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Funds management
The current state of market offers great opportunities for contrarian investors with a focus on fundamentals, Allan Gray’s chief investment officer said....
Funds management
There have been mixed results for major listed financial groups in terms of volatility caused by COVID-19 with banks suffering least while firms such as OneVue and Challe...
Policy & Regulation
Anthony Hilsley failed to provide advice in the best interest of his clients, an investigation by the Australian Securities and Investments Commission found....
People & Products
Alexis Rouch has been appointed as chief technology officer by the self-managed superannuation fund software company, as it undergoes a transformative business strategy....
Financial planning
The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....
People & Products
After acquiring OnePath last winter, Zurich has settled its senior distribution team for both brands....
Funds management
Commonwealth Bank of Australia has retained its spot as one of the world’s biggest dividend payers, although it has fallen from 15th place in 2018 to 20th last year. ...
Financial planning
IOOF has announced it will not be provisioning beyond the $223 million for advice remediation it announced in August last year....
Financial planning
Compensation paid by the six largest banking and financial services institutions for fee-for-no-service and non-compliant advice is at $749.7 million, according to the co...
People & Products
Former ANZ Group chief executive, John McFarlane has been announced as the chair-elect of Westpac and will be responsible for appointing the bank’s next chief executive....
Tech
Publicly-listed platform provider Netwealth has continued to assert its leadership – this time in terms of digital wealth applications....
Financial planning
IOOF and ANZ are working towards completing the transaction regarding OnePath and Oasis by 30 January, 2020....
Funds management
In the wake of its money-laundering scandal, most funds that had a high allocation towards the bank managed to recover losses indicating the resilience of big banks....
Funds management
The investment in ASX 200 from Chinese sovereign wealth and pension funds has halved over the last five years, according to Orient Capital....
Financial planning
Just like the big industry superannuation funds, the banks are embracing salaried planners as integral to retaining a foothold in wealth management....
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...