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Showing 461 - 470 of 2172 results for "Mortgage"

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
An industry superannuation fund has swapped out Hannover Life as its provider for income protection cover, amid an overhaul of its insurance offering. NESS Super (New South Wales Electrical Superannuation Scheme) managed about $760 million in superannuation ...

Former Apogee, GPS Wealth advisers banned

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2019
... regulator reviewed files of clients that wanted to purchase an investment property and were referred to Khaw by an associated mortgage broker. Despite their differing needs and circumstances, Khaw advised almost all of them to establish a self-managed ...

Industry fund offers bonus on income streams

KANIKA SOOD  |  THURSDAY, 31 OCT 2019
... $69,000. "We ask members taking a lump sum what they are intending to do with it. While some use it to pay down debt - the mortgage or credit cards - a significant proportion put cash into a term deposit or bank account - the "rainy day" contingency," ...

Frozen fund pays investors

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
Investors stuck in a Queensland-based mortgage income fund that went belly up in the GFC have finally received an interim distribution. LM First Mortgage Income Fund's unitholders are set to receive an interim distribution of 6.5 cents for each dollar ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
... aligned small business advisers out of business, thus crushing competition to the banks for both financial planning and mortgage broking," Vagliviello said. "You can clearly see that every other "reform" has no other purpose other than to destroy the ...

RBA blames lack of demand in property downturn

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
Reserve Bank deputy governor Guy Debelle said despite historically low interest rates and a rise in loan approvals, turnover in the housing market remains low. Speaking at the CFA Societies Australia Investment Conference event in Sydney the deputy ...

Stanford Brown eyes expansion

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
... executive Jonathan Hoyle says. Stanford Brown's core business is private wealth but it offers ancillary services including mortgage broking, property buying and insurance. In the coming months, it will add tax and accounting services to this lineup. ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... ACCC" in the inquiry. "Banks are no stranger to public scrutiny and look forward to the opportunity to cast more light on mortgage pricing and the many important factors that influence the setting of interest rates," the ABA said. "The first priority ...

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... aftermath were concentrated in purchases of longer-term securities-principally longer-term Treasury securities and agency mortgage-backed securities," it said. "These operations were aimed at putting downward pressure on longer-term interest rates. The ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
AMP Limited has announced it is combining its Australian wealth management business with banking into a new entity named AMP Australia, and has shuffled its C-suite lineup. AMP chief executive Francesco De Ferrari said the integration of the wealth ...