big four

Funds management

Work ahead for big four banks in 2021

While the major banks have been resilient and avoided a worst-case scenario by holding strong balance sheets during the economic downturn, they still have “a big job” ahe...

Financial planning

Big four improve brand authenticity

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...

Financial planning

Big four made $1.2b from rate cuts

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

Fitch still negative on Aussie banks

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. ...

Funds management

Which big four bank has recovered best from the market crash?

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 ...

Financial planning

ANZ fails COVID fairness test

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

Financial planning

FPA, AFA and licensees to front key parliamentary committee

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...

Funds management

IML avoids ‘unappealing’ banking sector

IML Investors has said it is reluctant to add exposure to the big four banks as it believes the risk/return in the sector is unappealing....

Financial planning

AMP and big four see 52% increase in enforcement investigations

The Australian Securities and Investments Commission had staff on-site at the major banks and AMP for 216 days during October 2018 and December 2019....

Policy & Regulation

Why the times are suiting HUB24

The exit of the big banks and the consequent net outflows from the big institutional platforms is playing to the strengths of specialist platform providers....

Funds management

Big 4 exposure didn’t hold back best Aus geared equity funds

All four of the top performing funds in the Australian equity geared sector held Big Four banks in their top holdings....

Financial planning

2,900 advisers leave industry in wake of banks, AMP

The exit of the Big Four banks and the change in strategy by AMP Limited will see planner numbers decrease by almost 2,900, according to the latest findings from this yea...

Financial planning

NAB expects further adviser provisioning

National Australia Bank has revealed it is expecting to have to provide further provisioning around client remediation for adviser service fees for self-employed advisers...

Financial planning

NAB remediation reaches $32m

National Australia Bank has paid out over $32 million in customer remediation as at 30 June, 2019, part of total $119m paid out by Australia’s five largest banks. ...

Policy & Regulation

ANZ complies with ASIC enforcement

The Australian Securities and Investments Commission has announced ANZ has complied with the court enforceable undertaking regarding its fees for no service conduct for i...