Online financial news
FOFA bill reveals deep divisions
The latest changes to the Future of Financial Advice (FOFA) regulations have divided the financial services industry.
While the changes have been supported by the Industry Super Network (ISN) and consumer associations, the criticisms of life insurers and one of the two associations representing financial advisers reveals considerable disquiet over the purpose and clarity of the legislation.
Suncorp Life CEO Geoff Summerhayes told insuranceNEWS.com.au the amended FOFA bill is “a disappointment for the industry”.
“We have always supported the FOFA reforms in principle, but what the industry needs is certainty,” he said. “The bi
How to Follow Up With a Seller After the First Call and Better The Chance of a Deal
When my phone rings from a seller, my assistant Lisa is the one who takes the call, and she thoroughly screens the seller to see whether they are motivated or not. If the seller is motivated enough she passes their information along to me.
Once I get the information sheet, I evaluate the deal and then prepare multiple offers to the seller; I also try and call them back the same day or the next day. If all goes well on the phone call, I try and schedule an appointment as soon as possible, but there are times it ends up being a few days even a week.
When this happens there are several important things I do to make sure that I don’t let this deal slip through my hands.
First, I send the seller a thank you note for giving me the chance to talk with them and the chance to set up a visit with them. N
MasterCard Paypass launches in London
A number of areas in London have seen the launch of the MasterCard Paypass system, which is a contactless card system that enables consumers to make smaller purchases by card without having to sign anything or enter a PIN number. These cards can be used for purchases of £10 or less, and are set to be rolled out in other areas of the UK over time, following assessment of their success in the parts of London in which the system has been launched.
According to recent research consumers often decide not to make a purchase of a smaller item, such as food or drink, if it involves having to try and find change – most prefer not to break into a note wherever possible. With this new system consumers in the UK will be able to make these smaller purchases with a convenience piece of plastic and without the hassle of having to find change, break into a note, or even provide a signature or enter a PIN number.
In order to accept payments via this system retailers that wish to participate will need to have specialist readers installed. Ho
Massachusetts Tax Carve-Outs Exceed Total Tax Revenues by $4 Billion
A preliminary draft report issued by the Massachusetts Tax Expenditure Commission shows that state tax expenditures are expected to reach $26 billion in 2013, a number $4 billion larger than the projected revenues of $22 billion. In short, as the Massachusetts Department of Revenue put it, “the Commonwealth collects less in revenue than it has chosen to forgo.”
The Massachusetts General Laws define tax expenditures as state tax revenues lost as a direct result of exemptions and deductions from, or credits against, taxes. These carve-outs are not very different from direct government expenditures, but unlike many direct expenditures which are downward redistribution, tax expenditures often represent upward redistribution.
Westerra Credit Union Visa Platinum Credit Card
One of the best things about getting a credit card through a credit union is that its rates and fees tend to be much lower than bank credit cards. The Platinum Visa available to members of the Westerra Credit Union is no different. As long as the member has a good credit score and qualifying annual income, they will enjoy the benefits of a respected Visa card with a low interest rate.
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This credit card has many other benefits other than just low interest rates. If the cardholder needs to perform special transactions like balance transfers, they cannot go wrong with the Westerra Credit Union Platinum Visa credit card.
Westerra Credit Union Visa Credit Card Rates and Fees
The interest rate for purchases and cash advances is 9.9%.
How can the retired Americans delete their financial worries?
According to the recent reports it has been found that almost 50% of the retired US citizens have accrued huge amount debt within a few years and are least bothered of repaying it. The reasons can be that their generation was brought up in a period when they felt proud to speak about their wealth and now they are feeling embarrassed to take financial advice from youngsters to deal with the debts. If you don’t want your debts disrupt your golden years, you must take help of a financial advisor who will assist you in every way to repay your loans and manage your easy finance.
Analyze the total amount of debt:
The first step that you must take so as to eliminate your worries is know where you’re finance stands presently. For this you have to compute the total debt that you owe to your creditors. This will help you take the necessary steps required to delete your worries. Make a Read more…