Banks forced to repay customers $41 million

National Australia Bank has been forced to pay $36.5 million in compensation after the regulator revealed it had ripped off hundreds of thousands of superannuation members and knocked back insurance claims to seriously ill customers.

Fight over super's objective heats up

Should compulsory superannuation aim to give Australians a retirement that is "comfortable," "adequate" or "dignified"?

Credit card perks to rise as bank competition intensifies: Apple

Apple predicts its system that turns iPhones into "digital wallets" can unleash a new round of competition between banks on credit cards, pushing lenders to offer shoppers more perks for paying on credit.

Banks forced to repay customers $41m

National Australia Bank's wealth arm has been forced to compensate customers $36.5 million, after wrongly charging fees to superannuation customers and incorrectly assessing insurance claims.

Home and car insurance prices tipped to rise in 2017

Home and car owners face a 4 per cent lift in their insurance bills this year, according to new industry predictions.

Hobart steals property crown from Sydney, Melbourne

Hobart's property market experienced a growth spurt in the last three months, with house prices in the Tasmanian capital posting a bigger quarterly rise than all other capital cities.

Investor lending jump may concern regulators: economists

The banking regulator's cap on property investor loan growth could be back on the agenda unless conditions soften, economists say, amid a resurgence in bank lending to landlords.

Future Fund's return target should be 'revisited': Costello

Future Fund chairman Peter Costello has signalled the sovereign wealth fund will face an uphill battle in hitting its long-term performance target.

Australia now makes more from tourism than exporting coal

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Australia now makes more money selling tourism services to foreigners than it makes from exporting coal.