Tag: Personal Finance

Australians prefer using other methods of payment over credit cards, with RBA statistics showing only 41.88% of card transactions involve credit cards, compared to 50.34% five years ago.

Financial advisers may be banned from charging commissions on investments and pension sales, under recommendations contained in the Cooper Review of superannuation.

Consumers are electing to stay with their current bank due to costs and barriers to exit in place to keep them with the institution a new report has found.

You may have noticed a savings account war being waged, in recent weeks, in the streets of Bankland. Fights have broken out over the highest “special” rates, the most user-friendly conditions, and even – to a lesser extent – over the base rates. It’s good news for savers — but is it good news for small business?

This month marks one year from the depth of the financial crisis, and demonstrates the value of taking a long-term view of investment markets. After another positive month in February, the median superannuation growth fund has returned a satisfying 20.4% for the past year.

Super’s not an easy thing to get your head around and it’s not the most exciting of topics. But there are some serious tax benefits to self-managing your super. So could it work for you?

Mutuals (combined credit unions and building societies) are considered the least secure segment for retail deposits in Australia, despite the Federal Government guaranteeing deposits up to $1 million held by an Australian Deposit-taking Institution (ADI).

Australians are predicted to lose $120 billion during the next decade by investing with retail superannuation funds. The Industry Super Network (ISN), a body that represents the not for profit superannuation sector, have released a 24 page report comparing the performance of both not for profit and retail superannuation funds.  The report, called Supernomics used […]

The not for profit and industry funds have again dominated the Chant West 2010 superannuation fund ratings. This is despite master trusts performing well as the economy escapes from the effects of the GFC. “While investment is very important and accounts for 40% of our overall weighting, past performance only counts for 10% of that,” […]