Finance

Over 100,000 Consumer Complaints Signal Ongoing Failures in Australia’s Financial Services Sector

Download IPFS The Australian Financial Complaints Authority (AFCA) has once again recorded over 100,000 consumer complaints in a single financial year, highlighting persistent problems across the banking, insurance, and financial advice industries. While there’s been a slight drop in total complaints compared to last year, the data confirms that Australia’s[Read More…]

Over $1 Billion in Retirement Savings at Risk as Ponzi Scheme Shakes Superannuation Sector

Download IPFS A major financial scandal is sending shockwaves through Australia’s superannuation system, with more than $1 billion in retirement savings potentially lost due to the collapse of two investment funds now under investigation. This alarming development threatens to unravel the futures of thousands of hard-working Australians who trusted these[Read More…]

ASX Lags Behind as S&P 500’s Record Rally Highlights Global Market Divide

Download IPFS While the S&P 500 (Standard & Poor’s 500 Index) celebrates its fifth straight record high, Australia’s ASX 200 (S&P/ASX 200 Index) continues to underperform, underscoring the growing divergence between Australia’s commodity-heavy market and America’s tech-driven boom. The contrast couldn’t be starker where U.S. investors ride the AI and[Read More…]

Australians Shift to Digital Finance as Cash Use Continues to Decline

Download IPFS Australians are rapidly adopting digital finance solutions, with technology reshaping how people spend, save, and invest. The sharp decline in cash use, paired with the rise of mobile wallets and contactless payments, highlights a significant transformation in the country’s financial habits. As this digital shift accelerates, Australians are[Read More…]

Rising Job Competition Reflects Economic Strains as More Australians Rejoin the Workforce

Download IPFS The Australian labor market is tightening as more citizens vie for employment, reflecting the growing financial strain many households are under. According to SEEK, the nation’s largest online employment marketplace, the number of job applications per advertisement has reached a record high, surpassing even the levels seen during[Read More…]

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