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Policy & Regulation
The Australian Securities and Investments Commission has signalled it will not be pursuing the Commonwealth Bank over possible AUTRAC-related violations of the Corporatio...
Financial planning
Centrepoint Alliance has reported a 61% growth in adviser fees during FY20, followed by an 11% growth in gross revenue driven by strong growth in new advisers and signifi...
Funds management
Funds under management rose 110% for Netwealth’s managed accounts as the firm releases its results for FY2020. ...
Financial planning
The big four bank said it would not pay dividends for the first half of 2020 to retain its strong balance sheet while it monitored the uncertain environment....
Financial planning
There has been an increase in the number of women on ASX 200 boards but the unemployment caused by the pandemic has caused the timeline to gender economic equality to ris...
People & Products
This is the third attempt in less than a year by ARA Asset Management to elect its nominee Gary Weiss to the Cromwell Property Group board. ...
Financial planning
On the back of revealing a 7% decline in third quarter cash earnings, National Australia Bank has confirmed that client remediation continues to be a factor in exiting ML...
Funds management
Charter Hall’s retail real estate investment trust has seen its statutory profit 16.8% down for FY20 due to valuation movements....
Funds management
Bell Financial Group has reported a pre-tax profit of $23.5 million and a 7% increase in revenue to $129 million in the first half of 2020. ...
Financial planning
Wealth Today saw a reduction in new business revenue for many advisers between February and May due to the economic uncertainty and downturn from the pandemic....
Financial planning
Wealth Today’s parent company, ASX-listed WT Financial Group, sees potential for further improvement on costs side upon completion its exit of surplus office space progra...
Funds management
The Australian equity sector lost 9.5% during the first half of the year due to the COVID-19 pandemic, according to data, with only six funds reporting positive returns....
Policy & Regulation
IOOF has confirmed the final settlement of a class action brought against it related to a failed prosecution by the Australian Prudential Regulation Authority with no cos...
Funds management
Melbourne boutique manager, Datt Capital, which saw its absolute return fund deliver “stellar” results, has said the current environment is exceptionally good for active ...
Funds management
Powerwrap has posted inflows for the June quarter despite expected net flows not occurring due to the COVID-19 pandemic. ...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...