Personal Loans Australia News

ANZ Extras - Jul 29, 2010
ANZ has introduced a transaction account with bonus interest rates on savings, insurance services and a number of non-banking benefits, such as restaurant discounts, all covered by an $18 monthly fee...

Branson's back for another crack at finance market - Jul 28, 2010
SEVEN years ago, Richard Branson flew into Australia, blondes on his arm, toothy grin on his face, idly promising to take on the big banks...

SME's miss out as banks favour housing - Jul 26, 2010
It's a major concern that lending to small-to-medium (SME) enterprises has shrunk, National Australia Bank Ltd (NAB) group executive of business banking Joseph Healy says...

FOS alternative emerges - Jul 26, 2010
A large but relatively unfamiliar external dispute resolution (EDR) scheme has emerged as a competitor to the Financial Ombudsman Service (FOS)...

Record profits say it all - Jul 23, 2010
Big banks like to deflect criticism from those who question their massive profits and fee-gouging ways by playing the ''bank bashing'' card...

NAB in British mortgage blunder - Jul 23, 2010
THOUSANDS of National Australia Bank's British customers have been hit with higher monthly payments after the bank miscalculated repayments for some variable and tracker-style mortgages...

Bank rules threaten growth, warns RBA - Jul 21, 2010
THE Reserve Bank has warned that tough global regulation planned for banks threatens to constrain the pace of economic growth by driving up borrowing costs for business and home owners...

Tier-two lenders still do it tough: GE Capital - Jul 19, 2010
SMALLER lenders still find it harder to obtain funding than do the big banks, says the tier-two money lender GE Capital...

Bias towards home lending hurts SMEs - Jul 19, 2010
The bias of the Australian banking system towards home lending could prove detrimental to the financial system and economy, according to the National Australia Bank's group executive for business banking, Joseph Healy...

Home bank becomes the one with best lending deal - Jul 14, 2010
THE financial crisis has reshaped the way Australia's biggest companies view their banks, with allegiances switching to those that have money to lend...

Banks to cool on rate rises until after poll - Jul 13, 2010
BANK executives are among those hoping for an early federal poll, with many lenders feeling the squeeze of rising funding costs but unwilling to raise mortgage rates during an election campaign...

Cutting credit is no easy snip - Jul 07, 2010
With credit card rates of more than 20 per cent becoming commonplace, people who accumulate credit balances on their card accounts are facing very high repayment costs...

Banks bond with cash as fears rise - Jul 06, 2010
AUSTRALIAN banks have been bracing themselves for funding headaches by pumping up their holdings of cash by a hefty $12...

ASIC begins rolling out credit licences - Jul 05, 2010
The Australian Securities and Investments Commission (ASIC) began issuing credit licences last week after a three-month registration process that saw almost 15,000 applications...

Funding, margins to squeeze bank profits - Jun 23, 2010
Australian banks' core earnings are set to decline as higher funding costs and weaker margins curtail their post-financial crisis earnings growth spurt, analysts say...

View deductions with care - Jun 21, 2010
We are a nation of landlords. The Australian Taxation Office shows 1.6 million people own a rental property...

ASIC warns of looming credit deadline - Jun 16, 2010
Registrations for credit licenses are about to hit 12,000 as financial services providers prepare for changes to the credit licensing regime...

RBA looks to put rates on hold - Jun 16, 2010
The Reserve Bank has indicated official interest rates could be kept on hold again late next month as it monitors Europe's debt situation and assesses Australia's inflation outlook...

How to get your own back - Jun 15, 2010
The federal government reckons introducing a standard tax deduction - $500 in 2012 and $1000 from the following year - will tempt many people to leave their claim at that and go with a tax return pre-filled by the Australian Taxation Office...

Bank workers 'worried about customers' - Jun 09, 2010
Bank workers are suffering high stress levels caused by the pressures of meeting sales targets and feeling unable to provide good customer service, a survey has found...

PIS links with CUA on bank product distribution - Jun 09, 2010
Professional Investment Holdings (PIH), the parent company of one of the country’s largest non-institutionally owned dealer groups, has confirmed it has partnered with Credit Union Australia (CUA) to distribute banking products...

Confused by credit rules? So is everyone else - Jun 08, 2010
Signing up for a home loan or credit card is a significant milestone for most Australians, but research has found many people are confused about how much it will cost...

Businesses now less satisfied with banks - Jun 02, 2010
Small to mid-sized business is again emerging as the key battleground for banks to build their lending book as the mortgage market cools...

Spend the inheritance: reverse mortgages to surge - Jun 02, 2010
A new report shows the reverse mortgage industry grew 9 per cent last year, mainly to fund retirees' living costs...

NAB facing $450m action on toxic debt disclosure - May 19, 2010
A law firm is set to file a $450 million class action against one of Australia's big banks for allegedly failing to disclose a massive debt early enough...


Wed, 28 January 2009
Banks hard pushed to reject this offer
You can almost hear the expletives ricocheting around the boardrooms of debt-laden companies across the nation as executives are ordered to find the talented lobbyist responsible for rescuing the commercial property industry...



Wed, 04 February 2009
Saving the nation
THE ailing economy has been supercharged against recession with the Government unveiling a massive $42 billion stimulus package and the Reserve Bank slashing interest rates by another 1 percentage point...



Tue, 31 March 2009
Yield of dreams: hand-picking the right fund
Amid the sharemarket turmoil, some sectors have still thrived, writes David Potts.Managed funds haven't been all bad in the past year. Just most of them.

And the ones that have been thriving are the most unlikely.

During a worldwide recession, a global equities fund posts a 46 per cent return? Sure did but you had to be in the right one.

As you'd expect, the worst one bombed badly, losing more than 70 per cent of its value in a year.

And there's one Australian share fund that almost broke even despite the fact the sharemarket had halved in value.

So sticking to cash might not have been the best strategy after all, even if it was the safest.

But its days are numbered. The Reserve Bank seems set to cut official rates to about 2.5 per cent and you can imagine what that will do to your returns from cash.

Then again, sharemarkets around the world are still volatile.

It's possible they've put the worst behind them but that doesn't mean their best is immediately ahead, either.

The next safest sector to cash, and potentially more profitable, is bond funds.



Tue, 12 May 2009
Financial News Headlines
Cut to super limits is a bit rich

Superannuation, 12 May :: 'Slug the rich." As phrases go, this is political gold. Whether it's aimed at John Howard's "battlers" or Kevin Rudd's "working families", it sends a clear message... read more

Mortgage stress defies low interest rates

Home Loans, 12 May :: Interest rates may be at historic lows in Australia but almost a third of mortgage-holders are experiencing mortgage stress, according to a new survey released by British-based research house Datamonitor... read more

Pensioners feeling the squeeze

Superannuation, 12 May :: Another quarter of negative investment returns for superannuation and pension funds means pensioners are doing it particularly tough, with many needing to contemplate a return to the workforce, according to the latest data released by research house Chant West... read more

Hourly fees will deprive many of advice: PIS

Financial Planning, 12 May :: The managing director of Australia’s largest dealer group, Professional Investment Services, has come out in support of the Financial Planning Association’s (FPA) guidance paper on the phasing out of commission payments to financial advisers, while at the same time questioning an hourly rate payment model... read more

OAMPS moves further into life insurance space

Insurance, 12 May :: OAMPS Insurance Brokers, a predominantly general insurance broking company owned by Wesfarmers, is trying to attract life insurance specialists to service its existing client book... read more

Shares hit by profit-taking

Sharemarket, 12 May :: The Australian share market finished the day weaker, pressured by banks and miners as a strong recent rally ran into profit taking, while a rush of fresh equity raisings also weighed on the market... read more

RBA forecast points to 'rates staying on hold'

Home Loans, 11 May :: A leading economist says the Reserve Bank's latest economic forecasts indicate that official interest rates will remain on hold... read more





Mon, 03 August 2009
RBA set to leave cash rate unchanged
The Reserve Bank of Australia (RBA) is expected to leave interest rates on hold in a further sign it has reached the end of its rate cutting cycle, economists say...



Mon, 10 August 2009
Stocks jump on upbeat employment data
US stocks rose on Friday to their best levels of the year after a much-awaited July jobs report was better than expected, signalling a likely turnaround in the long and painful recession...



Mon, 24 August 2009
Make the sacrifice now
Start extra super contributions and reap the benefits later, writes Bina Brown.NUMEROUS studies have shown that just contributing the 9 per cent superannuation guarantee to your retirement funds is hardly going to be enough to retire on comfortably...



Mon, 31 August 2009
IFSA calls for ‘full tax deductibility’ of advice fees
The Investment and Financial Services Association (IFSA) has called for full tax deductibility on all financial advice at an inquiry hearing today into financial products and services before the Parliamentary Joint Committee on Corporations and Financial Services...



Mon, 07 September 2009
AFA backs Treasury line on planning
The Association of Financial Advisers (AFA) has made clear it will be using today’s Sydney hearings of the Parliamentary Joint Committee on Corporations and Financial Services to back the Department of Treasury’s view on the future shape of the financial planning industry...



Tue, 13 October 2009
Personal loans top $7 billion in August
The August data released on Monday by the Australian Bureau of Statistics showed personal loans - fixed and revolving credit - rose by a seasonally adjusted 4.1 per cent compared to July to $7.18 billion.



Mon, 23 November 2009
A snug fit now, but property loans for super could vanish
SUPERANNUATION and property are the piggybanks into which most Australians pour their life's wealth. Until recently, they were treated quite differently, with superannuation locked tight to minimise risk to retirement savings but the lid on the property money box left loose...



Mon, 30 November 2009
Next generation of financial planners waits in the wings
Dealer groups must adopt programs that encourage practices to employ junior financial planners, according to e-Jobs Recruitment Specialists director Trevor Punnett...

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