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Showing 1051 - 1060 of 3582 results for "Consumers"

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... regulatory objectives," Rowell said. "Given clear evidence that existing frameworks have been driving poor outcomes for consumers, and also entities themselves, the status quo is not an option." Rowell added that the regulator does recognise the genuine ...

Australian ETF industry competition heats up

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... to calculate how open a market is and to determine if potential mergers could stifle competition and potentially harm consumers, Dyall said. It ranks entities in four categories, in decreasing order of market competitiveness: highly competitive (score ...

CommInsure income protection off the menu

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
... unemployment benefit, which is a CommInsure Protection feature. AIA said this is to deliver the best of both product sets to consumers. "AIA will support current CommInsure Protection policyholders with the full range of customer service and support ...

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
... institutionally aligned and owned licensees to privately owned licensees at unprecedented rates. "Advice delivery is changing as consumers demand different engagement and service options," Netwealth said. "Netwealth is leading the market in moving towards ...

Chief economist update: Japan fails to learn from history (yet again)

BENJAMIN ONG  |  TUESDAY, 18 FEB 2020
... country's economic growth and prices. Consumption spiked before the tax was lifted from 3% to 5% back in April 1997 as consumers brought forward purchases ahead of the hike... and then it slumped. The same thing happened when the tax on consumption ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
... investments and credit. Following the Royal Commission, the government committed to establishing the CSLR so as to ensure consumers and small businesses would receive compensation where due; where a financial service provider is found to have engaged ...

Chief economist update: COVID-19 could hit Australia with triple whammy

BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
... slowed, if not completely frozen, economic activity in the country. But even without the government-mandated lockdown, consumers are staying home on their own volition for fear of being infected. This would dramatically impact revenues of restaurants ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
... 2019. It is likely that the Reserve Bank of Australia's (RBA) optimism has infected sentiment among businesses and consumers. Recall RBA Governor Philip Lowe's statement at the conclusion of its February 4 meeting: "The central scenario is for ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... arrangements, with ensuring benefits for those members targeted by the PYSP reforms," she said. Xavier O'Halloran, Super Consumers Australia director has called on superannuation funds to do more to inform customers appropriately. "Superannuation ...

Calls for disability insurance reform

ELIZA BAVIN  |  MONDAY, 10 FEB 2020
... income insurance in its current form, and suggests the potential for market failure. "That raises real concerns for consumers, and the broader community, about future access to affordable DII cover," he said. The KPMG report said individual disability ...