ASIC recently conducted a review of the financial advice arm of Australia’s five largest banking and financial services institutions on how they administer the conflict of interest in providing financial advice whilst also producing their own in-house financial products. In crude terms, the issue ASIC was looking at was this – can you give advice […]
Archives for February 2018
How to register for NPP super fast payments
The New Payments Platform (NPP) launched yesterday, going live across 60 financial institutions including the four major banks to provide a new lightning-fast payment system. NPP is set to revolutionise the way we make payments with instant bank transfers using a PayID only. That’s right, the days of double checking correct BSB and Account […]
Census shows retirement income disparity between men and women
The ABS has released statistics from the 2016 Census (remember that thing we filled out?) on retirement from the 9.4 million Australians aged 45 years and over. Out of this above age group, 65% had made superannuation contributions which comprised of more than three quarters of retired men in comparison to just over half of […]
A Beginner’s Guide to Bitcoin
Bitcoin is a form of cryptocurrency that has only emerged in the past decade. Instead of paper notes or metal coins, cryptocurrencies are a form of digital currency that we refer to as being ‘decentralised’ because it functions without a central organisation e.g. a bank. Instead, the network is comprised of users who transact between […]
Should You Invest in Bitcoin?
Should you invest in bitcoin? When an old school friend told me that he was thinking about quitting his plumbing job to become a full-time bitcoin trader, I thought it was about time to write an article on my understanding of this phenomenon. Before we get into whether I think a series of 0s and […]