Finance News

Young Australians are set to benefit from a further commitment by the Turnbull Government to fund a financial literacy program for another 4 years. The new agreement, announced today by Minister for Revenue and Financial Services...

A new study from Natixis Global Asset Management has placed Australia as the sixth best country in the world for retirement welfare, just behind New Zealand and Norway. The 2017 Global Retirement Index, touted as an...

Property investment platform BRICKX has revealed its 13th listed property will be a house in Balmain, with bricks selling at $140 from Thursday 20 July. Balmain, situated in Sydney’s prestigious inner-west, has seen a 13% boost...

A consumer watchdog report into the private health insurance industry has found that people have trouble understanding their policies, and are starting to choose cheaper policies with lower benefits. The Australian Competition and Consumer Commission (ACCC)...

For the first time, American Express (Amex) has launched a credit card specifically designed for small businesses. In an bid to help small business owners get more back from the work they put into their business,...

The Federal Government has released draft legislation that aims to increase the fairness of tax deductions for investment properties. The office of the Treasurer announced the draft legislation on Friday, which will limit the extent to...

Self-managed super fund trustees are overwhelmingly opposed to the practice of accountants and advisers sending their personal financial information overseas to unknown entities, according to a new survey. Superfund Wholesale's survey of SMSF trustees revealed that...

The Australian dollar has continued to soar, reaching a 4 month high against US dollar weakness. Overnight the Aussie dollar hit 77 US cents with help from recent gains in commodity prices and strong Chinese trade...

An investigation into the security of Australia's financial sector has revealed the extent to which organised criminals have exploited our financial system. Minister for Justice Michael Keenan yesterday released a report by the government's financial intelligence...

Unlike consumers, Australia's most senior finance executives are overwhelmingly optimistic about the future. Based on their survey of chief financial officers (CFOs) from major Australian listed companies, Deloitte’s CFO Sentiment Report for the first half of...

Energy Minister Josh Frydenberg has poured cold water over reports of a car carbon tax by saying an Elvis comeback would be just as likely. Yesterday Fairfax Media reported that the Turnbull government is considering new...

New research from UBank shows that Australians are withdrawing $31 billion from their savings each year, and 1 in 3 people are left penniless by payday. According to UBank's Science of Spending & Saving Experiment, these...

The Big 4 major banks have each increased their ‘share of wallet’ in the decade up to May 2017, according to Roy Morgan research. Share of wallet refers to the amount of customers’ money a bank...

Planning and preparing for a Bali trip can now be even more fun, thanks to a new online board game by travel insurance company Fast Cover. The Bali Survivor Board Game, described by the company as...

New research from peer-to-peer lender RateSetter has revealed that nearly 1 in 5 of their home improvement loans are used for energy efficiency renovations. The research, based on analysis of thousands of RateSetter personal loan customers,...

A number of superannuation funds have been falling short on their obligations to provide transparent information to consumers on their websites, according to the Australian Securities and Investments Commission (ASIC). ASIC announced on Tuesday that they...

In an industry-leading move, Cbus super has taken action to prevent opt-out life insurance cover within super from unnecessarily chipping away at the savings of its 700,000+ members. Cbus CEO David Atkin has announced a deal...

Two of Australia's largest travel insurance providers have adjusted their policies to accommodate particular mental illnesses claims. Over the last 2 months, both Cover-More Australia and QBE Insurance have removed exclusions that denied cover to policy-holders...

National Australia Bank (NAB) is urging customers to be on high alert for scammers and phishers this end of financial year (EOFY). NAB’s head of Anti-Fraud and Forensic Services, Claire Shaw, says that the EOFY period...

At this month's meeting, the Reserve Bank of Australia (RBA) held the cash rate at the record low of 1.50%. This marks the tenth month in a row that the RBA has held rates steady, with...