Over recent years, a range of fintech challengers to Australia’s traditional banking sector, dominated by the four Big Banks, have emerged. Smaller, nimbler operators harnessing the power of new technology for financial transactions are disrupting the big banks, including peer-to-peer (P2P) lenders. What is peer-to-peer lending? Banking always involves money from one group of customers[…]
Life constantly challenges us with unknowns, yet some of these hit closer to home and harder than others in their impact. The coronavirus is unprecedented in our lifetimes, so we are charting new territory in the world’s response to this crisis. The uncertainty around its far-reaching impact is creating fear for many around the globe,[…]
Here’s some promising news for big and small businesses alike: six-month loan deferrals are now available to larger businesses on the condition that they don’t terminate leases or evict tenants for falling behind on their rent due to COVID-19.
Staying true to your long term plans Hi All, this article has been written to assist older clients but I have distributed to all age groups as you might know somebody who would benefit. Tim In my role, I get to speak with so many people in different stages of life and with different perspectives. Whilst[…]
Setting Short Term Targets for Longer Term security. Hi All, this article has been written to assist younger clients but I have distributed to all age groups as you might know somebody who would benefit. Tim The past few weeks has been a period of time that none of us will ever forget. Even two weeks ago[…]
In a rapidly evolving response to the spread of COVID-19, the Federal Government’s second support package announced over the weekend has flicked the switch to more income support for retirees and workers. Between the first $17.6 billion package announced on March 12, and this latest $66.1 billion package, the emphasis has shifted from stimulus aimed[…]
This is one article we hope you never have to read. But if COVID-19 has impacted your income to the point where you may need to pause your mortgage repayments, then we’ve broken down the banks’ deferral policies for you.
If your small business is being affected by the coronavirus your loan repayments will be deferred for six months, says the Australian Banking Association (ABA).
Homeowners who have had their income impacted by the coronavirus outbreak are being encouraged to seek out hardship options with their lender.
Small businesses all around the world are facing uncertain times. However, rather than shutting up shop until COVID-19 passes, the federal government is hoping to stimulate SME spending through a raft of initiatives and tax incentives.