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....

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Funds management

ANZ has reported a solid increase in unaudited net profit in the third quarter amid tougher conditions....

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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....

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Financial planning

Specialist publicly-listed financial services technology firm, GBST, has posted a strong result largely underpinned by its international expansion....

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Financial planning

NAB posts solid third quarter update, with NAB Wealth making significant contributions....

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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....

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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....

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Financial planning

The Commonwealth Bank has upped the ante on its annuities strategy by moving to offer them via its platforms, FirstChoice and FirstWrap....

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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....

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People & Products

GBST enters into alliance with British-based business technology provider BPO focused Xchanging....

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People & Products

Aura Group has moved to focus on the post-accountants exemption environment by acquiring a majority stake in AFG....

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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 ...

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Financial planning

CBA posts solid quarter but notes impact of advice remediation and regulatory costs....

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Despite claims to the contrary, the latest super data suggests industry funds have not significantly out-performed retail funds since before the GFC....

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Financial planning

ASIC is focusing on stockbrokers and investment advisers and the use of general of advice....

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Graeme

FWIW I am a long term holder of both. I am relaxed about my LICs trading at a discount. Part of a cycle. I would like...

2 hours ago
Ross Smith

The term "The democratisation of private assets continues to gain steam" is marketing misleading. There is no democracy...

3 hours ago
Greg

I have passed this exam, and it is not easy or fair exam. It's no wonder that advisers are falsifying their results. ...

3 days 3 hours 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 3 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 3 weeks ago