Finance News

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...

Australian small businesses are being urged to start preparing now for the upcoming ban on excessive card surcharges that will apply to all business from 1 September 2017. The new card payments regulation set out by...

The end of the financial year is already a stressful time for many people sorting out their tax returns, but this year you also need to be aware of the big changes to superannuation on 1...

Extra super contributions over the last 3 months of the financial year are expected to hit $10 billion as Aussies try to get in before the 1 July restrictions. Colonial First State Executive Manager Craig Day...

Australia has the fifth-highest rate of financial technology use in the world, according to a new report from Ernst & Young (EY). The EY Fintech Adoption Index found Australia’s population to have an adoption rate of...

Under orders from technology company Apple, Westpac will remove the keyboard function from its mobile banking app in July. First launched in March 2017 as part of the update to the Westpac Mobile Banking iPhone app,...

The banking industry has erupted with hostility and criticism in response to the South Australian Government’s newly announced bank levy, describing it as "outrageous". The new levy, announced as part of the state’s 2017 Budget, would...

The big four banks and a number of smaller institutions have had their long-term ratings downgraded by Moody’s, due to what it sees as housing market risks.

New figures show unemployment at a record low for May, marking eight back-to-back months of increasing employment levels since September last year.

New research from the Commonwealth Bank of Australia shows that despite increasing house prices, the age of the average first home buyer hasn’t gone up lately.

Australian experts are voicing concern about the strength of China’s economy, saying that a crash in the Chinese markets could have a knock-on effect here.

Cash definitely has less of a presence in our wallets these days, but CBA’s head of technology is predicting a cashless society in the near future.

If you are currently gathering every cent of your savings to buy a house in the big city, you may be disappointed to hear it takes 40 years to save for a house deposit in Sydney, according to new research.

ASIC has a new example Statement of Advice (SOA) for life insurance, and is currently seeking feedback by way of a newly released consultation paper.

NSW Premier Gladys Berejiklian has announced that first home buyers in the state will be provided with stamp duty concessions that could save them up to $34,360.