Finance News Articles


Got a gripe with a bank? Here’s your new hero
Got a gripe with a bank? Here’s your new hero

The Australian Government has just launched an official complaints body for consumers who feel they have been unfairly treated within the finance sector.

The Australian Financial Complaints Authority (ACFA) is headed by David Locke, and is touted as a ‘one-stop shop’ for financial complaints. .. Continued

November 09, 2018 by Sarah Robinson

Australia has highest median wealth in world
Australia has highest median wealth in world

In its 2018 Global Wealth Report Credit Suisse found Australia has the highest level of median wealth of any nation – beating out Switzerland for the top spot.

According to the Australian Financial Review, our wealth is driven by high property prices and large superannuation balances... Continued

October 26, 2018 by Sarah Robinson

ASIC finds risk of financial elder abuse
ASIC finds risk of financial elder abuse

We’ve been following the Royal Commission into the finance sector closely over the past 12 months, and now reverse mortgages have come under the microscope.

A recent report by ASIC has found reverse mortgage lending standards need big improvements, as right now, they’re not fair to borrowers in their senior years... Continued

October 19, 2018 by Sarah Robinson

Is the new PM good for our economy?
Is the new PM good for our economy?

As Australia welcomes its 6th Prime Minister in nearly as many years (okay, 8 years) it’s hard to ignore the flow of jokes. 

‘Check your oil every time we get a new PM.’.. Continued

August 31, 2018 by Sarah Robinson

RBA says Bitcoin won’t take off in Australia
RBA says Bitcoin won’t take off in Australia

The rise and rise (and fall and rise and fall) of Bitcoin has been making headlines around the world since it kicked off 9 years ago. Now, the Reserve Bank of Australia has announced it’s unlikely to gain a foothold in Australia.

Here’s what you need to know... Continued

July 07, 2018 by Sarah Robinson

Brokers not the issue in Royal Commission
Brokers not the issue in Royal Commission

Mark Bouris of Yellow Brick Road recently told The Adviser that the first phase of Royal Commission hearings did not represent what was happening in the broking industry.

“It’s part of the maturity of brokers,” Bouris said. .. Continued

May 18, 2018 by Sarah Robinson

Junk insurance – the Royal Commission digs deeper
Junk insurance – the Royal Commission digs deeper

140,000 Commonwealth Bank customers have been refunded ahead of the royal commission, which has pulled focus on the CBA’s ‘junk insurance’.

The refund in question is for ‘add-on’ insurances, which an internal review found were not suitable, as many holders were ineligible to even claim, if they sought to. .. Continued

April 03, 2018 by Sarah Robinson



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