ASX

Funds management

Westpac to divest final stake in Pendal

Westpac is to divest its final 9.5% stake in Pendal as the company looks to “simplify operations”. ...

Life/Risk

Class action against CBA for junk insurance

Slater and Gordon have filed a class action against the bank for selling customers “worthless” insurance....

Funds management

Aussie ETP at $63.77 billion

The exchange traded product industry experienced the fourth highest monthly inflows in May at $1.66 billion, with $739.6 million directed at Australian equities, accordin...

Funds management

Pockets of office assets still valuable

Quality office assets with secure income streams might still be attractive for investors even though the market will continue to see some headwinds due to COVID-19, accor...

Policy & Regulation

Westpac exits staff and cuts salaries of AUSTRAC failures

Westpac has confirmed the career and salary consequences that has flowed from its AUSTRAC scandal....

Financial planning

Clime takes Madison

Clime Investment Management has emerged as the buyer of Madison. ...

Financial planning

Will the Iress acquisition of OneVue create a disruptor?

The proposed Iress acquisition of OneVue has surprised many but is explained by the synergies and returns which can be derived by leveraging technology and reach. ...

Financial planning

Iress moves to acquire OneVue

Financial services technology company, Iress has moved to acquire OneVue....

Financial planning

Chinese state-owned entity casts shadow on Madison sale

A Chinese state-owned entity has cast a shadow over OneVue’s sale of Madison. ...

Financial planning

All eyes on OneVue, Sequoia and Madison

OneVue is in trading halt on the Australian Securities Exchange and so is Sequoia as attention focuses on the future ownership of financial planning dealer group, Madison...

Funds management

Three ways to increase dividend income

Earnings of Australian companies have taken a material hit during the COVID-19 pandemic, putting pressure on dividend yields but there are ways to improve this, according...

Policy & Regulation

RC-based class action against IOOF settles quietly

IOOF has walked away from a class action initiated against it in the wake of the Royal Commission and action by the Australian Prudential Regulation Authority with a quie...

Funds management

Australian ETF industry still strong

Despite the market turmoil, the Australian exchange traded funds industry continued to show investors’ confidence in Q2 in this asset class, according to ETF Securities. ...

Funds management

ASIC calls on market participants to ‘act appropriately’

The Australian Securities and Investments Commission has written to market participants to ask they act appropriately to ensure a resilient stockmarket. ...

Funds management

Pandemic volatility spikes exceeded GFC

Intra-day volatility on the ASX 200 was significantly greater during the COVID-19 pandemic than during the Global Financial Crisis, according to Allan Gray....