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.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles