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Showing 21 - 30 of 433 results for "Home loan"

AFCA complaints surge in FY24

KARREN VERGARA  |  THURSDAY, 1 AUG 2024
... Amid higher interest rates and increased costs of living, complaints involving financial difficulty rose 14% to 5525. home loan complaints accounted for nearly one third of these. The fact this number was not even higher could be seen as testament to ...

ANZ, Westpac 'the cheapest majors': Morningstar

ANDREW MCKEAN  |  MONDAY, 15 JUL 2024
... ANZ and Westpac, included non-major bank MyState, which, despite commanding a miniscule 0.3% share of the Australian home loan market, has shown that it can profitably grow loans. The other top pick was Bank of Queensland, which has extracted cost savings ...

Insignia Financial overhauls operating model, executive team

JAMIE WILLIAMSON  |  THURSDAY, 11 JUL 2024
Just a day after denying it has engaged Citi to consider takeover offers, Insignia Financial has overhauled its entire operating model and executive lineup. Insignia Financial is moving away from its current functional operating model and introducing ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The tentacles of inflation are taking a toll on retirees' savings as the diminished value of their money is their biggest financial worry over healthcare costs, according to a Schroders survey. An overwhelming number of participants in the 2024 ...

Quality of retirement does not depend on super balance: Bragg

ELIZA BAVIN  |  FRIDAY, 10 MAY 2024
... consideration to: Expanding and simplifying the Super Saver Scheme Using superannuation as eligible collateral for a home loan Have APRA investigate the feasibility of superannuation-based shared equity schemes The Committee is now also examining other ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... During his tenure, Guo also moved $2.6 million from an account with investor funds, allocating portions to his personal home loan and bank account. Further, ASIC notes that Guo took control of 23.11 bitcoins, valued at roughly $1.8 million and owned ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... totalling $6 billion. Banking and Financial Services (BFS) reported a 3% increase in total deposits to $135.6 billion. The home loan portfolio rose 3% to $117.9 billion, and funds on platform grew 6% to $132.8 billion. The business banking loan portfolio ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... survey by finance comparison site Mozo reveals that one in six Australians fork out 40% to 60% of their monthly income on home loan repayments. Nearly 40% of the 2100 mortgage holders surveyed said they struggle to make up the shortfall worth hundreds ...

ME Bank fined $820k for misleading borrowers

CHLOE WALKER  |  MONDAY, 22 JAN 2024
... Public Prosecutions, followed an investigation and referral by ASIC. The regulator found the bank sent 589 letters to home loan customers between 25 May 2018 and 3 September 2018, informing them of incorrect minimum repayment amounts to be paid after ...

Legalsuper investment strategy lead departs

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
... "refreshing chapter" in her career. Rajomon recently helped fund Brisbane lending fintech WLTH's acquisition of home loan manager Mortgage Mart. Chief executive Glenn Fowles called Trusler a perfect fit for the firm. Fowles said she brings fantastic ...