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Australians bullish on 2021 recovery

KARREN VERGARA  |  THURSDAY, 25 MAR 2021
Australians are bullish about the recovery of the local economy and the positive effect that will have on their portfolios, a survey canvassing investors across the Asia Pacific shows. More than half of the investors canvassed in PIMCO's quarterly investor ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... their house in New Zealand with Mayfair, believing it would provide passive income and was a safe investment. "We have no home, no financial assets, no access to social security [as NZ citizens] and have no family to help us either... Does anyone care? ...

Chief economist update: What a difference an Australian year makes

BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... support until we have achieved our goals for full employment and inflation." Makes me proud and privileged to call Australia home!

NZ overhauls regulation of advice

JAMIE WILLIAMSON  |  FRIDAY, 19 MAR 2021
... plays an important role in helping New Zealanders achieve significant milestones in their life, such as saving for a first home or planning for retirement. And we know that those who get financial advice achieve better financial outcomes." "The new regime ...

Active funds quell passive flows

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... on sustainability issues compared to the UK and Europe. This is because access to information is more restricted, and the home-market bias leaves investors with fewer assets that would meet global ESG standards, Calastone found. "ESG strategies have ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... is still better value than buying directly from an insurer and it's easier to pay through super rather than their take home pay. "As a result of this year's review AustralianSuper continues to meet its aim of keeping insurance costs to less than ...

Former Wallaby departs Westpac for NAB

ANNABELLE DICKSON  |  WEDNESDAY, 17 MAR 2021
... an executive role at NAB. Waugh has been appointed as executive, broker distribution at NAB and will report to executive, home ownership Andy Kerr. Waugh spent four years at Westpac and in his most recent role led a team of over 200 in New South Wales ...

Banks still failing customers after Royal Commission

ELIZA BAVIN  |  TUESDAY, 16 MAR 2021
... risk. "Right now, ABS data shows that mortgage lending is at record highs. This is fuelling a housing boom that is pushing home ownership out of reach of many more Australians," he said. "Scrapping safe lending will land many people with large debts ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... not be allowed to buy housing. The Association of Superannuation Funds of Australia today said allowing super to pay for home deposits will be inequitable and ineffective as its most likely people with higher income that can afford a home already. The ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... the price of housing." Turnbull went on to call out Wilson and Bragg specifically for their suggestions of allowing first home buyers to use their super to help buy their first home. "I can only comment on what has been proposed by them [Wilson and Bragg] ...