BANKS

Funds management

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

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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. ...

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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...

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Funds management

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

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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. ...

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Financial planning

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

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Financial planning

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

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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....

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Funds management

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

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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. ...

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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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Superannuation

Superannuation funds have different business models to either the banks or the major insurers and this needs to be recognised....

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Financial planning

Collaboration between climate scientists and finance firms like NAB, Westpac and the Commonwealth Bank has produced guidance on assessing the physical risks of climate ch...

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Financial planning

Banks are contacting customers for their six-month home loan deferral assessment to discuss the next stage of support and assistance....

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Funds management

Banks are ‘confusing’ as they look cheaper now relative to any period of history but the outlook is not great for the sector, according to Airlie Funds Management....

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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...

3 hours 54 minutes ago
Simon

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

4 days 22 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 5 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