Consumers fear identity theft
Fears over identity theft and financial fraud remain the top concerns for consumers globally, according to the latest results from the Unisys Security Index.
According to Unisys, in a survey of 14 countries, identity theft is the primary security concern followed by misuse of credit or debit card information.
The highest consumer concern was in Asia, specifically Hong Kong, Singapore and Malaysia, as well as Brazil. This is in contrast with most European countries, which generally have less fear than people in the rest of the world.
Since last year’s survey, the results have shown significant rise in consumer concern in Spain, Singapore and Hong Kong.
Conversely, Australia, the United Kingdom and Brazil experienced the opposite.
Unisys Enterprise Security vice-president Tim Kelleher said such drastic differences among regions proved that security is a local issue, despite the many threats that extend across geographic borders without discrimination.
“People’s perceptions, concerns and needs are directly influenced by cultural norms and the manner in which security is or is not managed by governments, businesses and other key local influencers,” he said.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.

