by Nick Rainsford | 25 Jul 2015 | Business, General
…How do they develop effective products? Many lenders have large product teams with the appropriate level of junior, middle and senior management. The collective wisdom is that these product teams use analysis of data extracted from their clients to create a...
by Nick Rainsford | 18 Jul 2015 | Business, General, Home loans, Investments, SMSF, Uncategorized
I know this isn’t a question that keeps you all awake at night but I thought it best to articulate the fact that there is a difference. Firstly, a Finance Broker should be able to do everything that a mortgage broker can do. Same qualification requirements, same...
by Nick Rainsford | 11 Jul 2015 | Business, General
Who cares? You should. All banks publicly declare to be customer focused and that their processes are designed to provide the customer with a better experience. They all mean what they say. They have to. The reality is somewhat different. Banks have millions of...
by Nick Rainsford | 4 Jul 2015 | Business, General, Investments, SMSF
When we go for a drivers licence we are classed according to the type of vehicle we’re trained in. Most of us would not be allowed to drive a semi-trailer without the appropriate training and licence. Each year we re-new those licences. Banks are similar in that APRA...
by Nick Rainsford | 2 Jul 2015 | Business, General
When searching for a debt provider it’s often tempting to sign up to the first lender that agrees to finance you (or even the cheapest). There’s nothing wrong with either of those strategies if they work for you. There is however something in the terms and conditions...
by Nick Rainsford | 27 Jun 2015 | Business, General
I saw a post on Linkedin a couple of weeks back by a senior Australian banker asking if businesses were prepared for ChAFTA. The free trade agreement between China and Australia – which was signed in Canberra on 17 June 2015. There’s some water to flow under the...
