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12-month TD rate hits 3 per cent

The top rate for a 12-month term deposit has cracked 3 per cent, after being stuck at 2.8 per cent for months. With rates going up by as much as 44 basis points, it is a good time for savers

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What the profit reporting season holds

With the profit reporting season getting into its stride this week, ASX-listed companies are on target to deliver close to double-digit earnings growth. However, there will be significant variations between sectors. UBS says it expects earnings growth of around 9

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Fixed mortgage rates fall

While home loan borrowers have been counting the cost of rising variable mortgage rates over the past couple of months, there is good news in the fixed rate segment of the market, where rates are going down. The latest Mozo

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Life insurance premiums to soar

Super fund members could end up paying anywhere between 11 and 26 per cent more for life insurance cover offered by their funds, when changes to the system result in fewer young fund members and those on low incomes having

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Cryptocurrency taken into custody

Two local companies, Decentralised Capital and Custodian Vaults, have formed a partnership to offer an insured cryptocurrency custody service, claiming it is a first for Australia. Custodian Vaults is Australia’s largest independent precious metals secure storage service. It also offers

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ASIC takes aim at super industry

ASIC Chair James Shipton has laid the groundwork for the regulator to play a far more activist role in overseeing the superannuation industry. In a speech to the Financial Services Council Summit, he spoke of “deficit trust” facing the finance

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SMSF Association draws a line in the sand over costs

The SMSF Association has taken issue with the Productivity Commission’s draft findings about the cost effectiveness of self-managed super funds (SMSFs), arguing the evidence used to reach this conclusion is “fundamentally flawed”. And the Commission’s focus on costs also fails

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Finding the right balance between equity income and growth

Long-standing domestic equity manager Australian Foundation Investment Company (AFIC) has made significant changes to its $7.3 billion portfolio in a bid to find the right balance between dividend and capital growth. AFIC’s 2017-18 financial report shows that it had to

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What Australia’s top equity manager is buying now

After topping the Australian equity fund performance tables last year, Bennelong Australian Equity Partners has maintained its very strong track record with one of the highest returns for the financial year. While the fund maintains its focus on high quality

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Mortgage rate rises keep on coming

Bendigo Bank and Teachers Mutual Bank have joined the growing number of lenders increasing their home loan rates. Most increases are around 10 basis points but some are higher. Bendigo has increased the rate on owner-occupier principal and interest loans

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