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Showing 611 - 620 of 1563 results for "Competition"

HSBC rolls out Apple Pay

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... partnered with 50 banks and card issuers including ING, American Express, Macquarie and ANZ. In March, the Australian Competition and Consumer Commission denied the Commonwealth Bank of Australia, Westpac, National Australia Bank, and Bendigo and Adelaide ...

Banks can offer fintech an olive branch

EMMA RAPAPORT  |  MONDAY, 1 MAY 2017
... storm of innovation right there." In April, Australia's fintech industry urged the government to increase banking competition by making it easier for new market entrants to get bank licences and access bank-held customer financial data. "Australia's ...

ClearView slams APL standard

KARREN VERGARA  |  TUESDAY, 18 APR 2017
... Minister" document, confirming the industry could not self-regulate and would achieve nothing in terms of increasing competition, choice and customer best interest. The draft does not provide clear guidance on how broad the range of insurance products ...

First State Super wins government lease

KARREN VERGARA  |  THURSDAY, 13 APR 2017
... consortium has received approval from Commonwealth regulators including the Australian Taxation Office, the Australian Competition and Consumer Commission and the Foreign Investment Review Board. Part of the deal means the government placing rigorous ...

FSC launches draft APL standard for risk advice

ALEX BURKE  |  THURSDAY, 13 APR 2017
... the final version of which will become mandatory for all members. The goal of the FSC's APL standard is to increase competition among life insurers and reduce potential conflicts of interest in life insurance advice. The standard explains further: "Although ...

Japan to drive real assets globally

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2017
... well as a more positive sentiment since the financial crisis. Strong deal flow opportunities coupled with limited competition from alternative junior lenders provide the potential to generate the attractive risk-adjusted returns focused on cash yield ...

Coles sheds life insurance offering

JAMIE WILLIAMSON  |  MONDAY, 10 APR 2017
... by MetLife, in what then-Coles Finance director Rob Scott described as a natural progression for the company and in competition with rival Woolworths' range of insurances. In a statement to Financial Standard, Coles confirmed the move, though offered ...

Not our job to protect big insurers: APRA

ALEX BURKE  |  FRIDAY, 31 MAR 2017
... that does not entail protecting the business models of incumbent life insurance 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 ...

Associations not sold on PC draft report

EMMA RAPAPORT  |  THURSDAY, 30 MAR 2017
... 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 for all Australians. The government must act urgently to reform the system." Industry ...

Productivity Commission proposes default super overhaul

EMMA RAPAPORT  |  WEDNESDAY, 29 MAR 2017
... released its anticipated draft report on alternative default models in superannuation, looking at ways to introduce more competition in a system where members do not exercise fund choice. The commission has developed four alternative models to address ...