BANKS

Funds management

Profitability at the big four banks is expected to remain under pressure for the next 18 months, according to ratings agency Fitch. ...

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Financial planning

Breaches of the Future of Financial Advice rules will sit at the centre of class actions being formulated against the Commonwealth Bank, AMP and Westpac and a number of t...

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Financial planning

Bank dividends could be cut after the Australian Prudential Regulation Authority told them to ‘maintain caution’ over 2020 dividend payments with the payout ratio maintai...

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Financial planning

Satisfaction scores from consumers have improved in May, according to data from Roy Morgan....

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Funds management

With a possible recovery in the second half of the year and a less severe downturn than initially anticipated, the banking sector might remain an attractive position for ...

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Financial planning

The Australian Banking Association has announced two temporary changes to the Banking Code of Practice, which have been approved by the corporate regulator....

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Funds management

As National Australia Bank group chief executive Ross McEwan warns banking will be less profitable in the short-term, which big four bank has recovered best in the three ...

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Financial planning

Australia’s Big Four banks have been rated on their COVID-19 responses by consumer advocate Choice, with ANZ performing the worst. ...

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Financial planning

The same Parliamentary Committee which has been applying close scrutiny to industry superannuation funds and their financial planning expenditures is about to turn its at...

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Funds management

The banking industry’s low risk business model and balance sheet strength remain largely underestimated by the markets, according to Western Asset. ...

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Funds management

Dividends in the financial sector could be cut by 41% this year, according to UBS, with total ASX 200 dividends expected to fall by $21.7 billion....

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Funds management

Plato Investment Management has urged the big four banks to continue with their dividend payments by utilising their dividend re-investment plans to protect investors who...

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Policy & Regulation

Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds....

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Financial planning

The likelihood that businesses won’t restart and customers won’t be able to start paying down their mortgages have been factors in ratings house Fitch downgrading Westpac...

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Financial planning

The Australian Banking Association has announced the banks’ readiness to support the JobKeeper program....

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Never miss the latest news and developments in wealth management industry

JOHN GILLIES

Might be a bit different to i the past where at most there was one man from the industry on the loaded enquiry boards a...

1 day 2 hours ago
Simon

Who get's the $10M? Where does the money go?? Might it end up in the CSLR to financially assist duped investors??? ...

5 days 21 hours ago
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 6 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 1 week 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