ASX dives 1.4%, ASIC sues ANZ, CBA raises mortgage rates again

asx dives 1 4 asic sues anz cba raises mortgage rates again

Sumary of ASX dives 1.4%, ASIC sues ANZ, CBA raises mortgage rates again:

  • In the June quarter, for example, the number of insured Australians went up by more than 65,000, but the number of insured people aged between 20 and 24 saw a net decrease of more than 5000.Bringing a “Netflix and Spotify model to the industry”: Flip insurance startup’s Kathleen Weaver and Chris Borrett.
  • Over the past few months, investors and members have been given a taste of new models of health and injury insurance designed to court this group of Australians more effectively.
  • It will give users a digital health record and personal health-check tools as well as access to Nib’s medical network and the prices it pays doctors – but the fund will not cover the cost of those appointments.
  • Read the full story hereAustralian investors shouldn’t expect a repeat of the mammoth payouts they received in the 2021 financial year, with post-COVID market volatility and weaker iron ore prices likely to make companies more cautious on dividends.
  • With research from asset manager Janus Henderson this month highlighting that Australian payouts grew four times faster than the rest of the world, hitting a record of $41.9 billion in the third quarter of 2021, experts are warning of a more subdued outlook for the 2022 financial year.
  • High iron ore prices drove mining giants’ massive payouts in the 2021 financial year.
  • Read the full story hereLocal prescription software startup MedAdvisor will double down on capturing US market share as pharmacies emerge from the COVID crunch.
  • “There’s no doubt that COVID has been a massive distraction in the US, particularly in the pharmacy market.

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