ACCC

Editorial

Mike Taylor looks at the ACCC's report on NAB's and AMP's bids for AXA Asia Pacific, as well as industry consolidation in general....

Financial planning

The ACCC has raised concerns about NAB's bid for AXA Asia Pacific, focusing on the platform market....

Financial planning

The ACCC will release its findings on AMP’s now defunct bid for AXA AP today. The report is expected to give an indication of the areas of concern that may affect the NAB...

Financial planning

AMP is in no rush to up its bid for AXA Asia Pacific, according to a Credit Suisse analyst....

Editorial

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...

Editorial

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 financi...

Financial planning

Control of the Australian platform market has nearly halved in the past four years to be dominated by three of the nation's big four banks, a situation that would be exac...

Financial planning

Employment issues should be considered alongside competition in the acquisition of AXA AP....

Editorial

While some might argue mergers and acquisitions activity has not significantly altered the competitive dynamic of the nation’s financial services industry, it has certain...

Financial planning

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 resid...

Financial planning

Australia's competition regulator has moved to punish a mortgage franchiser who claimed he had a special deal with the regulator....

Financial planning

Proposed acquisition to increase NAB's share of mortgage market by less than 1 per cent....

Editorial

When the National Australia Bank (NAB) late last month announced its acquisition of Aviva’s wealth management business, its documentation lodged with the Australian Secur...

Financial planning

The Australian Competition and Consumer Commission appears to have set a precedent by granting a conditional immunity from prosecution that enables the Mortgage and Finan...

Financial planning

But other acquisitions may not get same leeway....

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 4 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 1 day ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 4 days ago