BANK

Financial planning

ME Bank has been ordered to pay $820,000 by the Federal Court for pleading guilty to criminal charges of making false and misleading representations, and failing to provi...

Funds management

Magellan has warned a black swan event ‘cannot be ruled out’ given the current banking crisis but reassured investors in its $7.2 billion Global fund that it has minimal ...

Financial planning

Westpac has reduced headcount by more than 1,100 people in the past quarter, contributing to a $191 million decline in expenses, as it brings forward its simplification p...

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People & Products

Insurance profit after tax saw 42.4% growth during FY20 as it exited underperforming products while its wealth business was sold to LGIAsuper....

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Funds management

The firms were found to be leaders in making their environmental, social, and governance objectives clear in integrated reports....

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Financial planning

Australians are losing $6.5 billion on unnecessary costs such as fees and subscriptions, prompting Rest to encourage them to check their bank and superannuation statement...

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People & Products

The big bank has promoted Alexis George to deputy CEO following the retirement of Graham Hodges, while also appointing Mark Hand to the bank’s executive committee....

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People & Products

Rob Carnell will succeed Tim Condon as chief economist and head of research, Asia Pacific at ING Bank....

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Superannuation

As the Parliament moves to consider super fund governance changes, Industry Super Australia has released research claiming the big banks are taking a third of all super f...

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Financial planning

Non-aligned advisers make up one in every two planners, according to the 2015 Top 100 research conducted by Money Management....

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Funds management

Earnings momentum, solid balance sheets, and growing dividends have given our major banks the support to deliver global sector-leading returns on equity, according to Mor...

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Funds management

Asian high net worths are increasingly getting their advice from private banks and are turning to international equities and investment property in volatile times....

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Tools & guides

Given that roughly one billion people will be 65 or older in East Asia by 2050, Australian banks need to revamp their services, Juan Pedro Moreno and Greg Carroll write....

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Financial planning

Major mortgage lenders have bounced back after losing the number of new home loans to non-majors at the end of last year, according to data by AFG. ...

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Financial planning

Business banking customer satisfaction levels have dropped to 66.1 per cent contrasting with 82.9 per cent satisfaction with personal customer satisfaction, according to ...

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week 1 day ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week 1 day ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 2 days ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago