ssimpkins

Clawbacks clash with best interests duty: Finsure

Clawbacks are no longer relevant according to the aggregator, with its chief warning the practice is at odds with best interests duty regulations.

BROKER • Mon, 02 May 2022

‘Asinine’, excessive: Breach reporting regime weighs on industry

A new report has warned ASIC’s breach reporting regime has taken a toll on the financial services sector in its first six months.

COMPLIANCE • Mon, 02 May 2022

Connective promotes GMs to C-suite

The aggregator has bumped up two general managers to the executive ranks, for the newly formed roles of chief customer officer and chief information officer. 

AGGREGATOR • Tue, 19 Apr 2022

Nodifi hires Qld, NT BDM

The asset finance marketplace has responded to higher demand from Queensland and the Northern Territory by recruiting a new business development manager for the region.

TECH • Mon, 18 Apr 2022

Great Southern Bank joins SFG lender panel

The bank has signed a new partnership with Specialist Finance Group (SFG), as it bids to double its network of accredited brokers by the end of 2022.

LENDER • Wed, 13 Apr 2022

Hit to home owners should curb rate hikes: AMP

The impact to home owners’ wealth from tumbling property prices should limit how much the Reserve Bank jacks up rates, according to AMP’s chief economist.

BORROWER • Tue, 12 Apr 2022

Borrowers at risk if inflation eats at wages: RBA

The majority of mortgage holders are expected to weather looming rate rises, but the Reserve Bank has issued warnings around rising inflation and sinking house prices.

BORROWER • Sun, 10 Apr 2022

HomeBuilder has mixed consequences: AHURI

The housing measure provided positives in the short term, but a new report has warned it escalated prices and placed lingering pressures on the building sector.

BORROWER • Sun, 10 Apr 2022

‘Can’t get to everything’: ASIC pressed on dismissed complaints

The regulator has been grilled on why it decided to pursue no further action for 65 per cent of reports of misconduct during the last financial year.

COMPLIANCE • Thu, 07 Apr 2022