BANKING SECTOR

Financial planning

National Australia Bank group chief executive Ross McEwan has confirmed the banking sector will be a less attractive sector for dividends in the aftermath of the COVID-19...

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Funds management

IML Investors has said it is reluctant to add exposure to the big four banks as it believes the risk/return in the sector is unappealing....

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Funds management

The global economy is less resilient than 12 years ago at the onset of the financial crisis with the Euro area having seen the biggest decrease in resilience over the per...

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Policy & Regulation

SEEK data has shown that the Royal Commission has led to a direct increase in compliance and risk roles being mandated by clients across all sub-segments of the financial...

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Financial planning

Industry Super Australia has accused the Government of caving into the retail banks and the wealth management sector in allowing ‘carve-outs’ from the design and distribu...

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Life/Risk

The banking group has made a revised takeover bid proposal for Virgin Money in an effort to create a new national competitor in UK banking....

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People & Products

Former AMP Bank managing director, Michael Lawrence has been appointed as the new chief executive of the Customer Owned Banking Association....

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Policy & Regulation

The banks-sponsored Sedgewick Retail Remuneration Review has revealed a banking sector reluctant to apply FOFA norms to mortgage brokering lest they lose market share....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Wonder Dog

Thank God I sold my business....

1 hour 46 minutes ago
Chris Cornish

The Liberals have done a pretty good job of decimating the advice industry too....

19 hours 58 minutes ago
Chris Cornish

The greatest issue is that Stephen Jones and the federal Labor government are anting to prohibit retired Australians, wh...

19 hours 59 minutes ago

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

10 months 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 3 weeks ago

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

10 months ago