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Showing 1661 - 1670 of 3585 results for "Consumers"

Banking scrutiny to escalate: ABA

KARREN VERGARA  |  THURSDAY, 6 APR 2017
... critical as financial and prudential strength, Bligh said. "We're seeing the largest transfer of power from institutions to consumers in human history," Bligh added, warning consumers will not be giving this power back. Bligh also highlighted the pace ...

Unclear disclosure costs bank $5m

KARREN VERGARA  |  MONDAY, 3 APR 2017
... $48,000 to 30,174 Virgin Money credit card customers for overcharging 0.1% on international transaction fee. ASIC warned consumers to be mindful when making credit card transactions, particularly in an online shopping environment as foreign transaction ...

Not our job to protect big insurers: APRA

ALEX BURKE  |  FRIDAY, 31 MAR 2017
... providers." Emphasising the need for competition in the sector, Summerhayes noted that smaller players are engaging with consumers in entirely new ways: via artificial intelligence, wearable technology and, as above, peer-to-peer services. "We welcome ...

Can life and health insurers operate under one roof?

ALEX BURKE  |  FRIDAY, 31 MAR 2017
... products on their own," she said. Referring to the behavioural economics research Choice regularly undertakes, Turner said consumers encounter many problems with bundled products. She said that even with a much simpler product like a smartphone, the ...

Insurers: beware the double-edged sword of genetic testing

ALEX BURKE  |  THURSDAY, 30 MAR 2017
While genome sequencing can provide numerous benefits for life insurance consumers, the fear of Gattaca-style "genetic discrimination" carries its own risks for the industry. Speaking at the 2017 Financial Services Council Life Insurance Conference ...

Associations not sold on PC draft report

EMMA RAPAPORT  |  THURSDAY, 30 MAR 2017
... "highly credible and independent institution." "We wholeheartedly support the PC deputy chair Karen Chester's call for consumers to response to the interim report," said FSC chief executive Sally Loane. "Competition and choice in super should be available ...

Life code needs work: ASIC

ALEX BURKE  |  THURSDAY, 30 MAR 2017
... Conference in Sydney, Kell said that there is still "an enormous amount to be done to improve the claims process for consumers." He noted that the code in its current form goes some lengths toward achieving these improvements, but "only if insurers adhere ...

Productivity Commission proposes default super overhaul

EMMA RAPAPORT  |  WEDNESDAY, 29 MAR 2017
... savings systems," the report said. "But they can also stifle competition and innovation that would otherwise occur when consumers make active decisions, and discourage individuals learning about a sizeable asset held on their behalf." The Australian ...

Confident with a capital C

BENJAMIN ONG  |  WEDNESDAY, 29 MAR 2017
Ole! Ole! Ole! Ole! US consumers must be partying like it's the year 2000 for they have not been this optimistic since December of that year. The Conference Board's consumer confidence index surged to a reading of 125.6 in March from 116.1 in the previous ...

FPA pushes tax deductible incentives

KARREN VERGARA  |  TUESDAY, 28 MAR 2017
... Australians, particularly those most in need of assistance in managing their finances will reduce the cost of advice for consumers while maintaining consumer protections and advice quality," Marshan said. The FPA is encouraging the Government to engage ...