| How Credit Card Balance Transfers Can Damage Your Credit Rating Since the banks and finance providers have been castigated for the way they seemingly indiscriminately awarded credit to people who could ill afford it, the chances of being accepted for loans and credit cards have decreased. Concurrently, there is a greater focus on individual's being aware of how credit works and what their financial behaviors means in terms of a credit score and history. - read more
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| Credit Card Secret Guarantee Most people use credit cards in some form or another but few truly appreciate one of the special features of credit cards that make using their credit card to insure their purchases. - read more
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| 5 Credit Killers A good credit score speaks volumes about your financial habits. It's the evidence most creditors need to evaluate your credit worthiness. - read more
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| 7 things you need to know about a Hire Purchase loan There are seven things you should know before you ever think of getting a Hire Purchase loan. Knowing these things will give you control and power in the loan process. Power and control will will save you money - read more
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| ASIC Cancels Beacon Wealth's Australian Financial Services Licence Sun, 10 May: The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services (AFS) licence of Beacon Wealth Pty Ltd, citing the company's cessation of financial services operations and failure to recommence business activities. - read more
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| ASIC Initiates Legal Action Against Fortnum Private Wealth for Cybersecurity Failures Sun, 10 May: The Australian Securities and Investments Commission (ASIC) has commenced legal proceedings against Fortnum Private Wealth, alleging that the financial advisory firm exposed clients to significant cybersecurity risks through inadequate security measures. - read more
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| HESTA Announces Significant Insurance Fee Reductions and Enhanced Member Protections Sun, 10 May: HESTA, a prominent Australian superannuation fund, has unveiled a series of changes aimed at providing more accessible and affordable insurance coverage for its members. Effective from 1 July 2026, these adjustments include an average 12% reduction in insurance fees across all cover types, encompassing death, total and permanent disablement (TPD), and income protection cover. - read more
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| APRA Implements Reforms to Strengthen Longevity Product Market Sun, 10 May: The Australian Prudential Regulation Authority (APRA) has finalised amendments to its prudential standards concerning the capital treatment of longevity products, including annuities. These reforms, set to take effect on 1 July 2026, are designed to bolster the market for retirement income products by supporting innovation and reducing unnecessary regulatory constraints, all while maintaining robust prudential safeguards. - read more
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