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Financial planning

The Association of Independently Owned Financial Professionals has shared insights from its meetings with the Treasury regarding the Quality of Advice Review, where it st...

Funds management

Investor pessimism is close to a 20-year low thanks to the global banking crisis and in line with sentiment during the Global Financial Crisis, a notable reversal of Febr...

Funds management

The country's financial regulators have sought to temper fears of a crisis following the collapse of three US banks. ...

People & Products

Commonwealth Bank shareholders have benefited from the higher interest rate environment, with the big four bank’s earnings rising 9% over the first half of the 2023 finan...

Financial planning

Praemium CEO, Anthony Wamsteker, is confident banks and super funds won’t be able to get away with poor or conflicted financial advice despite Quality of Advice recommend...

Funds management

The Big Four banks have reported combined cash earnings of $28.5 billion but signs are pointing towards challenging conditions, according to EY and KPMG....

Policy & Regulation

ASIC has commenced civil penalty proceedings against big four bank ANZ for allegedly misleading customers about the available funds and balances in their credit card acco...

Funds management

The latest Janus Henderson Global Dividend Index shows Australian dividends totalled $97.9 billion in the 12 months to the end of March 2022, breaking through the pre-pan...

Financial planning

Former bank-licensed advisers have opted to move to privately-owned licensees, with a preference for boutiques, according to Adviser Ratings....

Financial planning

The Big Four banks, AMP and Macquarie have paid or offered a total of $3.1 billion in compensation to customers who suffered loss or detriment because of fees for no serv...

Funds management

After a persistent upward rise for buy now, pay later stocks, they are seeing a change in sentiment with double-digit losses over the past three months....

Funds management

Banks resuming their regular dividend payouts has helped Australian companies to account for more than a third of the $69 billion year-on-year increase in global dividend...

Financial planning

It is “highly unlikely” that the big four banks will not enter the roboadvice space in the future as they will be unwilling to give up market share to an incumbent....

Funds management

It is rare to see “all parts of the market firing on all cylinders”, according to Airlie, but the high multiples make it challenging to find quality companies....

Policy & Regulation

The regulator has outlined the purpose, design and scope of its climate vulnerability assessment to help regulated entities, including the largest banks, understand and m...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 21 hours ago