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From repairs and insurance to body corporate fees and vacancy periods, investors have been urged to budget for the expenses that can discreetly eat into their cash flow. Property Strats founder Steve Ash said following the recent property tax changes and stricter rental laws, investors needed to take a disciplined approach to budgeting for ongoing…
Savings habits key to keeping big goals within reach Despite the widespread caution, 71% of survey respondents said they believe their big financial goals remain achievable with the right savings habits. Among those who moved ahead with a major purchase, half (50%) credited having sufficient savings to manage risk as the key factor. Canadians also…
ProtectionBooked.co.uk and MortgagesBooked.co.uk (launched at the end of March) are live and focus on delivering booked appointments rather than cold leads. The platform connects advisers with motivated borrowers actively seeking mortgage and protection advice, helping brokers spend less time chasing leads and more time closing business. The service provides advisers with appointments that are already…
Global fintech firm Nuvei announced Wednesday a new partnership with BlackLine, a finance software provider, to build payment acceptance right into BlackLine’s invoice system. The goal is to make it easier for companies to get paid faster and cut down on manual work. The partnership is already up and running with some enterprise customers. It…
California family offices with clients at or near the $1 billion net worth threshold should be monitoring Proposition 40, the 2026 Billionaire Tax Act, which has qualified for the Nov. 3 ballot and could impose a one-time tax of up to 5% on the net worth of certain California residents if approved by voters. Although…
Key takeaway: Bank lending commitments to business development companies, or BDCs, increased from about $10 billion in 2013 to more than $50 billion by 2025. Even under a severe stress scenario, banks would generally be protected because they hold senior secured claims on BDCs, giving them first priority for repayment. Expert quote: “In a market…
On Monday, TP ICAP, a provider of market infrastructure and data solutions, launched a new Western Australia (WA) Gas Desk in Perth, marking an expansion of its Energy and Commodities (E&C) division into one of Australia’s most important gas producing regions. The new desk, announced on August 3, 2026, will offer dedicated brokerage services to…
Legal & General increased lifetime and retirement interest-only mortgage lending by 23% in the first half of this year to £128m, up from £104m in the first six months of last year. In its half-year results, L&G’s core operating profit rose by 7% to £918m. The life company also reported growth in its protection business,…
Celebrity blogger Perez Hilton has been hospitalized in Florida after an incident at his Miami home, just a few weeks after he relocated back to the Sunshine State from Las Vegas in order to be closer to his loved ones. Police in Miami responded to multiple calls about a distressing livestream video that Hilton, 48,…
The handling of the recent sell-off in Asian tech and semiconductor stocks suggests that trading firms and platform providers are taking a more sophisticated approach to managing extreme volatility. For example, when meme stock mania saw retail investors on social media join forces to buy heavily shorted stocks in 2021, causing massive price spikes and…