ASIC moves on loans

Article Abstract:

Australian Securities & Investments Commission has recommended certain consumer protection measures in reverse mortgage transactions. Implications of these recommendations for lenders and borrowers are discussed. Borrowers under this category of loans are generally retirees, who mortgage their homes for their spending requirements.

Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Mortgage banks, Reverse annuity mortgages, Reverse mortgages, Home equity conversion

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Planners or scammers?

Article Abstract:

The Australian Securities and Investments Commission (ASIC) produced a report that damned financial planners as a group obsessed with earning high commissions and unable or unwilling to deal with the real needs of their clients. The validity of this scathing report on the services of financial planners is investigated.

Public affairs, Services information, Ethics, Company legal issue, Services, Reports, Investigations, Ethical aspects, Powers and duties, Financial planners, Financial Planning Association

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Cleaner, but meaner

Article Abstract:

The adverse effects of the proposed anti-money-laundering legislation on the relations between accountants and their clients are discussed.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Accounting firms, Accounting services, Money laundering

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