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FINANCIAL REPORTING
Funds management
Challenger posts solid full-year result, including stellar rise in FUM as its annuities products resonate in the evolving post-retirement market....
Funds management
ANZ has reported a solid increase in unaudited net profit in the third quarter amid tougher conditions....
Financial planning
A strong Commbank result has been clouded by a profit decline in its Wealth Management business flowing from its advice remediation and compliance costs....
Financial planning
Specialist publicly-listed financial services technology firm, GBST, has posted a strong result largely underpinned by its international expansion....
Financial planning
NAB posts solid third quarter update, with NAB Wealth making significant contributions....
Financial planning
Macquarie has completed its Enforceable Undertaking with ASIC but its compliance bill has quadrupled to $413 million and is forecast to continue rising....
Funds management
A new APRA analysis has pointed to Australia’s major banks needing to significantly lift their capital adequacy ratios to meet the aspirations of the FSI report....
Financial planning
The Commonwealth Bank has upped the ante on its annuities strategy by moving to offer them via its platforms, FirstChoice and FirstWrap....
Policy & Regulation
An Auditor-General’s report has revealed that if you’ve received a CGT letter from the ATO, it may well be wide of the market and have missed your share dealings....
People & Products
GBST enters into alliance with British-based business technology provider BPO focused Xchanging....
People & Products
Aura Group has moved to focus on the post-accountants exemption environment by acquiring a majority stake in AFG....
Funds management
Shares in BT Investment Management (BTIM) have been placed in a trading halt on the Australian Securities Exchange (ASX) as the majority Westpac-owned company embarks on ...
Financial planning
CBA posts solid quarter but notes impact of advice remediation and regulatory costs....
Despite claims to the contrary, the latest super data suggests industry funds have not significantly out-performed retail funds since before the GFC....
Financial planning
ASIC is focusing on stockbrokers and investment advisers and the use of general of advice....
MARKET INSIGHTS
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Podcast
My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...
Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...
How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...