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Showing 1241 - 1250 of 3583 results for "Consumers"

Chief economist update: China stitches it in time

BENJAMIN ONG  |  TUESDAY, 2 APR 2019
... certainly help)." And if that's not enough, authoritarian China would also persuade (?) financial institutions to lend, consumers to consume, businesses to borrow, etcetera, or heads will roll... literally.

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
ASIC has released a new report saying consumers are confusing different types of financial advice. New research by the regulator shows consumers are having a hard time telling the difference between 'general' and 'personal' advice, putting them at risk ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... competitive on price, benefit level and claims handling experience. "Stakeholders have suggested these features are easier for consumers to compare, rather than complex terms, conditions and exclusions, which vary considerably between products," he wrote ...

Regulators unite for life insurance transparency

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
... the first instance. At the same time, ASIC released a new MoneySmart life insurance claims comparison tool, to help consumers "make more informed decisions," by outlining the claim acceptance rates and average claim time of life insurers. The tool also ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
... financial product that may not be in the best interest of clients. "Grandfathered conflicted remuneration can entrench consumers in older products even when newer, better and more affordable products are available on the market," he said. The Government ...

Chief economist update: Japan should raise taxes another day

BENJAMIN ONG  |  WEDNESDAY, 27 MAR 2019
... on the 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 was ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... has the resources it needs to perform its critical role in ensuring the law is adhered to in the financial sector and consumers are put first, second and third," Frydenberg said. "The funding for APRA will strengthen and improve its capabilities so that ...

Australian subscription firms outperform ASX growth index

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... strategic part of their business growth." He said the growth of the subscription economy can be seen as a new way of consumers doing things differently: "It's a shift from a product and company focused economy to a service and customer focused economy." ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... February, but many of the features touted in the infrastructure project have not yet materialised. The system allows consumers to make money transfers that settle in minutes. It also allows money to be transferred without entering a BSB or account number ...

FSC to enact binding standard on genetic testing

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... is required as part of the current code review." Kirwan indicated that this feedback was why the new protections for consumers were being introduced as a standard rather than a code. He said: "We had originally planned to introduce a range of new consumer ...