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Retirement Income

Angry retirees send thousands of letters to Reserve Bank boss

Enough is enough, say retirees, who have swamped the RBA boss with thousands of letters and emails expressing their concerns about the cash rate staying so low for so long.

Banking & Investment

How COVID-19 has changed the way we bank: report

More than two thirds of Australians were negatively impacted by COVID-19, leading most of them to reconsider how they use financial services, and how financial services should service them.

Banking & Investment

'Cash has an important role to play': RBA talks down going cashless

Reserve Bank governor Philip Lowe says we will always need an emergency payment method and cash still fits the bill.

Banking & Investment

‘Harmful law’: Coalition slammed for major financial overhaul

The government’s decision to axe responsible lending laws has come under fire from 122 consumer and community groups who fear the damage the change will cause.

Banking & Investment

Around 368,000 eligible to join class action against big four bank

Federal Court to notify those eligible to join consumer credit class action.

Banking & Investment

Silver lining to low interest rates – if you ask the question

Homeowners need to take ‘their mortgage walking’, says analyst, and potentially save more than $20,000 in five years.

Federal Government

Banking royal commission victims urge Treasurer to keep responsible lending laws

Witnesses who appeared at the banking royal commission join forces to plead with Treasurer Josh Frydenberg to stop proposed cuts to consumer protections, fearing a repeat of what led to the royal commission in the first place.

Banking & Investment

Reserve Bank interest rate cut could see you get less money back on your savings

It might not be the worst problem to have during a recession, but for Australians with decent savings in the bank, record low interest rates are posing a dilemma.

Banking & Investment

The problem with honeymoon rates – and beware this new scam

There’s a problem in chasing better-than-average bank interest rates, warns personal finance expert Noel Whittaker.

Banking & Investment

Why do bankers behave so badly?

Australia has seen banking scandal after banking scandal over the past 30 years, but how do they keep getting away with behaving so badly?

Banking & Investment

Financial advice sector in dire state, says Rice Warner report

Transition from a sales culture to a customer service is proving traumatic, says Rice Warner.

Legal & General

What happens when you default on a mortgage?

A mortgage is one of life’s biggest commitments, and like any big commitment, breaking it can have serious consequences.

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