For most Australians, about 10% of every single paycheck ever earned goes into superannuation, making retirement nest eggs our second-largest asset, behind the family home. The annual Fat Cat Funds report from Stockspot highlights that the worst-performing funds typically have the highest fees, while the best performing funds charge the lowest fees. Speaking with Brooke […]

Are Australians spending their way out of recession? Sales at Harvey Norman for July 1 through to September 17 were up 30.6 per cent year on year, while pre-tax profits for July to August surged a whopping 185 per cent. “I’ve been in retail for 60 years now and I’ve never, ever seen anything like […]

The food distribution sector has fears over Woolworths’ entrance into their market. The supermarket giant entered the food distribution market with a $552 million deal to buy PFD Foodservices. Now, National Association of Food Distributors of Australia CEO Brad Lee told Ben Fordham “mum and dad businesses” will suffer. “We’ve got the big boy now […]

In a bid to attract younger customers, two of the Big Four banks have introduced credit cards with 0% interest rates. However, there’s no such thing as a free lunch, just like there’s no such thing as free credit from a Big Four bank, and instead of accruing interest, the 0% credit cards attract high […]

About half of the 77,000 NAB customers whose mortgage repayments have been deferred will soon receive a phone call from the bank and their ability to resume making repayments will be assessed. About 15% of NAB customers who paused their home loan have been able to recommence making repayments but the balance of customers are […]

If a company is receiving JobKeeper payments, should its CEO be paid a hefty bonus? Analysis from corporate governance consultancy Ownership Matters revealed at least 25 companies in the ASX300 have paid out more than $24 million in bonuses to CEOs and other executives after claiming JobKeeper subsidies. The analysis calls into question whether the […]