Using a reverse mortgage to pay for retirement

The average age of borrowers taking out a reverse mortgage is 75, so many Aussies are turning to reverse mortgages to pay for their retirement.

Women's superannuation balances are increasing, but the gender gap is getting bigger

The Association of Superannuation Funds of Australia (ASFA) have released an analysis that shows while the average super balances for women are increasing, they are still well behind that of men – and the gap is growing.

CBA remains leader among Australia's major four banks for customer satisfaction

Roy Morgan data has named Commonwealth Bank customers the most satisfied customers of all the big four banks.

Car association demands better emissions tests

The Australian Automobile Association (AAA) will today begin a campaign to urge the Federal Government to introduce real-world emissions testings for new cars that consider Australian conditions.

Westpac to refund $65 million to customers

Westpac has announced it will provide refunds to customers who hold ‘packaged’ accounts after approximately 200,000 customers did not receive benefits they were entitled to.

Consumer confidence weakens across Australia

ANZ-Roy Morgan data has found that Australian consumer confidence fell 1.2 per cent last week, below the long-term average.

Optimistic' RBA minutes reveal reasons for cash rate decision

While the RBA minutes reflect an optimistic outlook towards international and domestic economic conditions, high levels of household debt and weak wages growth were noted as “likely to be constraining influences” on the decision to hold the cash rate.

Will Australian property prices crash?

Global financial crisis 2.0 or just a lot of hot air? Dr Shane Oliver, has weighed in on the debate.

What's the difference between a savings account and a transaction account?

We’ve put together the following overview to help you better understand these two account types and find one that best suits your needs.

Dodgy broker "motivated by greed" sentenced to 5 years' jail

Mr Najam Shah has been sentenced to five-years’ jail after pleading guilty to one charge of conspiring to defraud financial institutions in Australia's biggest ever home loan scam.