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NAB
Financial planning
On the back of revealing a 7% decline in third quarter cash earnings, National Australia Bank has confirmed that client remediation continues to be a factor in exiting ML...
People & Products
Queensland Investment Corporation chief risk officer David Clarke has been appointed to the same position at NAB’s wealth management arm....
Financial planning
New data shows that financial planners are continuing to exit the industry but that the rate at which they are leaving is slower than for the same period last year....
Superannuation
Superannuation fund industry representatives are expressing concern as funds face outflows of more than $60 billion as a result of the Government’s three-month extension ...
Life/Risk
News reports out of Japan suggest MLC Life’s Japanese parent, Nippon Life, is considering injecting more capital as it moves to staunch losses associated with income prot...
Superannuation
Ten major superannuation funds continue to do the majority of the heavy lifting on hardship early release superannuation, but some appear to have been less affected than ...
Financial planning
Although the industry continues to lose advisers, this week’s data from HFS Consulting has shown that the losses were lower compared year-on-year. ...
Funds management
Commonwealth Bank and ANZ are “the worst” offenders with each lending to projects with emissions equivalent to nearly eight years of Australia’s total greenhouse gas emis...
People & Products
The National Australia Bank has appointed Andrew Irvine as group executive business and private banking....
Funds management
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 ...
Funds management
MLC customers are being charged 0.1% for non-NAB owned investments and 0.15% for ASX-listed investments, according to reports....
Funds management
April was a record-breaking month, with 37 placements raising a total of $13 billion, according to Zenith Investment Partners. ...
Financial planning
Australia’s Big Four banks have been rated on their COVID-19 responses by consumer advocate Choice, with ANZ performing the worst. ...
People & Products
The global investment manager has appointed Chris Clayton as head of distribution and Aman Kashyap as investment specialist. ...
Financial planning
National Australia Bank group chief executive Ross McEwan has confirmed the banking sector will be a less attractive sector for dividends in the aftermath of the COVID-19...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...