BANKS

Funds management

Following the lifting of the dividend restrictions by the Australian Prudential Regulation Authority, Money Management tallies which financials are paying the highest div...

Funds management

Investors can be hopeful of being able to rely on dividends again as first half 2021 results have been the strongest for several years, according to AMP....

Funds management

Nikko Asset Management is still looking to IOOF despite the company reporting a downturn of $0.4 billion in funds under management....

Financial planning

Australian banks accounted for the second-highest financial penalties in 2020, just after American banks, with total fines reaching $981.06 million, according to Finbold....

Funds management

Australian banking underperformance could be over next year as the regulator’s dividend restrictions will finish at the start of 2021....

Funds management

Holding a low weight to financial stocks is the common denominator between those Australian equity funds which have reported double-digit gains over the past year. ...

Financial planning

After a Royal Commission, one of the worst bushfire seasons and now a global pandemic, the big four banks have begun to close the gap in repairing their brand authenticit...

Funds management

Whether it’s through exchange traded funds or managed funds, technology has paid off as an asset class in the last year....

Financial planning

Since 2011, the big four banks have made $1.2 billion from delaying passing on rate cuts, according to research from comparison website Mozo. ...

Financial planning

AUSTRAC will cost the bank $415 million and its goodwill and intangibles associated with Westpac Life Insurance Services will cost $568 million....

Financial planning

Almost half of deferred mortgages and small business loans have resumed, according to data from the Australian Banking Association (ABA)....

Funds management

Only two US banks were fined more than the Australian bank during 2020, with anti-money laundering breaches being the most common cause worldwide....

Funds management

Westpac should generate strong profits as loan losses fall, cash rates begin to rise, and cost savings are achieved, according to Morningstar....

Editorial

The banks are out, scores of advisers are heading for the exits and it is time for Governments to stand back and let the financial planning industry succeed. ...

Financial planning

Fitch Ratings has maintained its negative outlook on the ratings of Australia’s four largest banks: ANZ Group, Commonwealth Bank of Australia, NAB and Westpac. ...

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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 1 week 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 6 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 2 days ago

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

3 days 22 hours ago