BANKS

Funds management

As ANZ announces a $1.5 billion on-market buyback, this was a “strong indicator” that bank dividends could continue to rise for the next 12 to 24 months, according to Pla...

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Financial planning

Non-bank financial services – as well as banking and insurance – are among the lowest rated industries for trust, according to Roy Morgan....

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Funds management

Three of Australia’s largest banks have fallen back in their female board representation with one dropping below the 30% target....

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Funds management

Australian resource companies will drive the local market higher during the second half of 2021 towards 8,000 and gain more than banks, according to Research Affiliates....

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Funds management

The boost in activity in the housing market will improve the outlook for bank credit growth and earnings, according to Martin Currie Australia....

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Financial planning

An executive with major consultancy Deloitte has revealed that at least two of the major banks have been scoping out opportunities to return to the financial planning are...

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Financial planning

Trust in big banks is up 19 points from 2019 as the reputation of the major banks improve after leaving financial planning....

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Funds management

Near-term risks are easing for financial institutions but downside risks remain, according to Fitch Ratings, which changed 20% of its outlook ratings from ‘negative’ to ‘...

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Funds management

Seeking cyclical exposure, investors have moved to be most overweight to the banking sector for the first time since May 2018, according to Bank of America. ...

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Funds management

CommBank has unveiled its own buy now, pay later service called Commbank BNPL but there are “fatal flaws” in the business, according to Datt Capital’s Emanuel Datt. ...

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Financial planning

Over three-in-five Australian companies cut or cancelled their dividends between April and December 2020, according to Janus Henderson....

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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...

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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....

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Funds management

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

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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....

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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