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Financial planning association committed to fee-for-service transition
by Staff Reporter • 21 May 2009
A transition from commission-based remuneration towards a fee-based system is fundamental to a more reputable industry...
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Banks warned to limit lending
by Staff Reporter • 21 May 2009
Borrowers could face higher borrowing costs as the big banks’ high proportion of loans to deposits puts their...
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St George pulls personal loans
by Staff Reporter • 19 May 2009
St George Bank has withdrawn its personal loans from the broker channel as part of a recent review of its intermediary...
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Australians ill-equipped for rising unemployment, unexpected costs
by Staff Reporter • 18 May 2009
As the threat of unemployment intensifies a Bankwest survey has found almost one in three Australians have no savings...
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UK lenders engage borrowers to help stem repossessions
by Staff Reporter • 18 May 2009
Home repossessions continue to rise in the UK but increasing assistance from lenders is expected to result in a better...
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Genuine savings quickly becoming the norm
by Staff Reporter • 18 May 2009
The requirement for borrowers to show genuine savings to secure a home loan is fast becoming industry standard.
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Tighter lending policies a concern for brokers
by Staff Reporter • 15 May 2009
A dramatic fall in interest rates coupled with the increased first home owner grant has seen relatively healthy...
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Balance sheet funds drive non-bank "renaissance"
by Staff Reporter • 14 May 2009
Despite an overall decline in the non-bank sector’s market share over the last 18 months, the originator and...
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CBA warns of rising bad debts
by Staff Reporter • 14 May 2009
The Commonwealth Bank has revealed expectations of rising bad debts and impairment charges, in line with similar...
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Leading central banker says global economy past the worst
by Staff Reporter • 12 May 2009
European Central Bank head Jean-Claude Trichet believes global economic activity may have reached a turning point and...
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