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Showing 121 - 130 of 139 results for www.thesheet.com

Kiwisaver allows contributions to be diverted into mortgages

WWW.THESHEET.COM  |  MONDAY, 28 AUG 2006
Kiwisaver, New Zealand's answer to Australia's SG based super system, is going where Australia superannuation policy makers fear to tread by allowing members to divert half their contributions into their mortgage. Under the contribution diversion plan ...

St.George to re-hire lenders as contractors

WWW.THESHEET.COM  |  TUESDAY, 15 AUG 2006
In move that would provoke uproar if applied to financial advisers, St.George Bank will offer to transition some of its non-branch mortgage sales force in Queensland, Western Australia and Victoria to independent contractors restricted to selling only ...

Separate board for Adelaide Managed Funds

WWW.THESHEET.COM  |  WEDNESDAY, 21 JUN 2006
Adelaide Bank is to create a separate company board to oversee its now $2.3 billion managed funds business. Adelaide Bank said it would establish the independent board for its funds management, to be called Adelaide Managed Funds. The bank said it more ...

Self-employed have different banking and investment needs

WWW.THESHEET.COM  |  THURSDAY, 15 JUN 2006
Do self-employed people need different types of banking and investment products? Probably, if the statistics from GE Money are to be believed. Self-employed people, refinancing existing loans, and disinterested in paperwork appears to the profile of ...

Macquarie buys insolvent Canadian mortgage funder

WWW.THESHEET.COM  |  TUESDAY, 13 JUN 2006
Macquarie Bank will buy Canadian mortgage funder Cervus Financial Group Inc - currently in bankruptcy protection - for A$15 million. According Canadian media reports, Cervus has around A$1.2 billion in loans under management for a market share of less ...

Electronic banking still lacks traction among over 55s: Commbank

WWW.THESHEET.COM  |  THURSDAY, 11 MAY 2006
Despite the push to promote electronic transactions among wealth management customers, slow take-up of electronic banking by older Australians suggests it still has a long way to go to really gain traction. Michael Cameron, Commonwealth Bank's head ...

Surging CFD volumes pressuring online brokers

WWW.THESHEET.COM  |  TUESDAY, 11 APR 2006
Contracts for Difference (CFDs) might be forcing the Australian online broking industry to consolidate. CFDs have grown increasingly popular among retail investors since they were introduced in Australia early last year. Similar to other derivatives ...

Investec Australia buys NM Rothschild

WWW.THESHEET.COM  |  FRIDAY, 7 APR 2006
Specialist investment bank Investec Bank Australia yesterday said it signed a heads of agreement to acquire NM Rothschild & Sons (Australia). A statement issued by Investec group head office in South Africa said the transaction represents a value of ...

Cyclones and underinsurance strike in North Queensland

WWW.THESHEET.COM  |  TUESDAY, 21 MAR 2006
Underinsurance, the ongoing wealth management issue, has also reared its ugly head in North Queensland to make mopping up after the damage caused by Cyclone Larry even more difficult. Growcom, the industry association that represents fruit and vegetable ...

ME Bank profit surges but needs to lend more

WWW.THESHEET.COM  |  TUESDAY, 31 JAN 2006
Members Equity Bank reported a significant increase in after tax profit in 2005, but its profitability and return on equity will continue to suffer unless it can grow its personal loans and credit card book faster. Net profit after tax of $1.71 million ...