Super funds warned over delays in assessing life insurance claims
ASIC believes the scale of alleged failings at $94-billion super fund Cbus are a broader industry issue, and it’s flagged there could be more “enforcement action to follow”.
- by Sumeyya Ilanbey and Clancy Yeates
Latest
Afterpay billionaires say Australia is well on its way to a cashless future
Nick Molnar and Anthony Eisen built an empire by detecting and responding to major shifts in financial behaviour. So their views on the immediate future carry weight.
- by Clancy Yeates
Opinion
Banking products
Banks spend billions on tech, so why are outages still a thing?
You are not imagining it: the overall impact of banks’ technology glitches hasn’t really improved, despite their deep pockets.
- by Clancy Yeates
Opinion
Payments
Why those pesky card surcharges are no longer doing their job
Extra fees for paying on a card have annoyed consumers for years. Now there’s a compelling case for making significant changes to the surcharging regime.
- by Clancy Yeates
Opinion
Banking products
Would banks use Reserve Bank rate cuts to claw back a bit extra from savers?
Savers beware: some analysts think that when interest rates fall, banks will try to cut rates on savings accounts by more than the RBA’s reductions.
- by Clancy Yeates
Opinion
Retail
Frugal response to tax cuts should be music to Reserve Bank’s ears
The lack of a tax-cut-induced spending spree shows consumers have well and truly got the message about tightening their spending.
- by Clancy Yeates
‘Chilling effect:’ Business heavyweights send an economic warning to Canberra
Business titans said the rising populist tone in public debate is a danger to the economy as they faced Prime Minister Anthony Albanese at a high-powered event on Tuesday night.
- by Clancy Yeates
Opinion
Home loans
Rise of the mortgage broker: Battle brews over home loan spoils
Major banks are engaged in a rearguard action to retain relationships with home loan customers, after the transformative rise of mortgage brokers.
- by Clancy Yeates
Opinion
World markets
Why this booming, opaque corner of finance has watchdogs worried
This $US2 trillion market is in the sights of regulators, and many of us are indirectly exposed to its risks through superannuation.
- by Clancy Yeates
Updated
World markets
ASX edges lower as banks and tech stocks fall
The Australian sharemarket drifted lower amid a flurry of earnings reports from companies such as Woodside, BHP and Coles.
- by Clancy Yeates and Sumeyya Ilanbey
Opinion
Property investment
Should big super get involved in tackling housing affordability?
Recent moves by major funds to invest in housing are welcome, but we shouldn’t expect the sector to have a significant impact on the wider property market.
- by Clancy Yeates
Original URL: https://www.theage.com.au/by/clancy-yeates-hveh2