substantial gaps in consumer comprehension. “This disturbing gap in […]

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SMSF Association 2017 National Conference to put spotlight on wide-ranging super changes

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The premier event on the self-managed super fund calendar, the SMSF Association National Conference, will be in Melbourne from 15-17 February 2017. SMSF Association managing director/CEO Andrea Slattery said the timing for next year’s event, which is expected to attract a record number of delegates, could not be more opportune for delegates. “The recent passage […]

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Productivity Commission and industry to meet on natural disaster funding review

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The Productivity Commission will meet insurance industry leaders in a panel forum to discuss the future of natural disaster funding in Australia, the Australian and New Zealand Institute of Insurance and Finance (the Institute) has announced. The panel will follow the Commission’s preliminary report, which will be released this month. Karen Chester, the Commissioner responsible for […]

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