12 August 2019
Savings.com.au is a digital publisher whose primary purpose is to help everyday Australians save money. Whether it be helping people get savings ‘up-front’ or making continual savings over time which grow peoples’ future positions. Savings.com.au was born out of the need for practical and common sense ways to save.
Savings.com.au is part of the Firstmac Group. Firstmac is a challenger in the market with more than $11 billion in loans under management. With a near 40 year track record in home lending, Firstmac has provided home loans to over 100,000 Australians.
Whether it be as a fierce competitor to the banking ‘establishment’ or as a staunch supporter of Savings.com.au’s passion to help Aussies save, Firstmac is determined to shake up the ‘status quo’ in the Australian banking industry.
A free service, Savings.com.au content can be accessed through its website and other digital channels including Facebook and email (eg. Free Subscriber List).
Transparency and trust continue to be critical parts of the broader finance industry, highlighted particularly by the 2018 Hayne Royal Commission into Banking. Being part of the Firstmac Group means that Savings.com.au has a number of ‘sister’ brands including the online lender, ‘Loans.com.au’.
The separation of editorial and commercial interests in the context of the broader group is paramount for Savings.com.au. This means that it takes proactive steps to manage group commercial influence over editorial content. This can be read about further in our published Conflicts of Interest declaration available on the Savings.com.au website.
In essence, Savings.com.au sister brands will be treated in the same manner as any other product provider looking to connect with the Savings.com.au audience. If the Savings editorial team judge that products from any provider do not meet the purpose test of ‘helping consumers save money’, then they will not be included in editorial content and hence afforded the opportunity to connect with the audience.
Any information provided on Savings.com.au is intended to be general in nature (i.e. not specific to an individual’s personal circumstances). And whilst Savings.com.au will frequently create and publish handy tools such as calculators, infographs and succinct tables to help people make better decisions to help them save money, Savings.com.au will never recommend a single product as being appropriate for an individual’s specific and personal needs. Should audience members need this type of advice, Savings.com.au will always encourage members of its audience to speak with a suitably qualified financial adviser.
Savings.com.au operates as an Australian Financial Services Licensee Number 515843, and an Australian Credit Representative, Number 514874 of Firstmac Limited (ABN 59 094 145 963), Australian Credit Licence Number 290600, of Level 40, 123 Eagle Street, Brisbane Qld 4000.