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Showing 171 - 180 of 952 results for "Notes"

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... existing Funding for Lending Programme (FLP) conditions at its 26 May Board meeting. Same old, same old. The central bank notes that: "The improvement in global and domestic economic indicators... have provided members more confidence in this outlook ...

FPA launches file note guidance

ELIZABETH MCARTHUR  |  MONDAY, 26 APR 2021
The Financial Planning Association of Australia (FPA) has released new guidance on best practice for file notes. File notes are important as a risk management tool, especially in disputes between clients and financial advisers, and the FPA said recent ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... companies he is a part of cannot solicit funds in connection with any financial products for 20 years. The M Core Fixed Income Notes, M+ Fixed Income Notes and Australian Property Bonds which were advertised to wholesale investors by Mayfair 101 were ...

Chief economist update: Hot flashes

BENJAMIN ONG  |  THURSDAY, 25 MAR 2021
... restrictions". The manufacturing PMI rose to a two-month high reading of 59.0 due to higher client demand. But as Markit notes: "Producers were increasingly unable to keep pace with demand, however, due mainly to supply chain disruptions and delays. ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... initial investments. The Federal Court found Mayfair made false and misleading statements about the M Core Fixed Income Notes, advertising them as fully secured financial products when funds were actually lent to a related party and not secured, used ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... it supposedly protects," she said. Vic and Maria, aged 73 and 85, also lost their life savings after investing in M Core notes. Another investor, Lorraine, lost $750,000 - her entire self-managed superannuation fund. "[That money] was destined to buy ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... the firm's marketing. Stuart Klees sued M101 Holdings, claiming that he was deceived into investing in the M+ and M Core Notes, but the judge found Klees failed to prove his case. This is despite M101 Nominees, which issued the M Core notes, being wound ...

Chief economist update: Getting hot, hot, hot

BENJAMIN ONG  |  MONDAY, 8 MAR 2021
... recent rise and rise in the price of oil are beginning to make drilling for the black stuff profitable again. As the IEA notes: "Outside of the OPEC+ group, producers are responding to higher prices, albeit cautiously and from a low level. Led by the ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... respectively. Sure, sure, Australia was still in monetary and fiscal crutches at the time but as Treasurer Josh Frydenberg notes: "In the December quarter, direct economic support from the federal government halved... Yet at the same time the economy ...

CountPlus profit down 53%

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... over the 12 months from 284 to 238. It expects a further 40 advisers to join the licence in the second half of the year and notes it has 100 potential advisers in the pipeline. Despite this, Count Financial reported a 73% increase in advice documents ...