State of Consumer Banking 2015

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first_imgMonthly service fees still top the list of account holders’ biggest complaints. And Millennial and megabank customers are most likely to feel scammed by fees. The 2015 Consumer Banking Insights Study polled 1,000 U.S. adults regarding their banking preferences, feelings, and behaviors. Get our exclusive executive summary of consumer banking research to find out what people really want from their financial institution. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

You ain’t seen a home in Stafford like this before

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first_imgMulti-level living.With the backyard facing the parklands, an expansive balcony on the top floor, and a deck on the lower levels, the home was built to embrace the breeze and the views. “We can see across to the northern suburbs of Brisbane and off to Moreton Island,” Mr Cox said. Take a look inside.FOR a street filled with weatherboard homes and old Queenslanders, the curved otherworldly home at 16 Longland St sure does stand out.The four-storey home was a passion project for its owner Peter Cox who bought the block of land last decade.The block overlooks a parcel of council parkland, so he wanted to build something that not only embraced the view, but did it in a unique way. The home was designed by a prominent architect.“I don’t know what style I would call it, maybe contemporary,” Mr Cox said.He hired a prominent architect to map out his vision, and the home was built in 2008.“It was exactly what I wanted,” he said.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agoThe home uses the block’s 401sq m space to maximum efficiency. Although it is technically four levels, two are split as ‘half levels’ with just five steps between the first and second floor and the third and fourth floor.Mr Cox said the layout was good for privacy, with it giving a strong sense of separation between the upper and lower levels.center_img Even the bathroom has a view.The curved and high ceilings and large windows also keeps the home cool all year round. “There is no airconditioning because there is no need for it,” Mr Cox said. He felt it would be the perfect house for an executive couple or a family with teenagers.It will go under the hammer on site at 6.15pm on Wednesday, March 28, through Harcourts Solutions.last_img read more

Irish pension funds voice ‘frustration’ at regulatory delays

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first_img“Practically speaking, items on the public agenda often come to an abrupt halt over the summer months, but we cannot afford to let this happen.” Irish policymakers should “not to take their foot off the gas” regarding pension system reforms to ensure the country does not fall further behind its targets, the head of the country’s pension fund trade body has said.The government has met just six of 35 target deadlines it set out last year in its ambitious “roadmap” for reform Ireland’s pension system, according to the Irish Association of Pension Funds (IAPF). Among its planned reforms are the introduction of a national auto-enrolment regime for pension funds, and the implementation of the EU’s IORP II directive.Addressing a conference in Dublin yesterday, Eunice Dreelan, chair of the IAPF, said: “I believe it is fair to say that the mood of optimism that was felt at the launch of the roadmap last year has changed to one of frustration. We are asking government to continue its consultation, to ensure the aspirations of full pension coverage for workers in Ireland is effectively achieved.“All stakeholders should be looking at this through the prism of the pension timebomb that is ever present in Ireland today. This is a can that we cannot afford to kick down the road. We need to keep momentum going if we are going to get the policies that are needed across the line. The government simply cannot take their foot off the gas. Eunice Dreelan, chair, IAPFEarlier this year the IAPF warned there had been little action from the government on its pension reform targets, and lamented a lack of communication from policymakers.IORP IIThe government has yet to publish its finalised framework for an auto-enrolment regime, and has not yet implemented the IORP II directive. The EU’s deadline for implementation was January.IORP II was “one of the most urgent matters” for ministers to address, the IAPF said, as it was set to introduce demanding new governance and disclosure requirements for Irish pension schemes.The uncertainty is of particular concern to Ireland’s smallest pension schemes, which could be hit with a wave of new requirements from the directive. The EU allows for schemes with fewer than 100 members to be made exempt from the directive, but the Irish government has indicated that it does not intend to invoke this exemption. “While the government has indicated that it does not intend to avail of the derogation, we do not think that this is the most appropriate course of action at this time,” Dreelan said.“Adding onerous and costly regulatory requirements to smaller schemes throughout the country at this time will result in employers opting to simply discontinue these schemes, without putting any alternatives in place, instead favouring to wait until the auto-enrolment initiative is rolled out – which at the earliest will be three years from now.”Regina Doherty, minister for employment affairs and social protection, told a separate industry conference this week that Ireland was at an “advanced stage” of drafting legislation to implement IORP II.Dreelan, director of strategy and change at Irish Life Financial Services, took over as chair of the IAPF from Peter Fahy this month.last_img read more