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Showing 1621 - 1630 of 3585 results for "Consumers"

Good oil, bad oil

BENJAMIN ONG  |  FRIDAY, 23 JUN 2017
... positive impact of lower oil prices on economic activity. This is because lower oil prices are a 'de facto' tax cut for consumers, raising disposable income and lifting household consumption. At the same time, lower oil prices reduce business input costs ...

BlackRock snares share of robo-adviser

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2017
... BlackRock's existing digital asset management portfolio. "Private customer business is changing rapidly, as more and more consumers rely on technology-driven support for their investment. As a result, European financial services providers such as banks ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... insurance policies were underwritten by TAL, however this was without TAL's permission. "This meant there was a risk that consumers would have a life claim rejected, even though they paid for the policy," ASIC said. As a result, ASIC has placed conditions ...

Permanent ban for ex-OnePath adviser

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... of major financial advice providers, namely NAB, Westpac, CBA, ANZ, Macquarie and AMP. "ASIC will continue to protect consumers by removing people from the financial services industry who act dishonestly and breach the trust of their clients," Kell said. ...

Robo-advisers expected to meet fiduciary rule

ALEX DUNNIN  |  FRIDAY, 16 JUN 2017
... financial regulation. It reinforces speculation that the SEC's new chair will be focused on enhancing protections of retail consumers. In Australia ASIC has so far adopted a more relaxed position on digital advice, yet the SEC's hardening attitude plus ...

Confidence: the business/household divide

BENJAMIN ONG  |  WEDNESDAY, 14 JUN 2017
... significant structural headwinds still pose a hurdle that will prove difficult to overcome, keeping wages growth subdued and consumers cautious with their spending." Here, the lead from the Westpac-Melbourne Institute consumer sentiment survey is not ...

Life consumers influenced by premium pricing

KARREN VERGARA  |  FRIDAY, 9 JUN 2017
... insurance based on the cost of premiums, according to life insurer NobleOak. What's concerning is that more than half of consumers (52%) buy life insurance or income protection cover online due to convenience, but don't understand what they are trading ...

Advisers must prepare for the next generation of clients

EMMA RAPAPORT  |  WEDNESDAY, 7 JUN 2017
... generation of clients, according to former XY adviser and author Clayton Daniel. Speaking to Financial Standard, Daniel said consumers - not institutions - are leading the charge towards non-traditional financial products, and financial advisers must ...

ASIC consults on new statement of advice

EMMA RAPAPORT  |  WEDNESDAY, 31 MAY 2017
... asked to consider: Prominent upfront disclosure of commissions in SOAs How to make SOAs simpler and more effective for consumers, and How to make better use of SOAs. The closing date for submissions on Consultation Paper 284 is 31 July 2017.

FPA to quell adviser fears around education

JAMIE WILLIAMSON  |  WEDNESDAY, 31 MAY 2017
... look forward to working with the new body on setting the new standards. Once introduced, they will provide assurance to consumers that their financial planner will be highly trained, experienced and subject to an enforceable code of ethics," De Gori ...