Yet despite these headwinds, many money managers – perhaps most – still claim that they’re beating the market. Are they lying? You be the judge… Join discussion...

Very interesting survey. There's a need for more financial literacy in Australia. This passage looks interesting... "Based on an online survey of 1180 adults in October, the study shows education is not the main determinant of good or bad financial behaviour with the tertiary qualified almost as likely as early school leavers to make poor decisions...More than half those took out home loans recently had not considered that they might lose a job or become sick." Join discussion...

The last sentence sums it all. Join discussion...

"CREDIT providers face strict new compliance reviews and applicants for new licences will be subject to rigorous checks to ensure their applications are accurate as the corporate regulator steps up its enforcement of a new national credit regime." Join discussion...

Big Brother coming! Join discussion...

This is getting interesting! Join discussion...

"...Labor wants to change that so lenders would be prevented from drawing a credit card account over the maximum limit without the consent of the consumer. The government also proposes to ban unsolicited credit limit extension offers." Join discussion...

Analysts who make the really big calls are few and far between, writes Michael Evans. Why? Conflict of interest. Join discussion...

"The Chancellor will announce that he will hand a host of new controls to the Bank to prevent another financial crisis. The powers will mean that, for the first time in the modern era, the Bank could impose restrictions on the amount banks can lend. " Join discussion...

"new international rules being considered by the Basel Committee on Banking Supervision. In a statement after the talks, the two men affirmed their commitment to push for “stronger capital and liquidity requirements.” " Join discussion...