The boss of the Reserve Bank has conceded Australia could be in for an official interest rate cut. Lowering the current rate of 1.5% would help homebuyers, but hurt retirees who depend on savings. @GemmaActon#7News
“I think Ken has missed the point. He wants trailing commissions, which are 0.15% of the loan for the life of the loan, to be banned. He says this is 'money for nothing' but has he really thought it through?” https://t.co/4V6CrI8v4w #BankingRC#ChoiceMatters
A report by Momentum Intelligence found 96.5 per cent of mortgage broking consumers wouldn't be willing to pay a fee of $2,000 for the service – equivalent to the average upfront commission currently paid by banks, @eyersj reports. #ausbiz https://t.co/86K9wRg5pK
“You think your feet are already across the threshold in the Lodge, mate. But the Australian people – they’re wising up to you" – @ScottMorrisonMP attacks @billshortenmp on retirement savings. #auspol#7News