IndustryNews
  • Adviser suspended for unlawful SMSF activity 23 May 13. The Property Investment Professionals of Australia (PIPA) has suspended one of its members, following an ASIC investigation that found the member had provided unlawful SMSF advice and failed to comply with credit laws. Matt George, who is the sole director of the Melbourne-based property investment ...
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  • Jail time for former SMSF adviser 23 May 13. A former SMSF financial advisor has been sentenced to five years jail for fraudulent conduct that cost investors more than $1.6 million.Bell Potter Securities advisor Glen Russell Evans of Leichhardt, NSW, pleaded guilty in the Sydney District Court to 10 counts of failing to account. Five further...
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  • Advantedge enhances broker technology platform 21 May 13. Advantedge Financial Services has released the latest round of enhancements to strengthen its market leading broker technology platform, Podium 2.0. The enhancements - now live - have been developed in direct response to broker feedback.PLAN, Choice and FAST brokers now have access to an...
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  • Aggregator makes regional BDM appointment 20 May 13. To service hard to visit outlying areas, one burgeoning aggregator has recruited a regional Business Development Manager. LoanKit, the aggregation arm of Mortgage Choice, has recruited Philippa Feher as its first regional BDM in NSW. She will be working with and recruiting LoanKit brokers in the...
 
Opinion
  • E-lodgement – less is more 17 May 13. Brokers need the process to be effective and simple, we believe e-lodgement provides exactly that. The introduction of NCCP means more regulatory paperwork required by brokers and customers as part of the application process. Many brokers have requested the development of an application process...
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  • Westpac's dizzying results highlight the need for a stronger non-bank home loan ... 3 May 13. At less than 5.5% it's a terrific variable rate and the lender will probably pick up a few sales in the wake of the effort. But you get the feeling that the non-bank sector needs to do more than drop its price from time to time to get back to where it once was as the people's champion. Westpac has...
 
 

 
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