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Showing 391 - 400 of 1549 results for "Competition"

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... shielded institutional life insurers from competitive pressures for decades and effectively mitigated the risk of competition and evolution. "If the nature, purpose and intent of the Future of Financial Advice reforms and the Royal Commission's recommendations ...

Fees down across asset classes: Report

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2019
... basis points, with reductions particularly notable for the lower quartile. The report, Investment Management Fees: Is Competition Working?, said the figures are based on real fees being quoted by asset managers for real mandates, as opposed to surveys ...

AFCA gets 1450 complaints a week

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... any stage during the process, whereas others may proceed all the way to an Ombudsman's Determination." Recently, the Competition and Consumer (External Dispute Resolution Scheme - Banking Sector) Instrument 2019 was registered. This instrument recognises ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
The Australian Competition and Consumer Commission (ACCC) has been directed by the government to immediately establish an inquiry into the behaviour of Australia's banks when it comes to passing on interest rate cuts. Announcing the inquiry on this ...

Spotlight on super welcomed

HARRISON WORLEY  |  FRIDAY, 27 SEP 2019
... to see pushed to one side while the review took place. "Superannuation consumers receive significant benefits from competition and choice, and this will be an important focus of the FSC's approach to the review," Loane said. "However, this review ...

Milestone ETF Rule passed

JAMIE WILLIAMSON  |  FRIDAY, 27 SEP 2019
... of ETFs currently in operation. The adoption of Rule 6c-11 - also known as the ETF Rule - will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors and lower barriers to entry, the regulator said. ...

Australia investor friendly, not consumer friendly: Report

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2019
... seen fund fees continue to decline across global markets." "This reflects a number of key trends including orderly competition, regulatory intervention, and changing practices that have led to the unbundling of advice and sales fees from fund expense ...

Chi-X launches new trading solution

KRISTI CHENG  |  MONDAY, 16 SEP 2019
... participants to execute large orders with price certainty, while remaining anonymous, but that it's also vital for healthy competition in the market," O'Brien said. In addition to the new MatchPoint, Chi-X also offers innovations such as Warrants, TraCRs ...

Dealer group to fight grandfathered commissions ban

ELIZABETH MCARTHUR  |  FRIDAY, 13 SEP 2019
... requiring consideration to be given to the impact of his recommendations on the economy, the cost and access to advice, competition and other factors," Ardino said. Lifespan wants to make it clear that grandfathered commissions do not involve misconduct ...

Kapstream cuts fees on flagship fund

KANIKA SOOD  |  WEDNESDAY, 11 SEP 2019
The Kapstream Absolute Return Income Fund is shaving 15bps off its retail fees, as competition in the segment heats up and yields drop. The fund currently has about $3.8 billion of retail money and will go from charging 70bps to 55bps in annual management ...