As many smartphones as peopleBY ALEX DUNNIN | MONDAY, 18 JUN 2012 11:30AM
Half the Australian population is now using smartphones, a shift that is expected to ratchet up pressure on superannuation funds and wealth managers to use the emerging channel to communicate with members and distribute information.
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Australian Housing: Continued Declines Weigh on Economy
At least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business.
The Labor party will launch a senate inquiry into whether regulation around payday lenders such as Afterpay is adequately protecting low and middle income, and financially stressed Australians.
ASIC is set to review banking and financial literacy programs in Australian primary schools, including Commonwealth Bank's recently criticised Dollarmites program.
Self-managed super funds continue to have the lowest fees across all superannuation vehicles, charging an average total expense ratio of 0.82%, latest Rainmaker Research shows.
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