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Last Updated: Monday, 11th May, 4:25AM
| ASX All Ords | 8980.5 | -1.39% |
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Last Updated: Monday, 11th May, 4:25AM
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Last Updated: Sunday, 10th May, 5:25PM
| USD | $ | 0.7250 | United States Dollars |
| GBP | £ | 0.5318 | British Pounds |
| EUR | € | 0.6149 | European Union Euros |
| JPY | ¥ | 113.5885 | Japanese Yen |
| NZD | $ | 1.2150 | New Zealand Dollars |
| CAD | $ | 0.9913 | Canadian Dollars |
| CNY | 元 | 4.9306 | Chinese Yuan |
| IDR | Rp | 12588.3323 | Indonesian Rupiah |
| THB | ฿ | 23.3594 | Thai Baht |
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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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| Share Market Basics: General Information on Shares, Dividends and Market Risks The share market, commonly known as the stock market, is a marketplace where shares of publicly listed companies are bought and sold. It can support the economy by helping companies raise capital and by allowing investors to buy and sell ownership interests in listed companies. - read more
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| A General Guide to How Investing Works Welcome to our general guide on how investing works! Whether you're just starting to think about investing or looking to refine your approach, understanding the basics can help improve financial literacy and support more informed decision-making. Let's unravel the essentials of investing to help you better understand common investing concepts. - read more
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| How to Prepare for a Smooth Refinance Experience Mortgage refinancing refers to the process of replacing your existing home loan with a new one, typically under different terms. Essentially, you're paying off your old mortgage with a new loan. This can be an extremely useful financial maneuver, allowing homeowners to benefit from better interest rates or change their loan type to suit their current needs. - read more
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| Choosing the Right Lender: Maximising Your Benefits in Mortgage Refinancing Mortgage refinancing involves replacing your current home loan with a new one, often to benefit from better terms. This financial maneuver is commonly pursued to seize lower interest rates, reduce monthly payments, or alter the loan term. It can also provide cash by tapping into the equity you've built up in your home. - read more
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