Opinion on Financial Services Distributors in Asia-Pacific

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Type Product title / description Pub Price
CommentWire
CommentWire

Chinese credit cards: RBS set to bridge cultural gap

The partnership between the Royal Bank of Scotland and the Bank of China has progressed from an ownership stake to issuing credit cards. This is set to be a highly profitable strategic move by RBS as China's financial services develop.

Published By Datamonitor
16 Jun 2006
Expert View
Expert View

Australian mortgage broker channel on the cusp of fundamental change

Australian mortgage brokers are facing a period of tumultuous change. Mortgage brokers are mediating a larger share of residential lending commitments despite increasing competition and falling commission levels threatening their position in the industry. Indeed, further consolidation among broker groups is expected, as competition further intensifies and economies of scale become more important.

Published By Datamonitor
03 Oct 2007
CommentWire
CommentWire

Australian banking: rates set to rise further

Newly released Australian macroeconomic figures have increased concerns about inflation, prompting the Reserve Bank to consider further interest rate rises. The fastest growth in average hourly wages for a decade has contributed to anxieties about inflation. The cash rate target is already at an 11-year high, resulting in record low housing affordability and threatening struggling mortgagors.

Published By Datamonitor
22 Feb 2008
CommentWire
CommentWire

Australia: rates on the rise

The repercussions from the recent Reserve Bank cash target rate rise are starting to be felt by Australian mortgagors, as major lenders have raised their mortgage rates in response to higher funding costs. The short-term outlook for mortgagors continues to be bleak as further rises are on the horizon.

Published By Datamonitor
14 Mar 2008
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Expert View

Insurance market witnesses important BPO deals

Indian outsourcers WNS and HCL Technologies have each acquired separate strategic assets, including the offshore unit of insurance giant Aviva and the financial services division of UK outsourcer Liberata. These deals have highlighted three important trends within the industry: the move away from captives, the increasing focus on the insurance vertical and the maturity of the Indian BPO market.

Published By Datamonitor
24 Jul 2008
Expert View
Expert View

A broad portfolio of wealth management services is necessary to attract Australian investors

The wealth management sector in Australia is experiencing rapid growth. Consequently it has become a target market for many international players, as well as domestic competitors looking to expand. However, providers of wealth management services need to offer a flexible portfolio, which appeals both to the self-governing investor as well as to those who require more financial guidance.

Published By Datamonitor
04 Apr 2011
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Expert View

Australia: Fee Disclosure Statement reforms will lead to higher barriers for consumers

Very significant changes will hit the financial advice industry when the FoFA reforms are enacted on July 1, 2012. One crucial aspect of the legislation, which is still highly controversial, relates to the introduction of FDS reform. In particular, the measures designed to increase transparency appear to be in conflict with the aim of increasing access to professional financial advice.

Published By Datamonitor
25 Jan 2012
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Expert View

Australian government considers the delay of financial advisor commission reform

The Australian government is considering a proposal from the financial advisor community to delay reforms aimed at eliminating commission and aligning financial planners' interests with those of their customers. If these industry demands are met, new legislation will be deferred for a year until July 2013, allowing financial advisors to amass a further A$150m.

Published By Datamonitor
28 Feb 2012
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Expert View

Australia extends FoFA implementation period to July 2013

Following discussion in the House of Representatives, Bill Shorten, Minister for Financial Services, has announced that implementation of the FoFA changes will be extended until July 1, 2013. This has created a much-needed grace period for industry players.

Published By Datamonitor
19 Mar 2012

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