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Showing 421 - 430 of 2617 results for "Loan"

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
The Financial Services Council released two new standards, one of which helps members abide by the newly mandated advice fee consent requirements. FSC members will need to comply with FSC Guidance Note No. 43 from 1 January 2022, which was constructed ...

FSC names acting chief executive

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
The Financial Services Council appointed an acting chief executive as it looks to replace Sally Loane, who steps down on December 23. Blake Briggs, currently the deputy chief executive of the FSC, will take the top job in the interim. Briggs joined ...

APRA, ASIC provide annual update

CHLOE WALKER  |  THURSDAY, 16 DEC 2021
... to minimise duplication, in areas of joint regulatory interest. The report states that the agencies have collaborated on loan repayment deferrals and borrower hardship, participated in a cross-agency working group with the Treasury and the Australian ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... Spencer Howson, Morrison said the mid-year budget will include a cash access scheme for pensioners. "We've had a pension loan scheme for some time, but this is making it even more attractive by reducing the interest rate," the Prime Minister explained. ...

CFS launches low cost geared index options

CHLOE WALKER  |  TUESDAY, 14 DEC 2021
Colonial First State (CFS) has today launched two new geared index options through its $109 billion FirstChoice platform, giving investors leveraged exposure to local and global markets. The first passively managed geared investment options to be offered ...

CBA, Northern Trust announce Green Repurchase Agreement

CHLOE WALKER  |  MONDAY, 13 DEC 2021
Commonwealth Bank of Australia (CBA) and Northern Trust have completed a $50 million transaction utilising a new Green Repurchase Agreement (Green Repo) as certified by the Climate Bond Initiative (CBI). A first for the Australian market, this certified ...

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON  |  THURSDAY, 9 DEC 2021
The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades. In what is the last ...

Top investment products, super fund revealed

STAFF WRITER  |  THURSDAY, 2 DEC 2021
Vanguard, UniSuper and BetaShares are some of the winners in Money magazine's 2021 Best of the Best Awards. Vanguard Investments Australia is this year's best investment manager as many of its products featured in several categories. Vanguard Australian ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... defunct advice licensees; continuing to charge fees on deregistered company accounts; and selling on credit card and flexi-loan debt with incorrect interest rates. Westpac reached an agreement with ASIC to resolve all six matters, has admitted the allegations ...

Fund manager eyes $735m listing

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
A $4.2 billion real estate fund manager is set to list on the ASX with an indicative market capitalisation of $735 million. Qualitas Group is hoping to raise $335 million based on an offer price of $2.50 per share, with some 134 million of shares issued ...