Do I need a financial adviser?

You might like trading in shares, comparing returns on managed funds, looking at interest rates on term deposits and researching property deals yourself. You love [...]

POSTED ON May 28, 2019
Banks to add more to RBA rate rises

Borrowers are likely to be slugged by more rate rises from RBA and more margin expanding rate rises from the big banks as well. The [...]

POSTED ON November 2, 2009
Switch your lender & save $3,800

Over the last 14 months of the GFC, many people moved their money and their business to a big four bank. Many people could simply [...]

POSTED ON November 2, 2009
Four steps to switching banks

Switching bank accounts to a new bank is easier than it has been in the past, but can still be a complex process. ASIC and [...]

POSTED ON November 2, 2009
Fee changes to all transaction accounts

Almost all banks, credit unions and building societies have announced changes to the fees they charge their credit card, loan and account customers. Now may [...]

POSTED ON November 2, 2009
Banks trying to connect with customers

ANZ, Westpac and NAB have launched new marketing programs recently all trying to reconnect with their customers and communities. ANZ have re-fashioned their signage with [...]

POSTED ON November 2, 2009
Most borrowers reject fixed rates

Most homeowners are choosing to stick with their variable rate mortgages with only ten per cent saying they are opting to fix their rate now. [...]

POSTED ON November 2, 2009
Aussies are stashing their cash

The first national study by Westpac into the social effects of the global financial crisis shows more than 32% of Australians are cocooning in the [...]

POSTED ON November 2, 2009
School tuckshops take credit cards online

Parents at some schools are paying for their children’s lunches online with their credit card to avoid having to give their children money. Holy Cross [...]

POSTED ON October 6, 2009
Aussie share obsession cuts our wealth

Australians lost almost twice as much money during the global financial crisis as people in other countries according to the 2009 global wealth report, by [...]

POSTED ON October 6, 2009
Ten million online bankers

Almost 10 million Australians visited their online internet bank each week, but more visit and spend much more time on social networking sites such as [...]

POSTED ON October 6, 2009
Less competition in banking

National Australia Bank yesterday acknowledged to a senate committee hearing in Melbourne that banking consumers' choices had narrowed in the past year. “I think it's [...]

POSTED ON October 6, 2009
Auction continue to deliver results

There were only 171 auctions listed in Sydney on the October long weekend but the clearance rate improved to 72.5 per cent from 62 per [...]

POSTED ON October 6, 2009
Competition returning to mortgage market

NAB, ANZ and second tier lenders all managed to claw back mortgage market share in August. ANZ said they have improved turnaround times on mortgage [...]

POSTED ON October 2, 2009
Borrowers head to Commonwealth in August

The growth story in the loan market remains that of Commonwealth Bank, which lifted its lending by 1.2 per cent over the month of August [...]

POSTED ON October 2, 2009
200,000 Ford car loans sold to Macquarie

Macquarie Leasing will take over the servicing of the Ford loans by January 2010. The portfolio covers around 200,000 vehicles and adds to the bank’s [...]

POSTED ON October 2, 2009
Savings tax to be slashed

The federal government’s Henry review into taxation is set to recommend that tax on savings should be slashed. Ken Henry said yesterday that a middle [...]

POSTED ON October 2, 2009
Savers want good rates and no fees

Bank customers are fed up with fees on savings accounts and want to be rewarded with higher rates for saving regularly, according to a new [...]

POSTED ON October 2, 2009
RaboPlus to launch bonus saver account

RaboPlus will add a bonus saver account to its product portfolio to be launched next week. It will pay five per cent interest to customers [...]

POSTED ON October 2, 2009
Banks deny rate rise plans

Speculation is continuing that the big banks are planning to raise interest rates on variable rate mortgages independently of the Reserve Bank. Banks are continuing [...]

POSTED ON October 2, 2009
Grants cut down but sales to hold up

First home buyers of new homes will be entitled to $14,000 of federal government assistance from today, October 1, down from the $21,000 grant paid [...]

POSTED ON October 1, 2009
ME’s Online Savings Account ahead of the pack

ME Bank’s Online Savings Account has won the Australian Financial Review Smart Investor Blue Ribbon Awards 2009, Overall Savings Account Category. Savings products from over [...]

POSTED ON October 1, 2009
InfoChoice more popular than ever

Traffic to the InfoChoice website has grown 56 per cent from January to June 2009. remains Australia’s most popular banking product comparison website as [...]

POSTED ON August 31, 2009
50,000 seek hardship relief

More than fifty thousand Australian households have been given hardship relief by major banks in the past year. Westpac, St George, ANZ, National Australia Bank, [...]

POSTED ON August 31, 2009
Government checks up on bank rate rises

Sources within the major banks say the federal Treasury rang around all major banks last week to check on rumours that they are planning on [...]

POSTED ON August 31, 2009
Be prepared for higher rates says RBA

Homebuyers have to be prepared for higher interest rates says the governor of the Reserve bank, Glenn Stevens. Stevens told a parliamentary hearing that rate [...]

POSTED ON August 17, 2009
Investors concerned about fund conflicts

The Australian Investors Association is concerned that continuing consolidation in the wealth management industry is harming competition and adding to potential conflicts of interest for [...]

POSTED ON July 16, 2009
St George, BT wind back margin lending

St George Bank, now owned by Westpac, is cutting the gearing ratios allowed on its margin loans from forty per cent to zero on more [...]

POSTED ON July 3, 2009
Regulator wants lending with care

Banks face a crack down on their lending policies by the prudential regulator the Australian Prudential Regulation Authority. APRA's views, set out in a speech [...]

POSTED ON June 30, 2009
New consumer laws good for lenders

Lenders are breathing a sigh of relief after learning last week that they will have until January 2011 to meet the responsible lending provisions under [...]

POSTED ON June 29, 2009
Responsible Lending? Not yet.

Banks and Credit Unions welcomed the federal government's announcement that responsible lending provisions of the new consumer credit laws will not come into force until [...]

POSTED ON June 25, 2009
Protected loan rates must come down

Lenders offering protected loans, a type of margin loan, will in practice have to apply a lower interest rate than in the past, or at [...]

POSTED ON May 13, 2009
Investors lose faith in advice, markets, life

Investors are losing faith in themselves as well as markets, their financial advisor and investing generally according to a large survey by The Australian.The Australian [...]

POSTED ON February 25, 2009
No more big rate cuts

The Reserve Bank governor has signalled that the central bank may wait and see the impact of recent rate cuts before making any new big [...]

POSTED ON February 24, 2009
Half per cent rate cut for March

Market expectations of a 0.5 per cent rate cut firmed yesterday to a 100 per cent certainty after the release of the Reserve bank Board [...]

POSTED ON February 18, 2009
CBA needs to keep future rate cuts

The Commonwealth Bank has signalled that it may not pass on in full to borrowers any future rate cuts delivered by the Reserve Bank of [...]

POSTED ON February 12, 2009
Margin lending declines at Commonwealth

Commonwealth Bank's margin lending business has plunged from $8 billion to $5.5 billion in six months, though this is in line with the decline in [...]

POSTED ON February 12, 2009
No more big rate cuts

A slightly improved economic outlook for Australia has caused many analysts to revise their interest rate predictions. The Reserve Bank is now not expected to [...]

POSTED ON February 9, 2009
More rate cuts and more spending needed

Further deep cuts in interest rates are needed as well as more government spending to stimulate the economy the treasury secretary Ken Henry said yesterday. [...]

POSTED ON February 6, 2009
Bad result at MacBank

Macquarie Group has axed 1,000 staff and increased write downs by $900 million on top of total impairments already flagged of $1.1 billion. Chief executive [...]

POSTED ON February 6, 2009
Banks say maybe to future rate cuts

Major banks warned yesterday that they may not pass on the full amount of any future rate cuts. NAB's retail banking executive general manager Lisa [...]

POSTED ON February 5, 2009
More rate cuts on the way

Financial markets expect the Reserve bank to cut interest rates again next month by a further 0.75 per cent taking the official cash rate to [...]

POSTED ON February 4, 2009
Rate cuts to keep on coming

The Reserve Bank of Australia faces extreme pressure to deliver substantial rate cuts today and in next few months as the global economic crisis spreads. [...]

POSTED ON February 3, 2009
RBA may cut by 1.5 per cent

The Reserve Bank of Australia is likely to decide tomorrow to set a new 'floor' for Australian official interest rates of around 2 per cent [...]

POSTED ON February 2, 2009
Rates down to 2 per cent by June

Investors trading on the Sydney Futures Exchange yesterday estimated the chances of a 1.0 per cent rate cut next week by the Reserve Bank at [...]

POSTED ON January 30, 2009
Banks halve in value

The share price of Australia's banks has fallen by 51 per cent since July 2007 when the credit crisis began. Bank of Queensland and National [...]

POSTED ON January 29, 2009
Commonwealth Bank shares suspended

Commonwealth Bank faces inquiries by the Australian Stock Exchange and the Australian Securities and Investment Commission over the timing and handling of the announcement that [...]

POSTED ON December 18, 2008
Rates headed down to 3 per cent next year

Markets are pricing in rate cuts to take the official rate to 3.75 per cent over the next six months. Yesterday the Reserve Bank made [...]

POSTED ON November 5, 2008
RBA may cut by 0.75 per cent

Increasing evidence of a recessionary trend in economic data is adding weight to expectations of a big cut in interest rates this afternoon by the [...]

POSTED ON November 4, 2008
Macquarie exits lending markets

Macquarie Bank is selling out of the investment lending market following its decision in March to wind back its mortgage lending business. "The investment lending [...]

POSTED ON September 26, 2008
Margin investors enjoy capital protection

Margin lending tax reduction strategies surrounding the prepayment of loan interest has historically driven the number of margin lending accounts higher in the June quarter, [...]

POSTED ON August 22, 2008
RBA makes rate cuts crystal clear

The minutes of the Reserve bank board meeting from August show that the bank intends to cut rates at its September board meeting. Analysts said [...]

POSTED ON August 20, 2008
Swan tells the banks

Short term debt prices are coming down so banks should be looking to cut their interest rates to borrowers said the Treasurer Wayne Swan yesterday. [...]

POSTED ON August 18, 2008
Banks told to pass on cuts

The deputy governor of the reserve Bank, Ric Battellino, said if banks did not pass on rate cuts to customers, the Reserve would keep cutting [...]

POSTED ON August 15, 2008
Rates to fall to five per cent next year

Interest rates will be cut by the Reserve Bank by half a per cent in September despite stronger than expected jobs data released yesterday, says [...]

POSTED ON August 8, 2008
Banks may not pass on rate cuts

New mortgage sales fell in the first half of 2008 by 25 per cent according to the Australian Bureau of Statistics. CommSec said the figures [...]

POSTED ON August 7, 2008
Banks can lower interest rates

Interest rates could fall by more than the quarter of a per cent the Reserve bank usually moves rates by. The 90 bank bill swap [...]

POSTED ON August 7, 2008
RBA signals end to high interest rates

The Reserve Bank has sent a clear signal that it will lower rates in September. The statement by RBA governor Glenn Stevens, released yesterday, says [...]

POSTED ON August 6, 2008
Surge in margin calls as All Ords falls

CommSec made about 300 margin calls last Thursday and 10 the day before. The broker's daily average is fewer than 30. Last week was a [...]

POSTED ON July 7, 2008
Protected equity lending an endangered species

Protected financing volumes are decreasing due to recent tax deductibility changes, with CommSec saying the product has lost its appeal to investors. The broker only [...]

POSTED ON July 3, 2008
Bankers say world is at tipping point

Growth will probably slow and inflation will rise according to a statement issued from a meeting of the world's central banks. The Bank of International [...]

POSTED ON July 1, 2008
Pressure to lift rates easing

Rising unemployment numbers are easing the pressure on the Reserve Bank to lift interest rates above 7.25 per cent despite rising inflation. Employment levels fell [...]

POSTED ON June 13, 2008
Sharemarket expected to dive this week

After increasing by an average of 20 per cent in the previous four financial years, the S&P/ASX200 Index looks set to end the 2007-08 financial [...]

POSTED ON May 26, 2008
ASIC runs eye over brokers

The Australian Investments and Securities Commission will ramp up its scrutiny of broking and margin lending firms as it tries to address concerns about market [...]

POSTED ON May 23, 2008
Have we said goodbye to the bears?

While there will be more ups and downs along the way, AMP's chief investment strategist Shane Oliver says that the worst of the sharemarket losses [...]

POSTED ON May 21, 2008
Credit disclosure laws revisited

On Wednesday the Productivity Commission will deliver a report to the federal government which will include proposals for a federal takeover of some consumer protection [...]

POSTED ON April 28, 2008
Opes to squeeze listed groups

Share prices of many companies have recently felt the squeeze from stock selling after the failure of Opes Prime. Many companies will also experience a [...]

POSTED ON April 14, 2008
Margin lenders’ reassure money is safe

The market's major margin lenders have reassured customers that their assets are safe. Commsec and Leveraged Equities distanced themselves from the failed stock lending players [...]

POSTED ON April 14, 2008
Another broker in peril

Sydney based Lift Capital has been named another potential broker who has been attracting the attention of the regulators. Like Opes Prime, Lift Capital provides [...]

POSTED ON April 10, 2008
Consumer confidence takes a bite

Higher interest rates and rising fuel and food costs are putting a significant amount of pressure on consumer spending, suggesting that the work of the [...]

POSTED ON April 10, 2008
Stock lending data disarray

The Deputy Chair of the Australian Shareholders Association may have identified a $84 billion hole in official stock lending data. A recent BNP Paribas report [...]

POSTED ON April 8, 2008
Plans to force disclosure

The Federal government plans to force investors to hold equity derivatives to disclose their holdings to the market. Currently no such regulation exists and many [...]

POSTED ON April 7, 2008
Market yields better value

Analysts now believe that long-term investors are returning to the share market, with recent strong gains on most indices worldwide. Analysts quoted as saying there [...]

POSTED ON April 4, 2008
Margin lending on the rise again

A number of lenders including Macquarie and Leveraged Equities claim to have received a greater number of applications in January than during previous bull runs. [...]

POSTED ON April 2, 2008
Broker backs ASX competitor

Credit Suisse has taken a shareholding in AXE ECN. AXE ECN is currently awaiting government approval on whether it will be able to break the [...]

POSTED ON April 1, 2008
ASX beefs up fines for market manipulation

Any stockbrokers found to be seriously manipulating the market will face a maximum fine of $1 million from Monday. The Australian Securities Exchange said that [...]

POSTED ON March 27, 2008
Shareholders urged to join litigation

Litigation funder IMF has decided to fund shareholder class actions against Allco Finance Group, MFS, Centro Property and Centro Retail. While no action has been [...]

POSTED ON March 26, 2008
Every silver lining has a cloud

Share markets staged something of a recovery yesterday following news from the US of stranger than expected housing sales in February, and JP Morgan's decision [...]

POSTED ON March 26, 2008
US Fed rate cut boosts sharemarket confidence

The US Federal Reserve has slashed interest rates by 0.75 percentage points, prompting rallies in share markets around the world. While it is too early [...]

POSTED ON March 20, 2008
Financials bear the brunt of market fall

Concerns about the escalating problems in the US economy and the health of the financial sector have seen shares in local banks take a pummelling [...]

POSTED ON March 18, 2008
Investors worried by extent of US Fed action

Interventions by the US Federal Reserve intended to boost the economy are being increasingly seen by investors as signs of desperation and only serving to [...]

POSTED ON March 18, 2008
Rescue bid for Bear Stearns

The fifth largest investment bank in the United States, Bear Stearns, has been thrown a lifeline after running out of cash. Concerns about the financial [...]

POSTED ON March 17, 2008
ASIC warns on fringe brokers

A survey of home owners struggling to meet mortgage repayments has found cases of fringe brokers engaging in "equity stripping". Borrowers are being asked to [...]

POSTED ON March 14, 2008
Market close to tipping point

The Australian share market came within 100 points of the 5000 point psychological barrier during intraday trade yesterday. The market recovered some of the losses [...]

POSTED ON March 12, 2008
Losses mounting in super funds

Superannuation funds are heading for their first annual loss in six years on the back of a 25 per cent fall in the sharemarket since [...]

POSTED ON March 12, 2008
ASIC ramps up investigations

The corporate regulator is seeking explanations for a number of suspicious share trades as it steps up its efforts to clamp down on market manipulation. [...]

POSTED ON March 12, 2008
Legal action planned against Fincorp directors

Insolvency firm KordaMentha has told creditors of collapsed property group Fincorp that there could be a basis for pursuing legal action against its directors. The [...]

POSTED ON March 11, 2008
Director share trading under scrutiny

New research has found that 23 directors engaged in trading shares in their company during the blackout period between when the books are closed and [...]

POSTED ON March 10, 2008
Big margin call on Allco directors

Shares in Allco Finance Group, owned by the company's directors through a margin loan facility held by Allco Principals Investments, have been handed over to [...]

POSTED ON March 7, 2008
Increased scrutiny for short-sellers

Market regulators are clamping down on short-selling activities, reminding hedge funds that they have legal obligations to disclose their activities in this area. The Australian [...]

POSTED ON March 7, 2008
Record February share trades

The Australian Securities Exchange has reported its busiest February on record. Cash market trades of 8 million in February were 80 per cent higher than [...]

POSTED ON March 6, 2008
Strong growth at HSBC

HSBC Australia is expecting strong growth this year and says that it will be able to repeat the 23 per cent rise in underlying profits [...]

POSTED ON March 6, 2008
Directors pressured to show their margins

Asciano is the first company to disclose the margin loan positions of its executives following a reminder of disclosure obligations from the Australian Securities Exchange [...]

POSTED ON March 4, 2008
Allco founder stands aside

Allco founder David Coe stepped down as executive chairman yesterday and an insider has revealed that issuing a profit warning was considered as far back [...]

POSTED ON March 4, 2008
Financials fall in share market dive

Almost $40 billion was wiped from the value of the local sharemarket yesterday with financial stocks being hit hardest. Concerns about the impact of the [...]

POSTED ON March 4, 2008