fees

The policy, research and advocacy body for Australian superannuation, ASFA, calculates two important retirement income statistics each year: the amount needed for a modest retirement and the amount for a comfortable retirement. ASFA's definition ... More

The financial advice industry had the professional equivalent of an enema at the banking royal commission. And research shows that Australians in need of advice will most likely be better off for it. While financial adviser numbers have fallen, professional ... More

The banks are taking off the gloves in their fight for market share with the buy now, pay later (BNPL) providers, with National Australia Bank (NAB) and Commonwealth Bank (CBA) both rolling out no interest credit cards. On Thursday, NAB launched the ... More

We recently received an email from a Money reader, Kay. Kay had put down $11,586 for a trip. Then the borders shut in response to the spread of coronavirus, shrinking the prospect of travel to zero. She asked the company for a refund, which it agreed ... More

Members of merged super funds have a lot to smile about, with fees dropping an average of 21%. Analysis from Rainmaker Information (publisher of Money ), looked at 13 mergers involving 22 super funds; 11 traditional mergers, the integration of Virgin ... More

Two Westpac subsidiaries and a major superannuation provider are in hot water after they were found to have charged members for financial advice they never received, with some seeing upwards of $20,000 wrongfully taken from their accounts over several ... More

A potential merger is set to change the superannuation landscape and would have implications for more than 1.5 million Australians. QSuper and Sunsuper are about to commence due diligence for a merger which, if completed, would create the country's ... More

The royal commission's recommended changes to the Banking Code of Practice kicked in yesterday, heralding a new chapter in Australia's beleaguered financial services industry. Changes include: Ceasing default interest on agricultural loans while ... More

From gym memberships to health insurance discounts; from home loans and term deposits to credit cards; and from computer deals to travel insurance, super funds offer extra benefits to compete for your membership. New Rainmaker Information research tells ... More

Super is a bargain with the future. We put money aside now and trust that it will be there when we're older. When it works, that's great. But for too many people, at least some of that trust is misplaced. The Productivity Commission last year ... More