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Showing 481 - 490 of 2172 results for "Mortgage"

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
A boutique fund manager has launched a new income fund that provides an alternative to low-yielding cash and term deposits. Prime Value's Diversified High Yield Fund, which launched on August 1, aims to provide investors with a return of 4% per ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
... superannuation; and 30% are employed in auxiliary services such as trustee, investment management or advisory services and mortgage broking. The report also found that financial services pays well above average wages - 34% more in total earnings compared ...

CFSGAM sale clears regulatory hurdles

KANIKA SOOD  |  FRIDAY, 26 JUL 2019
... $4.2 billion, subject to completion adjustments," CBA said. CBA announced its intention to demerge its asset management, mortgage broking and wealth businesses last year. In October, CBA said it was approached by MUTB after its June announcement and ...

Radar Results hires Queensland manager

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
... recurring revenue. Radar Results also provides merger and acquisition services to accounting practices, and insurance and mortgage broking businesses.

Nomura ordered to pay back US $25m

KANIKA SOOD  |  TUESDAY, 16 JUL 2019
... bond traders made false and misleading statements to customers while negotiating sales of commercial and residential mortgage backed securities (CMBS and RMBS), according to the Securities and Exchange Commission. "Several Nomura traders misled customers ...

Super fund launches new options

KARREN VERGARA  |  MONDAY, 15 JUL 2019
... 0.30% per annum and indirect cost ratio of 0.08%. This option would be suitable for 18-45 year olds who are paying down a mortgage; their financial priorities are typically over the short to mid-term. As of 1 July 2019, the fund offered members eight ...

Coolabah buys retail fund manager stake

KANIKA SOOD  |  THURSDAY, 11 JUL 2019
... executive chair Mark Bouris said. "However, given YBR's recent strategic pivot away from wealth management to focus on the mortgage market, it made sense that we exited from this business in a controlled and profitable manner." CCI director and co-founder ...

More Australians retire with big mortgages

ELIZABETH MCARTHUR  |  FRIDAY, 14 JUN 2019
... research analysing Australian Bureau of Statistics microdata shows that more Australians are retiring owing money on their mortgage. The portion of homeowners between ages 55 and 64 that owe money on mortgages has tripled since 1990 - from 14% to 47% ...

University to probe reverse mortgages

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
... provides retirement funding solutions to retirees. It will investigate the theoretical and empirical aspects of reverse mortgage demand and product design, under senior research fellow Dr Katja Hanewald and Professor Hazel Bateman. "While economic theory ...

Navigating the new Pensioners Loan Scheme

KANIKA SOOD  |  THURSDAY, 6 JUN 2019
... calls from the industry, including The Australian Institute. The expanded scheme comes into effect on July 1. "A reverse mortgage allows retirees to increase their cash flow, while staying in the family home. However, it won't be right for everyone ...