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Former MFAA head slams call to remove trail

by • 22 Aug 2018
We need to “heed the lessons” from the United States, Canada, the United Kingdom and New Zealand before attempting...READ MORE

Marketplace lender looks to expand into broker channel

by • 22 Aug 2018
Personal loan fintech SocietyOne is looking to strengthen its relationship with the broker channel, in a bid to see up... READ MORE

‘No strong case’ for adjustment to monetary policy

by • 22 Aug 2018
The board of the Reserve Bank of Australia has said that there is no “strong case” for a near-term adjustment in... READ MORE

Planners ‘warmly welcome’ PC call to broaden credit advice

by • 21 Aug 2018
A financial planning industry association has “warmly welcomed” the Productivity Commission’s recommendation to... READ MORE

Mercantile offers YBR takeover deal

by • 20 Aug 2018
An investment company has offered Yellow Brick Road an off-market takeover bid to acquire all of the ordinary shares in... READ MORE

Board changes for mortgage insurer

by • 20 Aug 2018
Genworth has announced that two of its board members are to retire at the end of the month, with a former GM of MLC and... READ MORE

Brokerage launches pathway program for senior students

by • 20 Aug 2018
Senior high school students who wish to develop their financial skills will be offered internships as part of a pathway... READ MORE

Strong broking industry ‘fundamental’ to competition: Bank CEO

by • 20 Aug 2018
A strong mortgage broking industry is “incredibly critical” to the Australian public, the economy and competition... READ MORE

Bouris calls for voice-activated recording app for brokers

by • 20 Aug 2018
A new voice-activated app enabling brokers to record and store conversations with clients should be developed to help... READ MORE

Brokers should focus on advice, not admin: HashChing

by • 20 Aug 2018
Brokers should remember that advice is their “key currency” and should reduce time spent on low-value... READ MORE

Tightening of credit ‘not an overreaction’: RBA

by • 17 Aug 2018
The governor of the Reserve Bank of Australia has conceded that the royal commission has affected the supply of credit,... READ MORE

Home loan arrears ‘remain elevated’: S&P

by • 17 Aug 2018
Arrears on prime residential mortgage have “remain elevated” while delinquencies on non-conforming home loans... READ MORE

New loan product launches for brokers

by • 17 Aug 2018
A business financier for financial professionals has announced that it has launched a new, multi-redraw facility... READ MORE

Borrowers flocking to fixed rates amid rate hikes

by • 17 Aug 2018
Mortgage holders are increasingly looking to lock in a fixed rate to avoid further out-of-cycle interest rate hikes,... READ MORE

Government will likely reject PC’s trail recommendation: Bouris

by • 16 Aug 2018
The recommendation to abolish trail is unlikely to be implemented by the current government, according to the head of... READ MORE

Extending credit advice to planners is ‘pro-competitive’: PC

by • 16 Aug 2018
Allowing financial planners to offer credit advice would provide consumers with greater choice, drive innovation and... READ MORE

Non-bank lender acquires competitor

by • 16 Aug 2018
A Perth-based non-bank lender has assumed control of a domestic competitor, in a move designed to help it... READ MORE

Private lenders ‘consolidating’ as market tightens

by • 16 Aug 2018
There has been a “consolidation in the private lending market” as the residential property market tightens, a... READ MORE

Sydney 8th most overpriced global property market

by • 15 Aug 2018
Sydney has been known by many to be a rather unaffordable market, but new research indicates just how overpriced the... READ MORE

‘I think we're going to keep trail,’ says brokerage head

by • 15 Aug 2018
The executive chairman of Loan Market has said that he believes the government will seek to retain trail commissions... READ MORE

Removing trail could ‘decimate’ regional brokers

by • 15 Aug 2018
Removing trail commission would “decimate” mortgage brokers operating in regional and rural areas, a... READ MORE

PC changes could ‘greatly erode’ broker proposition, warns broker

by • 14 Aug 2018
The removal of trail commission would undermine the broker proposition, reduce competition in the financial sector and... READ MORE

NAB profits boost despite ‘challenging’ environment

by • 14 Aug 2018
The major bank has reported third quarter profit growth, despite rising regulatory costs, and a “challenging... READ MORE

Expenses probed as regional bank takes loans from majors

by • 14 Aug 2018
A non-major lender has said that it was the “recipient of increased flows” off the back of tighter serviceability... READ MORE

Major aggregator offers living expense resource to all brokers

by Reporter • 14 Aug 2018
One of Australia’s largest aggregators has launched a new living expense assessments e-book to assist brokers to... READ MORE

Opinion: Who will survive the royal commission?

by Carl Mazzolo • 14 Aug 2018
When the media circus surrounding the Hayne royal commission finally dies down, the financial services industry faces... READ MORE

ASIC warns lenders not to outsource responsibility to brokers

by • 13 Aug 2018
The corporate regulator has reiterated its view that lenders should be held accountable for breaches of responsible... READ MORE

Property group posts $29.3m third-party revenue

by • 13 Aug 2018
A property group has delivered growth through its financial services division off the back of its investments in the... READ MORE

Non-bank lender posts record settlements

by • 13 Aug 2018
A non-bank lender has seen a 96 per cent increase in applications and 153 per cent rise in settlements, as it continues... READ MORE

Banks agree to fortify fraud protection systems

by • 10 Aug 2018
Five Australian lenders have agreed to improve their compliance measures and controls for third-party access to deposit... READ MORE
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