Finance News - Page 32

In recent days there have been many claims around what the new health insurance rules will mean for policyholders. Some say premiums will rise and cover will fall, while others say nothing will happen. So, what...

Imagine your next shopping trip involves sticking out your sleeve or waving your gym towel or keys to pay for something. This is what Westpac is now offering customers who bank with them. Westpac has today...

Macquarie savings and transaction account holders will be able to purchase discounted eGift cards from more than 40 leading retailers from today. The bank has launched Macquarie Marketplace, a platform available within the Macquarie mobile banking app and...

Strength across the mining and energy stocks, including gains by heavyweight BHP Billiton, were not enough to offset losses from the big four banks last week. The S&P/ASX 200 fell 0.35% to 6,185.50 points and the...

Banking Royal Commissioner Kenneth Hayne has blamed greed for the financial sector's misconduct because "how else is charging continuing advice fees to the dead to be explained?" The Royal Commission into Misconduct in the Banking, Superannuation...

Major miners BHP Billiton, Rio Tinto and Fortescue Metals and big banks Westpac and Macquarie were among some of the best performers on the share market last week. The mining-related materials sector led the Australian share...

Co-author: Petrina Berry Deceased people being charged life insurance premiums, significant delays in urgent home repairs for natural disaster victims and misleading car and travel cover were among a number of  revelations to come out of the...

A peak legal group is concerned domestic violence perpetrators could access the whereabouts of their children through the My Health Record system. The Law Council of Australia has warned that the Australian Government's My Health Record...

Supermarket giant Woolworths and major banks NAB, ANZ and Suncorp took some of the biggest hits to their market value last week. Suncorp's life insurance arm was under the spotlight at the financial services royal commission...

Global miner BHP Billiton, biotech giant CSL and ANZ, Westpac and Macquarie had billions of dollars wiped from their market value last week. Source: Adwo (Shutterstock) Canstar’s General Manager of Wealth Josh Callaghan said the ASX200...

The financial services royal commission will turn its sights to the insurance sector when it resumes public hearings on Monday. The royal commission's sixth round of hearings will focus on the sale and design of life insurance and...

More than $1 billion was wiped from Telstra's market value, while three of the big four banks enjoyed some of the greatest gains on the share market last week. The benchmark index S&P/ASX200 gained 1.16% to 6,139.50 points...

Heritage Bank has announced it will cut fees on its some of its savings and transaction accounts from this Saturday. In a statement today, the customer-owned bank said the removal of fees charged on transactions that exceeded...

Westpac's weaker-than-expected quarterly update and political upheaval in Canberra were key events that weighed on the share market last week. The benchmark index S&P/ASX200 dropped 1.45% to 6,247 points and the All Ordinaries fell 1.06% to...

AMP has reduced interest rates on a number of its home loans, following rate hikes to some of their products last month. The cuts apply mostly to investor loans and come after AMP increased rates in July for some owner-occupied...

Telecommunications giant Telstra and vaccines and blood products group CSL saw some of the biggest gains on the share market last week. Tesltra's shares hit a three-month high last week despite increased earnings pressure from the rollout...

The final week of the royal commission's superannuation hearings has delved into misconduct ranging from charging deceased clients to failing to transfer customers to low-cost accounts. Representatives from Suncorp, National Australia Bank, Commonwealth Bank's super arm...

Millennials are at higher risk of old age poverty than their parents and grandparents largely because they are unlikely to own a home by the time they retire, a think tank group has said. The Centre for Independent...

The big four banks helped drive the Australian share market higher last week despite Commonwealth Bank's first annual profit fall since the global financial crisis. Not even the banking royal commission's critical probe into National Australia...

A number of Australian unions are urging members to consider opting out of the online national database My Health Record over fears employers could access the information. The Rail, Tram & Bus Union (RTBU) and the Australian Council...