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Showing 231 - 240 of 1561 results for "loans"

ASIC confirms advisers can offer home equity access guidance

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
... mortgages that are regulated under the National Credit Act." The Home Equity Access Scheme (HEAS), previously named the Pension Loans Scheme (PLS), has been a long-standing Centrelink scheme that functions similarly to a reverse mortgage. According to ...

AustralianSuper partners with Churchill Asset Management

CHLOE WALKER  |  FRIDAY, 16 DEC 2022
... US$250 million, intended to grow substantially over time. The partnership will invest in traditional senior and unitranche loans to private equity-backed US middle market companies. AustralianSuper head of private credit Nick Ward said the fund is working ...

Target market determinations have improved: ASIC

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
... descriptions that were too broad to be meaningful. "A broad consumer class is unlikely to be sufficient to define the TMD for such loans," the report said. This is because a TMD based only on a broad objective won't be specific enough to be consistent ...

Pallas Capital, Credit Suisse launch NZ funding trust

CHLOE WALKER  |  MONDAY, 5 DEC 2022
... including Credit Suisse, PFT No. 1 is the fastest growing fund managed by Pallas Capital, having now made a total of 72 loans with a total value of $320 million. However, PFT NZ isn't far behind, having already funded six loans with a total value of ...

Barings establishes APAC real estate debt operations

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
Barings Real Estate Debt is now in Asia Pacific, with three new loans and plans for more. Barings has agreed a combined $259.3 million in loans in Australia, including $162.5 million to fund the construction of two purpose-built student accommodation ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... most complaints. The one-stop-shop for disputes added the highest level of product complaints related to credit cards, home loans, personal transaction accounts, personal loans, and MV - comprehensive insurance. AFCA said the top five issues by product ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... class action followed claims consumers were sold credit insurance without consent when taking out credit cards and personal loans. It was further alleged that ANZ caused customers to make payments because of a mistaken belief their policy was compulsory ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... about two decades. The Breakfree package was introduced in 2003 and was offered with several ANZ products including home loans, credit cards and transaction accounts for an annual fee up until late 2021. About 690,000 ANZ customers did not receive benefits ...

Westlawn Financial Services cops stop orders

CHLOE WALKER  |  MONDAY, 24 OCT 2022
... recommending investments in the fund for 21 days, unless revoked earlier. The fund is a portfolio of secured and unsecured loans, credit, leases and other fixed-interest financial assets, which ASIC has considered to be high-risk. According to ASIC ...

Revolution AM adds to board

CHLOE WALKER  |  WEDNESDAY, 19 OCT 2022
... recently chief financial officer at Lendi. She has also held senior executive roles at Australian Credit and Finance, Click Loans, and Challenger. An experienced board member, Hartley has spent time in executive director, non-executive director and advisory ...