Consumer behaviour

problem, solution, help-2731501.jpg problem, solution, help-2731501.jpg

The 2023 Life Insurance Code of Practice (the Life Insurance Code) introduced a requirement for insurers to have family violence policies available online for their customers. For many life insurers this will be the first publicly available written policy indicating how they will support customers experiencing family violence. Family violence – in the form of…

Read More Financial Rights Publishes Report on Best Practice in Life Insurer Family Violence Policies

financial, analysis, accounting-4560047.jpg financial, analysis, accounting-4560047.jpg

The United States of America’s Consumer Financial Protection Bureau (CFPB) has published a new report, Price Complexity in Laboratory Markets, which indicates that complex pricings, or costs separated into various sub-prices, are typically more expensive and harder to compare – leading to consumers paying more. Based on the CFPB’s previous research, this increased complexity and…

Read More US Consumer Protection Body Publishes Research Finding Higher Price Complexity Leads to Consumers Paying More

Post thumbnail

The results of recent research on grocery unit pricing (pricing per standardised unit of measurement) in the United Kingdom have been released by Competition and Markets Authority. The research involved: The Queensland Consumers Association says that many of the results are very relevant to grocery unit pricing in Australia including that: The CMA’s conclusions from…

Read More Results of UK Research on Grocery Unit Pricing Released

sad or distressed woman on floor

New research released by ASIC’s Moneysmart has shed light on the financial concerns of Australian Gen Z women, revealing that they are more likely than Gen Z men to feel stressed and overwhelmed by finances and money.
“These findings demonstrate the importance of empowering young women to move past girl math and take control of their finances. Countless studies have shown financially literate people are better at budgeting and saving, managing mortgages and debt, planning for retirement, and growing their wealth. These behaviours aren’t inherent – they can be learnt at any age. That’s why we need to change the equation on girl math in 2024,”

Read More MoneySmart Data Reveals Gender Disparity in Young Adult’s Financial Stress

icon, phone, hand drawn-4139067.jpg icon, phone, hand drawn-4139067.jpg

The latest data from the Telecommunications Industry Ombudsman (TIO) reveals that consumers and small businesses made 14,671 complaints between October and December 2023, an increase of 13.4 percent compared to the previous quarter, but a 17.9 percent decrease compared to the same time last year.

Read More Complaints to TIO Increased for the Quarter But the Yearly Decrease Trend Continues

report, expenses management, cost deduction-3050965.jpg report, expenses management, cost deduction-3050965.jpg

The Consumers Federation of Australia (CFA) and CHOICE have provided a submission to the newly newly established Competition Taskforce on merger approvals.  Australia has many markets that are highly concentrated; supermarkets, airlines, banking, telecommunications, energy and insurance are all markets where a few dominant companies provide most Australians with essential products and services. Increasingly, we…

Read More CFA Supports Reforms to Merger Approvals

technology, hands, agreement-4256272.jpg technology, hands, agreement-4256272.jpg

Enforcement Technology, also known as EnfTech, is technology used in any enforcement capacity for investigation, preventative measures, surveillance, remedies and/or sanctions and there could be a vital role for EnfTech to play in consumer protection. With the advent of the global digital market as the new norm for most consumers the need for consumer protection…

Read More Enforcement Technology and Consumer Protection

financial, analysis, accounting-4560047.jpg financial, analysis, accounting-4560047.jpg

“The volume of complaints escalated to AFCA has been increasing at an unsustainable rate,” David Locke, the Chief Ombudsman and Chief Executive Officer of the Australian Financial Complaints Authority (AFCA), said.  

“Scam-related complaints to AFCA have nearly doubled between 2022 and 2023. They continue to be of great concern to us. We are also seeing the impact of increased interest rates and cost of living pressures, with complaints involving financial hardship also significantly higher,” Mr Locke said.

Read More Ombudsman Warns of “Unsustainable” Increase as AFCA sees a Record 100,000 Complaints

smileys, customer satisfaction, review-5617876.jpg smileys, customer satisfaction, review-5617876.jpg

The 2023 Australian Consumer Survey has just been released and the figures are interesting, with a little over half of all purchases in Australia are now made online compared to 23% in 2016. The concerns of consumers also reflects this online trend as consumers making online international purchases are often unsure about the application of Australian Consumer Law (ACL), and as more and more people are targeted by, and are concerned about, scams.

Read More Consumer Thoughts: 2023 Australian Consumer Survey Released

Post thumbnail

This report documents the nature of some of the more troubling consumer manipulation practices currently occurring in Australia. It explores how targeted advertising affects people who gamble, consume alcohol, are experiencing financial stress, and how it affects children and young people. Each case study describes potential consumer harm and rights violations and goes on to include evidence from the ‘Xandr File’ about the nature of data that is routinely traded for targeted advertising about each of these groups.

A brave, bold and strong response to this issue is necessary, and long overdue. 
A wide range of measures could be implemented to curb this practice

Foreword co-signed by Reset, CHOICE, and CPRC

Read More Report Released, “Australians for Sale: Targeted Advertising, Data Brokering and Consumer Manipulation”

Post thumbnail

A report from our Consumers International Global Congress representative, Deputy Chair Chandni Gupta Final day of the 2023 Global Congress and the pace remained fast and fascinating with enlightening presentations with a key focus on sustainability to close off the conference. Below are some highlights from Day 3. Sustainable appliances for a green transition An…

Read More Building a Resilient Future – Day 3 of Consumers International Global Congress

cyber security, protection, cyber-4498009.jpg cyber security, protection, cyber-4498009.jpg

New research from CHOICE has revealed 65% of people don’t trust businesses to use their data responsibly and in their best interest –  an increase of 25% from 2022. 

“It’s no surprise more people don’t trust companies to use their data responsibly. Over the past year we’ve seen the terrible consequences data breaches can have for those affected by them, including at Medibank and Latitude,” says Senior Campaigns and Policy Advisor Rafi Alam.

Read More 65% of People Don’t Trust Business to Use Their Data Responsibly: CHOICE