News image: Rumours Ignite Nissan Stock as Potential Honda Merger Looms Rumours Ignite Nissan Stock as Potential Honda Merger Looms
Thu, 19 Dec: Nissan's stock experienced a significant boost on Wednesday, surging by 22% after reports emerged of a potential merger with Honda. This speculative news has captivated investors, despite Honda seeing a slight downturn with a 1.2% drop in their shares. - read more
News image: Australian Government Targets Wealthy Super Accounts for Revenue Boost Australian Government Targets Wealthy Super Accounts for Revenue Boost
Thu, 19 Dec: Treasurer Jim Chalmers is refocusing fiscal strategies to scrutinize the tax concessions on high-value superannuation accounts. This strategic move aims to address the projected substantial cost of $55 billion to the Commonwealth this financial year. - read more
News image: ANZ Faces Shareholder Discontent Over Remuneration Amid Scandal ANZ Faces Shareholder Discontent Over Remuneration Amid Scandal
Thu, 19 Dec: ANZ is grappling with a significant backlash from its shareholders following a bonus dispute linked to a recent bond trading controversy, marking an unprecedented strike against the bank's executive pay proposals. - read more
News image: Building Resilience: ICA Aligns Floods Inquiry Plan Building Resilience: ICA Aligns Floods Inquiry Plan
Thu, 19 Dec: The Insurance Council of Australia (ICA) is strategically addressing the recommendations from recent inquiries into flood responses and code of practice in its latest updates. Acknowledging the variety and complexity of the suggestions, ICA supports 78 out of the total recommendations presented, tackling them in a staged and structured manner. - read more
News image: Consumer Confidence Wavers Amid Mixed Economic Signals in Australia Consumer Confidence Wavers Amid Mixed Economic Signals in Australia
Wed, 18 Dec: As 2024 concludes, Australians' confidence about economic prospects has diminished, though there were substantial gains in sentiment over the year. The concerns stem largely from an uncertain economic forecast. - read more
News image: The Surprising Gap in Financial Advice Among Superannuation Members The Surprising Gap in Financial Advice Among Superannuation Members
Wed, 18 Dec: A recent study has shed light on the perplexing trend of Australian superannuation members' reluctance to seek professional financial advice for their retirement planning. This aversion to expert guidance may have unexpected repercussions on their future savings decisions. - read more
News image: Mortgage Rates Climb: Australians Face a Holiday Financial Surprise Mortgage Rates Climb: Australians Face a Holiday Financial Surprise
Wed, 18 Dec: As the festive season approaches, Australian homeowners are facing unexpected challenges with increased mortgage repayments. Recent analyses highlight a notable shift in interest rates, impacting both fixed and variable loan agreements. - read more
News image: Major Acquisitions Shake Up the Australian Life Insurance Sector Major Acquisitions Shake Up the Australian Life Insurance Sector
Wed, 18 Dec: In a significant move estimated at $13 billion, MLC Life Insurance and Resolution Life’s subsidiaries in Australia and New Zealand are set to merge. This development is part of an acquisition involving Nippon Life, a major player in the global insurance industry. - read more
News image: Private Credit's Momentum Persists Amid Changing Rate Landscape Private Credit's Momentum Persists Amid Changing Rate Landscape
Tue, 17 Dec: As interest rates begin their downward trend, one might assume that private credit investments would lose some of their appeal. However, the chief executive of Pengana Capital Group's dedicated private credit division remains optimistic about the sector's future due to ongoing investor enthusiasm. - read more
News image: Sure Highlights Coverage Gaps in Cyclone Zones Sure Highlights Coverage Gaps in Cyclone Zones
Tue, 17 Dec: An alarming gap in insurance coverage has been spotlighted by Queensland underwriting agency, Sure, as it drew attention to underinsurance among cyclone-susceptible areas. Their comparison of coverage across the state reveals stark contrasts that could have dire consequences for residents. - read more
News image: Festive Cheer: Australian Families Set for Slight Relief in Christmas Grocery Costs Festive Cheer: Australian Families Set for Slight Relief in Christmas Grocery Costs
Mon, 16 Dec: In a welcome bit of relief during a time of year often associated with spending, Australian families are expected to see a small decrease in the cost of traditional Christmas meals, including the much-loved barbecue. Recent research indicates that household spending on festive groceries is poised to drop slightly. - read more
News image: Are You Overpaying for Default Super Fund Insurance? Are You Overpaying for Default Super Fund Insurance?
Mon, 16 Dec: Amid growing concerns, the Australian Prudential Regulation Authority (APRA) is under scrutiny regarding the way superannuation funds determine default settings for insurance premiums, specifically life and total and permanent disability (TPD) cover. This inquiry questions whether the current premium settings truly reflect the risks involved, or if members are being charged more than necessary. - read more
News image: Chalmers Unveils New Corporate-Backed RBA Advisory Boards Chalmers Unveils New Corporate-Backed RBA Advisory Boards
Mon, 16 Dec: Treasurer Jim Chalmers has made pivotal changes to the Reserve Bank of Australia (RBA) by appointing a new advisory board rich in corporate experience. This move comes as part of an extensive reform agenda aimed at enhancing the central bank’s decision-making processes. - read more
News image: New Zealand's Economic Woes: Facing Prolonged Uncertainty New Zealand's Economic Woes: Facing Prolonged Uncertainty
Mon, 16 Dec: New Zealand is grappling with a greater per capita GDP contraction than any other English-speaking country in the past year, highlighting a challenging economic landscape that surpasses the downturns post-Global Financial Crisis. - read more
News image: Colonial First State Extends Partnership with AIA Australia Colonial First State Extends Partnership with AIA Australia
Mon, 16 Dec: In a strategic move designed to bolster member services, Colonial First State has renewed its contract with AIA Australia for an additional three years. This renewal ensures that approximately 200,000 members of the FirstChoice Employer Super, Essential Super, and FirstChoice Wholesale Personal funds will continue to receive comprehensive insurance coverage. - read more
News image: Term Life Insurance Fuels Customer Grievances Term Life Insurance Fuels Customer Grievances
Fri, 13 Dec: New insights from the Australian Securities and Investments Commission (ASIC) highlight that term life insurance sparked the most grievances among consumers last financial year. ASIC's newly released internal dispute resolution report indicates that 41% of the complaints were linked to term life policies. - read more
News image: Younger Australians Turning to Superannuation Amid Cost Challenges Younger Australians Turning to Superannuation Amid Cost Challenges
Fri, 13 Dec: Recent developments reveal a notable trend among younger Australians: the increasing relevance of superannuation in their financial planning processes. As the rising cost of living continues to present significant challenges, this demographic is seeking long-term financial strategies to counter immediate pressures. - read more
News image: ASX Listings Decline: A Sign of Shifting Investor Preferences ASX Listings Decline: A Sign of Shifting Investor Preferences
Fri, 13 Dec: As 2024 draws to a close, the Australian Securities Exchange (ASX) is facing a notable decline in the number of listed companies, a trend reflecting an increasing investor shift towards private markets. The ASX Group's Monthly Activity Report for November confirms a decrease in listings—from 2,191 companies at the year's start to 2,121 by the end of November, marking a net loss of 70 listings. - read more
News image: Car Theft Case: Ignition Key Slip Leads to Unexpected Payout Car Theft Case: Ignition Key Slip Leads to Unexpected Payout
Fri, 13 Dec: A recent ruling has shed light on an insurance predicament where a policyholder’s vehicle was taken directly from outside his house while the ignition key remained in the car. Despite this oversight, the couple involved managed to secure compensation for the incident. - read more
News image: Mental Health Drives Surge in Insurance Claims Mental Health Drives Surge in Insurance Claims
Wed, 11 Dec: In a revealing update, life insurance provider TAL has highlighted a significant increase in claims related to mental health, acknowledging the growing incidence of psychological conditions affecting policyholders. The latest data indicates that mental injuries have become the most predominant source of claims, surpassing even physical ailments. - read more
News image: Younger Aussies: Financially Driven Yet Risk-Prone – Are They Ready for the Market? Younger Aussies: Financially Driven Yet Risk-Prone – Are They Ready for the Market?
Wed, 11 Dec: A latest survey by the global wealth management firm, Fidelity, highlights a trend among younger Australians—particularly those belonging to Generations Y and Z—which showcases their substantial financial ambition and a willingness to undertake risks. However, this ambition might sometimes border on overconfidence, differentiating them from older generations. - read more
News image: Powering Employer Superannuation: A New Alliance Takes the Lead Powering Employer Superannuation: A New Alliance Takes the Lead
Wed, 11 Dec: In a transformative move aimed at enhancing the superannuation space, Morningstar has joined forces with Melbourne-based SuperAPI. This strategic alliance seeks to harness employer connections to streamline and optimize superannuation account setups, a dynamic shift from traditional methods. - read more
News image: RBA Signals Possible Rate Cut: Economic Relief on the Horizon RBA Signals Possible Rate Cut: Economic Relief on the Horizon
Wed, 11 Dec: The Reserve Bank of Australia (RBA) appears to be steering towards a change in monetary policy, hinting at a potential reduction in interest rates. This optimistic outlook arises from rising confidence in the fight against inflation beginning to tip in their favour. - read more
News image: Insurance Premium Tactics Under Scrutiny Insurance Premium Tactics Under Scrutiny
Wed, 11 Dec: In Australia, consumers are experiencing unexpected hikes in their health insurance premiums, driven by strategies some companies employ to bypass standard regulatory measures. - read more
News image: 2024 Superannuation Returns Reach New Heights 2024 Superannuation Returns Reach New Heights
Tue, 10 Dec: The superannuation landscape in 2024 is poised to wind up the year on a high note with impressive double-digit returns. Recent figures from SuperRatings signal robust earnings, predominantly driven by equity markets, propelling them to new financial heights. - read more