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Showing 141 - 150 of 271 results for "Australian Consumer"

Consumers turning to the internet for advice

KERRIE SYDEE  |  FRIDAY, 10 JUN 2016
Australian consumers are increasingly turning to the internet for financial advice on life insurance, signalling a need for the industry to respond to rapidly changing consumer demands. CANSTAR's latest Direct Life Insurance Star Ratings report found ...

Citi to roll out voice biometric authentication

MARK SMITH  |  FRIDAY, 20 MAY 2016
... answers to security questions to telephone customer service staff will soon be a thing of the past for Citi's Australian consumer banking customers as the bank rolls out voice biometric authentication. The technology identifies customers through their ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
The federal government has released a discussion paper outlining proposed financial institutions supervisory levies for the 2016-17 financial year, citing a 150% increase in the total levies funding required for ASIC. The proposed levies reveal that ...

Royal Commission disruptive to reforms: FPA

KERRIE SYDEE  |  TUESDAY, 19 APR 2016
The Financial Planning Association of Australia (FPA) has argued that a Royal Commission into financial services would waste millions of tax payer's dollars if it were to include advice. The FPA argues that the industry has undertaken and is implementing ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 19 APR 2016
... the highest increase in six months -- following an unchanged reading in the previous month, indicating that Australian consumer is lifting discretionary spending. This is also a reflection of the gains in the domestic labour market but is contrary to ...

CPA granted AFSL

KERRIE SYDEE  |  MONDAY, 18 APR 2016
ASIC has granted CPA Australia an Australian Financial Services licence (AFSL) and an Australian Credit Licence (ACL) for its wholly owned subsidiary, CPA Australia Advice. The granting of the licences is an important step in the establishment of the ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 14 APR 2016
Australian consumer confidence "...a disappointing result" is how Westpac chief economist Bill Evans described the latest reading from its consumer sentiment survey. The Westpac-Melbourne Institute index of consumer sentiment fell by 4.0% to a 7-month ...

ASIC consults on robo regulation

ALEX BURKE  |  MONDAY, 21 MAR 2016
ASIC has released a draft regulatory guide and consultation paper for the robo-advice sector. The guide addresses industry concerns about and expectations for digital advice. It suggests robo-advice providers must hold an Australian financial services ...

July 1 will end the "amateur" SMSF era

ALEX BURKE  |  MONDAY, 21 MAR 2016
New entry and licensing requirements for SMSF auditors and accountants from July 1 will likely result in many funds being wound up, according to industry consultant John Wiseman. Wiseman noted that, as at December 2015, SMSFs represented 30% of the ...

Cheers to unmet expectations

BENJAMIN ONG  |  THURSDAY, 28 JAN 2016
... continue to haunt Japan and the Eurozone, no-flation the United Kingdom, low-flation China, the latest update on Australian consumer prices shows that inflation here is under control. Headline CPI inflation accelerated to an annual rate of 1.7% in the ...