commonwealth bank

Funds management

Big Four beat mutual banks in capturing customer money

Despite reporting a higher level of customer satisfaction, the mutual banking sector has been less successful at capturing customer dollars compared to the four major ban...

People & Products

BTIM names new chair

BT Investment Management has named a new chairman as Brian Scullin announces his retirement....

Financial planning

Big four banks stronger than ever

Morningstar analysis paints the big four banks as being an oligopoly which is stronger now than before the GFC....

Editorial

Financial services recruitment - if not now, when?

After a substantial part of the year when employers and employees seem to have been marking time in terms of job recruitment, things may be about to change, write Andrew ...

Financial planning

Customer loss should give banks pause

More than a million customers have ended their relationship with a financial institution in the past year, with ANZ reporting the highest proportion among the major four ...

Funds management

Macquarie inflows benefit from Perpetual deal

Macquarie Group has reaped the benefits of integrating Perpetual’s Private Wealth Platform into its wrap business, recording a 46.7 per cent increase in retail managed fu...

Financial planning

Senate inquiry into ASIC drives up workload

Submissions to the Senate inquiry into ASIC are revealing a wide range of complaints against not only the regulator but banks and insurers....

Financial planning

Market confidence bounces back

Investor worries about financial markets are under control while market return expectations have jumped, writes Recep Peker....

Superannuation

AMP unsuccessful at product cross-sell

New research shows AMP Group has had very little success at selling banking products to its superannuation customers, unlike the Big Four. ...

Editorial

No substitute for face-to-face

While a recent Money Management/Association of Financial Advisers thought leadership breakfast traversed the manner in which FOFA has accelerated the penetration of techn...

Financial planning

AMP Capital fund in PPP transaction

AMP Capital Community Infrastructure Fund picks up 49.99 per cent equity in Queensland schools PPP. ...

Editorial

Countplus cautious on outlook

Countplus records a steady full-year result but indicates caution on the post-election environment....

Financial planning

CBA posts profit boost

The Commonwealth Bank has finished the last financial year with $7.6 billion in net profit after tax, and an earnings boost for its wealth management division. ...

Financial planning

Non-banks using brokers to attract borrowers

Non-aligned mortgage brokers now provide around 23 per cent of all home loans to borrowers, according to the Mortgage and Finance Association of Australia (MFAA)....