The under-use of lower cost and higher performing passively managed funds by consumers appears to be an example of market failure that is leading to consumer detriment. These investing decisions do not appear to be economically rational behavior by investors. This article considers some possible...

Like most Western governments, the Australian Government has adopted a free market approach to the financial services industry, relying on the market to resolve which financial products and services are produced and consumed, and at what price. However, a consumer protection regime exists in...

In many ways, international payments are similar to domestic payments. They involve a payer using the services of one or more intermediaries to transfer value to a payee. However, they tend to involve a number of additional complexities as a result of the distance between the parties, the...