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FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... stories so far in 2020. It wasn't always easy either. Like most of you, we spent a decent chunk of the year working from home and faced quite a few curveballs along the way; few companies are eager to draw attention to themselves in the midst of ...

Real estate proves resilience: CoreLogic

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The residential real estate market has proved resilient in the face of the economic shutdown caused by COVID-19, according to CoreLogic's 2020 Best of the Best report. Australia's $7.2 trillion real estate market was upheld by the top end, with luxury ...

ASIC unveils school banking program review

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
School banking programs are marketed as a force for good in the community, targeting vulnerable customers in young children who don't end up improving their financial management behaviour, ASIC's two-year review found. After engaging nearly ...

Aussie, Lendi to merge

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 DEC 2020
Lendi and Commonwealth Bank have entered into an agreement to merge Lendi with Aussie Home Loans. The merged business will maintain a multi-brand strategy but Lendi will also access the more recognisable Aussie brand name and its national network of ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... provide API infrastructure. CDR went live this year. On 1 November 2020, the four major banks could share data relating to home, investment and personal loans, and joint accounts at the request of customers. In October, the rules were amended to include ...

Cbus, Media Super merger progresses

JAMIE WILLIAMSON  |  TUESDAY, 15 DEC 2020
... 12 months while retaining their respective brands. A merger of the two would see the creation of a $60 billion super fund, home to about 840,000 members, by late 2021. Cbus chair Steve Bracks said the due diligence process the funds have undertaken provided ...

Household capital a retirement solution: Research

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
... research from Heartland Seniors Finance conducted by RMIT University found 90% of senior Australians want to remain in their home for as long possible but limited superannuation and the rising cost of living is restricting this. Around 36% of older Australians ...

University debt weighs on personal investing

KANIKA SOOD  |  WEDNESDAY, 9 DEC 2020
... university debt had a "moderate to very large" impact on their ability to start personal investing outside of superannuation. On home ownership, 50% said HECS-HEP debt impacted their ability to buy a house, with 18% labelling it as a "very large impact". ...

Iress scores dealer group mandate

JAMIE WILLIAMSON  |  TUESDAY, 8 DEC 2020
A privately owned dealer group home to more than 70 financial advisers has partnered with Iress to provide a streamlined compliance solution. FYG has adopted Iress' data analytics solution, Lumen. The Lumen software scans for risks such as non-compliance ...

Cbus expands clean-energy holdings

KARREN VERGARA  |  TUESDAY, 8 DEC 2020
... the way businesses operate, with increased reliance on technology and innovative business models as more people work from home," he said.