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Showing 401 - 410 of 2172 results for "Mortgage"

Westpac names chief financial officer

ELIZA BAVIN  |  TUESDAY, 14 JUL 2020
Westpac has today announced a new chief financial officer, hiring from KPMG. Westpac chief executive Peter King announced Michael Rowland will be taking on the position, subject to regulatory approval. King said Rowland brings deep experience across ...

Chief economist update: A tale of two quarters

BENJAMIN ONG  |  FRIDAY, 3 JUL 2020
... interest rates lower - to 0 - 0.25% -- while at the same time ramping up its balance sheet with purchases of Treasuries and mortgage-back securities, among other liquidity-boosting measures. More measures are being planned. Low interest rates sparked ...

AFCA sees 14% rise in complaints

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... JobKeeper payments are wound back, along with the end of financial firm initiatives such as a ban on rental evictions, and mortgage pausing," Locke said. "If you think you will experience financial hardship soon, or believe your circumstances will change ...

New advice compliance solution launches

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
MyNextAdvice will develop additional solutions to help the financial advice and mortgage broking industries with compliance obligations. Using client feedback, MyNextAdvice says it will be able to mitigate complaints. It is a cloud-based service that ...

APRA ditches property revaluation requirement

ELIZA BAVIN  |  THURSDAY, 18 JUN 2020
... of the COVID-19 downturn. APRA said ADIs are currently required to revalue property used as security for residential mortgage exposures for the purposes of measuring regulatory capital, when they become aware of a material change in the value of property ...

ASIC warns funds to clean up adverts

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
... Traditionally, funds that have made comparisons to term deposits have included property syndicates and private credit including mortgage lending, a source said. "ASIC will continue to monitor the advertising and disclosure by managed funds during COVID-19. ...

Is the worst yet to come?

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... asset markets," Doyle said. "We are all used to central banks buying government bonds and asset backed securities in the mortgage market, but there has been this step up into credit markets. "It's not a big step from there into equity markets and that ...

IOOF to provide fee relief to adviser network

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... times are now faced with difficult decisions about whether to access their super early, take a ' holiday' from their mortgage, or refinance existing loans and financial arrangements. "None of these decisions are easy without appropriate knowledge, tools ...

Time to buy residential property: Survey

ALLY SELBY  |  THURSDAY, 28 MAY 2020
... those surveyed had lost income during the COVID-19 crisis; however the majority (91%) had not applied to defer their mortgage repayments with their lender. This may be because the majority of respondents (45%) had an average household income of $100,000 ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
The Australian Financial Complaints Authority (AFCA) has received over 3180 COVID-19 related financial complaints since the pandemic was declared in March, with more than 600 directed at superannuation funds. Speaking to members at on online forum ...