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Showing 141 - 150 of 433 results for "Home loan"

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... loans, car loans and credit cards. Case studies used in the hearings will involve NAB's Introducer Program and fraudulent home loan applications; CBA's accreditation of its brokers; Westpac car finance practices; and Citi's imposition of international ...

General advice "misleading": Productivity Commission

JAMIE WILLIAMSON  |  WEDNESDAY, 7 FEB 2018
The Productivity Commission is calling for the existing notion of general advice to be scrapped. In its draft report into competition in the Australian financial system, the Productivity Commission argues the use of the term 'advice' should be limited ...

La Trobe Financial appoints client partnerships manager

ALEX BURKE  |  MONDAY, 5 FEB 2018
Following on from its acquisition by Blackstone, La Trobe Financial has appointed a new senior manager of client partnerships. Mark Simmons joins La Trobe Financial from Choice Home Loans, where he was a business development manager. Before that, he ...

ASIC accepts EU from Brisbane adviser

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
ASIC accepted an enforceable undertaking from a Queensland financial adviser for not meeting his life insurance replacement advice obligations. ASIC found Duane Wright, owner of Brisbane-based First National Home Loans and Insurance, breached obligations ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
NAB refunded $1.7 million to home loan customers after it failed to properly set up mortgage offset accounts, according to ASIC. Customer complaints prompted NAB to conduct an internal review, which found the bank failed to link offset accounts to broker ...

Elders enables greater access to advice in central NSW

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2017
Two financial planners in New South Wales' central west are joining forces to launch a new financial advice business. Claire Russell, formerly of Ausure, will partner with Siebury adviser Geoff Siegert to launch Central West Financial Planning in Bathurst ...

ASIC and CBA discussing potential advice problem

EMMA RAPAPORT  |  TUESDAY, 15 AUG 2017
... interest, for about 65,000 customers, with an average refund of approximately $154 including interest. - Refund for some Home Loan Protection insurance customers - in 2016, CBA identified that some customers who had purchased Home Loan Protection insurance ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... also refunding approximately $586,000 in premiums to about 10,000 customers after it over-insured these customers for Home Loan Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of premiums. ASIC deputy chair ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... products "at all costs" across the wider industry. "Why should a customer seeking advice from their bank or insurer about a home loan, credit card, personal loan or general insurance product not have the same ethical underpinning?" she said. Angrisano ...

ING restructures, creates distribution head role

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2017
... difference in how these customers experience our brand, whether through direct everyday banking or their broker-introduced home loan," Woolnough said. "By bringing together these two areas of our business we are aiming to create a 'centre of excellence' ...