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Do You Have Enough Life Insurance Cover?
Fact: Only 4% of Australian families who have dependent children have adequate life insurance.
Whilst most Australians who work have some kind of life insurance included as part of their superannuation, more often than not, this may be inadequate to cover those that depend on them, in the event the worst happens.
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St. George Announces Launch Of New Amplify Rewards Credit Card In Partnership With Qantas
St. George Bank has announced the launch of a new credit card in partnership with Australian flag carrier Qantas.
The new credit card which is called ‘Amplify’ offers credit card users a new way to earn rewards points. St. George’s Amplify credit card gives the holder the ability to choose between two different rewards programs, Amplify Qantas or Amplify Rewards.
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NAB Finalises AXA APH Deal
Australian banking major, National Australia Bank (NAB) says it has finalised its acquisition bid for AXA Asia Pacific Holdings (APH), reaching agreement with APH’s French parent, that values its subsidiary at nearly $14 billion.
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ANZ Makes Key Asia Pacific Hire
Australian banking major ANZ has managed to poach a senior executive from global banking giant Citigroup to run its South and South East Asian operations, as it seeks to double the income the lender generates from the region by 20 per cent.
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NAB Places Customer At The Heart Of Its Growth Strategy
It has been a year since Cameron Clyne assumed the helm of Australian banking major National Australia Bank (NAB) and unveiled his “people’s bank” strategy, which was developed around the notion that lenders need to work hard in order to earn the respect of the communities they serve.
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RBA Says Big Four Banks Responsible For Their Higher Funding Costs
The Australian central bank has levelled an accusation at major Australian lenders saying that they are responsible for driving up their own funding costs by aggressively waging war with each other for retail deposits, forcing up savings rates in their effort to win customers.
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Australians Losing Faith In Super Funds
The level of confidence Australians have in the superannuation industry has fallen to its lowest level, with many worrying that they will not have enough retirement income following the global financial crisis, which reaped havoc on super fund balances.
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Credit Union Australia Launches Assault On Home Loan Market
The largest credit union in Australia has launched an all out assault on the country’s home loan market and cut its standard variable interest rate by 25 basis points to 6.37 per cent.
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Competition In Australian Mortgage Lending Intensifies
The competition in mortgage lending has intensified according to the results of a new survey, which suggests that the market share held by major lenders in the home loan market diminished during the December quarter.
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NAB Extends AXA APH Deadline
Australian banking major National Australia Bank (NAB) says it has extended the deadline for finalising the documentation for its proposed $13.3 billion acquisition of AXA Asia Pacific Holdings (APH) until March 29th.
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