3 March 2010 | The Commonwealth Bank has urged an extension of the intra-fund advice relief to financial planners arguing they are better qualified to meet the needs of members than trustees.
17 February 2010 | Abacus Australian Mutuals has added to the rising discontent with banks, describing recent profit results as a "slap in the face to hardworking Australians".
9 February 2010 | New analysis developed by Credit Suisse has revealed the degree to which industry consolidation has seen the big banks dominating the life insurance sector.
8 February 2010 | Does the drop in Australia’s unemployment rate translate into more opportunities in the financial services sector, and is the war for talent about to recommence from where it left off before the onset of the global financial crisis? Caroline Munro investigates.
1 February 2010 | The global recession generated by the sub-prime crisis has served to reinforce the dominance of Australia’s major banks across almost all segments of the nation’s financial services industry, yet the Australian Competition and Consumer Commission (ACCC) appears relatively unconcerned, writes Mike Taylor.
1 February 2010 | While much of the debate around NAB/MLC’s acquisition of AXA Asia Pacific has focused on who controls which dealer group, Mike Taylor argues that control of the platforms represents a much
bigger issue.
27 January 2010 | All four of the big banks saw a fall in satisfaction levels from their business banking clients in the second half of 2009, according to a business banking customer satisfaction report.
22 January 2010 | The Commonwealth Bank has called for the retention of dealer group rebates and a self-regulatory approach to the removal of commissions from the financial planning industry.
21 December 2009 | As 2009 comes to a close, Money Management looks back at the individuals and events that generated controversy.
17 November 2009 | Financial Services Partners (FSP) will launch its private broker network, which will assist its advisers with business growth, acquisitions and succession planning.
9 November 2009 | Commbank had recorded a strong September quarter on the back of a recovering wealth management division.
6 November 2009 | Platforms have emerged as the major beneficiaries of the growth in self-managed superannuation funds (SMSFs), according to data collected by specialist superannuation clearing house SuperChoice.
5 November 2009 | CoreData research has confirmed that the major banks are dominating the mortgage market, with Westpac and Commonwealth Bank holding 48.9 per cent of all outstanding residential lending by value.
2 October 2009 | New research has confirmed the dominance of the mortgage market by the big banks, which now hold a combined share of 73.8 per cent.
30 September 2009 | Australia Post is running a 'lifestyle survey' that canvasses consumers' use of investment products, including margin loans and reverse mortgages, and then provides leads to third party financial services companies.
16 September 2009 | The Commonwealth Bank Agri Index recorded growth for the agribusiness sector of 0.9 per cent during the past month and 3.0 per cent in the past three months.
4 September 2009 | The Commonwealth Bank ramped up sales targets hoping to wring more and more business from Storm Financial, according to a FSU statement to the Parliamentary Inquiry into financial products and services.
1 September 2009 | Previously held positions with QSuper and Commonwealth Bank.
1 September 2009 | A member of the Ripoll Inquiry expresses concern that Commonwealth Bank CEO Ralph Norris will not be personally fronting committee hearings in Sydney this Friday.
14 August 2009 | Competition grows for long-term deposit accounts.
12 August 2009 | Impairment charges have combined with a fall in funds under management and a decline in wealth management revenues to see the Commonwealth Bank report a 7 per cent decrease in after tax net profit.
30 July 2009 | A dispute resolution process between Storm clients and the Commonwealth Bank has been put in place in order to avoid a lengthy litigation process.
23 July 2009 | Cost is less important than the quality of underlying support when choosing a dealer group, according to a new analysis issued by the Commonwealth Bank.
23 July 2009 | Investors will be able to choose a gearing level that suits them and pay off their premiums up-front.
15 July 2009 | Some financial planning practices looking for acquisitions are beginning to question the value of purchasing a practice with a retired client base.