By STUART WASHINGTON - Rosemary Walker, 72, does not understand why the super fund was changed to Astarra. Photo: Simon Alekna LIFE SAVINGS of 250 low-paid racecourse workers have been caught up in a $123 million fraud case that could become the biggest superannuation theft in Australian history. Tabcorp's NSW casual racecourse wagering staff say they have not been told how much ... Read More

THE sole winner of the $30 million OZ Lotto drawn on Tuesday night, who bought their ticket in Sydney's Inner West, has still not claimed their massive windfall. As at 12pm, the $30 million prize had not been claimed. “The media attention this win has received in the last 24 hours should have alerted the winner to check their entry,” NSW Lotteries ... Read More

Kim Christian - AAP 28pc too reliant on debt Benefits of recovery not yet felt 22pc classed as financially fit ALMOST a third of Australian women and a quarter of men are classed as financially unfit, despite improvements in the economy, a survey shows. Nearly 28 per cent of those surveyed had an over-reliance on debt, little or no regular savings, no insurance coverage and ... Read More

Karina Barrymore - News Limited ATO getting tough on self-managed super More penalties, tax bill for breaking rules DIY funds shut for improper lending THE Australian Taxation Office has launched a blitz on unlawful self-managed superannuation funds, with almost 100 funds shut down last year. According to the latest ATO data, it made 99 self-managed funds non-compliant in 2009, compared with 24 the previous year and only five ... Read More

Anthony Keane - News Limited Managed funds pool investors money to invest Good for people who lack time, confidence Keep an eye on fees MANAGED funds can be a good investment option for people without the time or confidence to invest directly into assets. But with more than 11,000 funds available to Australians, how do you choose the right one for you? Managed funds pool people's ... Read More

Nick Gardner - News Limited newspapers AFTER the sharp rally in the stock market last year, many people are looking for a safe home for their cash a home where their capital is more secure and they can earn a predictable return over the coming months and years. The first product that springs to mind may be term deposit accounts, but another ... Read More

David and Libby Koch - News Limited newspapers BANK fees quietly and insidiously plunder your savings, often without your knowledge. Australians on average lose $1000 a year to bank fees and it grows about 8 per cent a year. Often we pay those fees because of our own laziness. We don't know about you, but we'd rather keep that $1000 for ourselves than ... Read More

Sunday Telegraph A QUARTER of Sydney homeowners who bought and sold their properties during the past five years lost money. Despite a broadly rising market, property analyst Residex has revealed 24 per cent of properties bought and sold between January 2005 and January 2010 fetched less than the vendors had paid. The average shortfall was more than $54,000 but varied between suburbs. The biggest ... Read More

From correspondents in San Francisco - AFP APPLE chief executive Steve Jobs presided over an annual meeting of stockholders that re-elected the company's board including former US vice president Al Gore. Mr Jobs, unshaven and sporting his trademark blue jeans and black shirt, smoothly handled questions from stockholders clearly happy to see him back. It was his first meeting with stockholders since returning ... Read More

John Rolfe, Consumer Affairs Reporter - The Daily Telegraph Mario and Nebia Gigliotti are having problems with the Commonwealth Bank. YOU know those Commonwealth Bank posters that say, "We are determined to make you think wow that was a pretty un-bank like conversation with a person in a bank." Nice sentiment. Pity about the reality. Nebia Gigliotti's husband Mario succumbed to lung cancer two ... Read More