Latest Intelligence on Financial Services Distributors

Published within

« | 1 | 2 | 3 | 4 | 5 | 6 | » »|

Type Product title / description Pub Price
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
CommentWire
CommentWire

Admiral: total profits up by 11% for 2008, profits down for Confused.com

Insurance group Admiral has announced an increase of 11% in its overall profits in 2008, but has witnessed a drop in profits for its aggregator business, Confused.com, as a result of heightened competitive pressures. With the likes of Tesco and Comparethemarket.com diverting business away from more established players, Confused.com will have to work hard to maintain its market share.

Published By Datamonitor
04 Mar 2009
CommentWire
CommentWire

Allianz: expanding presence through UK banking giant

UK insurer Allianz Commercial has signed a deal with Lloyds Banking Group, giving the company access to Lloyds TSB's and Bank of Scotland's 850,000 small business customers. While increasing Allianz's presence in this competitive space, Lloyds Banking Group must ensure it can offer a competitive proposition if it is to succeed as an insurance distributor to small and medium enterprises.

Published By Datamonitor
18 Jun 2009
Expert View
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
Expert View
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
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
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
Expert View
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
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
Expert View
Expert View

Aviva's break with Broker Network illustrates increasing pressure on networks to demonstrate value

Aviva and Broker Network pulled the plug on their relationship at the beginning of June 2012, ending the placement of broker business with Aviva through the Towergate-owned network. With Aviva's UK general insurance chief executive David McMillan quick to pledge continued individual relationships with Broker Network members, this break has sparked fears that other insurers could follow suit.

Published By Datamonitor
20 Jun 2012

« | 1 | 2 | 3 | 4 | 5 | 6 | » »|

No help is available.