Monthly Archives: September 2015

‘’Finance in Dealerships’ roadshow travels across country – Australian Broker Online

As read in Australian Broker The FBAA has received a positive response from its ‘Finance in Dealerships’ roadshow currently running across Australia, which is aimed at educating car dealers on their responsibilities under the NCCP. The association says the roadshow is aimed at motor dealers and covers all areas of finance transactions, including a dealer’s requirements under […]

ISA finds mistrust of major banks remains high – Mortgage Business

As read in Mortgagebusiness  A large proportion of Australians do not trust large banking institutions, with 71 per cent believing that scandals over poor financial advice points to ineffective governance, says Industry Super Australia (ISA). In an UMR survey, the majority of respondents said the banks’ for-profit super funds and their boards are overly focused […]

Stats reveal mixed results for loan arrears – The Adviser

As read in The Adviser Australia’s mortgage arrears were stable in June for prime residential mortgage-backed securities (RMBS) and down for non-conforming securities. According to Standard & Poor’s performance index, 1.07 per cent of prime RMBS were in arrears for the month – unchanged from May – while non-conforming RMBS in arrears fell to 4.83 […]

Senator slams ASIC action on rogue property agents – The Adviser

As read in The Adviser  a  NSW senator has criticised the pace of ASIC’s investigations of SMSF property spruiking cases and urged it to consider whether additional powers would assist them in addressing the issue.Speaking to The Adviser’s sister publication SMSF Adviser, Senator John Williams said he is very concerned about the promotion of property investment through […]

NAB flags ‘worrying Self-Managed Super Funds lending trends – Mortgage Business

As read in Mortgage Business, NAB has justified its exit from lending to SMSFs for residential property by referring to “worrying” and “dramatic” growth in the area, while the head of an investment research company has blamed troublesome SMSF borrowing activity on non-trading lenders. Speaking at the release of the fifth Intimate with Self-Managed Superannuation […]