Should you upgrade to a 5G phone this year?

Should you upgrade to a 5G phone this year?

Last week, you may recall, we answered the "K" question with a big shrug of the shoulders, why not upgrade to 8K? What have you got to lose, apart from your money (of which you have plenty) and your dignity (Facebook has stripped you of that already)? This week, we're looking at the "G" question.…
Chris Bowen to give APRA more power to shut bad super funds

Chris Bowen to give APRA more power to shut bad super funds

A package of measures designed to protect low-balance super accounts from fee erosion is already before federal Parliament but Labor refuses to support them because the party disagrees with insurance being made non-compulsory for under 25s. Labor says it wants to protect young workers in dangerous jobs by ensuring they get insurance cover by default…
Hopes fade for a Shanghai Accord Mark II

Hopes fade for a Shanghai Accord Mark II

But although the International Monetary Fund has cut its forecasts for world economic growth this year to 3.5 per cent, and China's economic growth has slowed to its slowest pace in nearly three decades, and the Chinese sharemarket suffered a bruising 25 per cent decline last year, there's little sign that a "Shanghai Accord" is…
IOOF caught in second super debacle

IOOF caught in second super debacle

The funds used for the purchase came from the Bendigo Defined Benefit Reserve Account. Defined benefit account members receive fixed payments for life and are typically retired. A spokesperson for Bendigo Bank said it was aware of the situation and would continue to monitor "appropriateness of our arrangements for staff super in the ordinary course…
In defence of active fund managers

In defence of active fund managers

The numbers that have prompted such upset are for one year. And already, the market is clearly differentiating between managers that got caught in a sharp rotation with a strong track record, and those that don't have it. If there's a legitimate reason for a bad quarter or two, and even the underperformance is only…
Afterpay regulatory risks fading

Afterpay regulatory risks fading

Afterpay chief executive Nick Molnar and executive Anthony Eisen rushed to assure the committee that the vast bulk of its revenue comes from the retailers who have adopted the product in their tens of thousands; just over 20 per cent of revenue comes from late fees collected from consumers. Verifying income But given the focus…
How to tell if your super fund is a dud

How to tell if your super fund is a dud

Another way to consider fees is as a percentage of assets. As a rule of thumb, paying more than 1 per cent of your balance in fees warrants further investigation. The PC, which spent three years examining competition and efficiency in the super system, highlighted a category of high-fee products. That is, products with fees…
Xi Jinping warns China to be ‘highly alert’ for ‘black swans’, ‘grey rhinos’

Xi Jinping warns China to be ‘highly alert’ for ‘black swans’, ‘grey rhinos’

Unlike during the global financial crisis when the confidence of China's leaders in China's growth did not waver, the language from the country's economic policymakers has shifted this month in a growing acknowledgment of the risks facing the economy domestically and from international tensions. China's state planning body on Tuesday warned China's employment market was…
Suncorp shakes up lending rates and commission payments

Suncorp shakes up lending rates and commission payments

Shop around Upfront commission payments to mortgage brokers will be calculated on the net loan balance five calendar days after the date of the settlement. That is, the approved loan amount less any funds held in offset, or available for redraw by the borrower. "Suncorp believes most customers have drawn down their funds within five…
‘Best in show’ is essential if superannuation is to ever lift its game

‘Best in show’ is essential if superannuation is to ever lift its game

This is the heart of the problem in superannuation. In a normal market, if you perform poorly, people stop buying your product, leaving you to improve, merge or go out of business. Normally, this is a clarifying discipline that drives innovation and better products. In superannuation, the poor performance of some funds has gone unchecked…

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