THE DISTILLERY: ANZ lure

One jotter sees a super solution to some of ANZ's funding cost woes, while another eyes BHP shale gas.

ANZ Bank boss Mike Smith declined to raise interest rates at the lender's first meeting since decoupling from the RBA, so for the moment he’ll have to find another way to ease increased funding pressure. The Australian’s John Durie takes a look at ANZ’s new low-cost superannuation product, designed to entice no-fuss investors to park their dollars at the Melbourne-based bank at a time when overseas funding is becoming more expensive. Meanwhile, a looming showdown between the retailers and regulators has been spotted by another commentator, and BHP’s latest numbers come up for discussion.

First, we start with The Australian's John Durie, who finds ANZ Bank trying to offset the pressure of lower margins with a new, simple superannuation product.

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