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Bank-aggregator merger gets thumbs up from shareholders
The merger between a Western Australian bank and a mortgage aggregator has received the greenlight from shareholders.
AGGREGATOR • Fri, 07 Sep 2018
ScoMo’s accelerated tax plan for SMEs to cost $3.6bn
A leaked pre-election plan from the federal government shows that tax cuts for SMEs are set to be fast-tracked by four years, which will come with a hefty price tag.
GROWTH • Fri, 07 Sep 2018
Bank to raise $20m as it prepares to merge with aggregator
A Western Australian bank has announced being on track to raise $20 million from a consortium of local and international investors as it looks to merge with an aggregator
AGGREGATOR • Tue, 04 Sep 2018
AFCA expects to receive 50,000 complaints within first year
The number of complaints to AFCA could exceed 50,000 within the first year, according to its CEO, who also stressed the importance of responding swiftly.
COMPLIANCE • Sun, 02 Sep 2018
Brokers well positioned to demystify reverse mortgages
A review by ASIC found that more could be done to ensure seniors understand the risks and benefits of reverse mortgages, with one CEO agreeing that brokers are well ...
BROKER • Thu, 30 Aug 2018
New Prime Minister gets brokers, says FBAA head
Former Treasurer turned Prime Minister Scott Morrison is on the side of finance brokers, according to the executive director of the FBAA.
BROKER • Wed, 29 Aug 2018
AFCA responds to EDR membership concerns
The Australian Financial Complaints Authority (AFCA) has responded to confusion around the ability of new-to-industry brokers to write business following EDR changes.
COMPLIANCE • Sun, 26 Aug 2018
Bouris calls for voice-activated recording app for brokers
A new voice-activated app enabling brokers to record and store conversations with clients should be developed to help keep them safe from disputes, according to the head ...
BROKER • Sun, 19 Aug 2018
Brokers should focus on advice, not admin: HashChing
Brokers should remember that advice is their “key currency” and should reduce time spent on low-value administrative tasks, according to the COO of a mortgage marketplace
BROKER • Sun, 19 Aug 2018