Cigno challenges ASIC's stop order

Payday lender Cigno is not giving up without a fight. The company which was the subject of a stop order under ASIC's new product intervention power, has made an application to the Federal Court to hav.. read more

The home ownership dream is fading

Young adults are planning to live longer in their parents' home because they cannot afford to buy their own place, according to CoreLogic's Perceptions of Housing Affordability 2019. read more

Financial assets lift household wealth

Wealth per person, it's up to the superannuation illusion to offset the all too tangible falls in housing values.On average, Aussies are five grand poorer than they were one year ago, though they are.. read more

Fair Go Finance changes hands

International fund manager Skybound Capital has paid $20 million to take a 60 per cent stake in local fintech Fair Go Finance, purchasing the majority holding from Frankfurt-listed MyBucks SA. read more

Pioneer Credit in default

Debt purchaser Pioneer Credit has entered into a standstill agreement with its senior financiers, Bankwest and Westpac, giving the company some breathing space before lenders take action over defaults.. read more

SMEs turn away from banks

Business finance company Scottish Pacific has identified a "watershed moment" in its latest survey of small and medium business, with more companies planning to fund their growth using a non-bank in p.. read more

New super law a hurdle for SMSF borrowers

A change to limited recourse borrowing arrangements, included in a superannuation bill passed last week may make borrowing a less popular option for members of self-managed super funds. read more