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Showing 341 - 350 of 2171 results for "Mortgage"

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... investor, Lorraine, lost $750,000 - her entire self-managed superannuation fund. "[That money] was destined to buy me a mortgage-free retirement. Instead, I am now living in a share house arrangement on Centrelink, with no hope of realising the rewards ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
... percent... will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month," the Fed said. This really is no surprise, especially if one's ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... do - temper the influence of lobbyists and make sure Australians are put first." Kirkland said ABS data has shown that mortgage lending it at an all-time high, so many more Australians could be at risk. "Right now, ABS data shows that mortgage lending ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
Industry Super Australia says recent comments by Liberal MP Tim Wilson that "big super" is locking young Aussies out of the housing market are "scary". Wilson said the fact that first home buyers are unable to access their retirement savings to go towards ...

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... ease the financial hardship faced by many Australians. Helping Australians navigate the early release of super scheme, mortgage deferrals and reductions, and broader legislative changes, saw many in the industry working more hours, often by choice. Sector ...

Ares backs out of AMP bid

ELIZA BAVIN  |  THURSDAY, 11 FEB 2021
... AMP stepped up to support our clients navigate the uncertainty, providing early access to their super, pauses on their mortgage repayments, relief on their rent and advice and guidance when needed," De Ferrari said. "Within our business, it was also ...

ASIC suspends RE licence

KARREN VERGARA  |  MONDAY, 8 FEB 2021
The corporate regulator has suspended the AFSL of a responsible entity that oversees a property and mortgage fund for breaching several compliance and reporting obligations. The licence of Queensland-based financial services provider Investors Exchange ...

QBE appoints local chief executive

KANIKA SOOD  |  TUESDAY, 2 FEB 2021
... in August. Houghton is currently Westpac's managing director for insurance across three units: life insurance lenders mortgage insurance and general insurance. Prior to this she worked as Arthur J Gallagher's chief financial officer and operating officer ...

Reference checks should cover all advice: FPA

KARREN VERGARA  |  MONDAY, 1 FEB 2021
... Association has in place (Recommendation 2.7). It was also recommended that advisers are bound by the same obligations as mortgage brokers (Recommendation 1.6). Commissioner Kenneth Hayne slammed the advice industry for its poor background-checking practices ...

NAB swallows up neobank

ELIZA BAVIN  |  FRIDAY, 29 JAN 2021
Just weeks after the downfall of Xinja, Neobank 86 400 has announced plans to join the NAB Group in a $220m acquisition. Founded by Cuscal, a Sydney-based IT service management company, and led by chief executive Robert Bell, 86 400 launched the mobile-led ...