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Funds management
The bank said it was in the best interest of stakeholders to withdraw the offer as market volatility was likely to impact the trading value of the notes....
Policy & Regulation
External law firms have been brought in as the Australian Securities and Investments Commission looks to wrap up referrals from the Royal Commission....
Financial planning
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....
Funds management
Commonwealth Bank of Australia has retained its spot as one of the world’s biggest dividend payers, although it has fallen from 15th place in 2018 to 20th last year. ...
Funds management
While global dividends rose to new record in 2019, Australia had a difficult year with dividends falling 3.3%....
Funds management
As two major banks announced their financial results this week, it’s a tale of two diverging share prices for Commonwealth Bank and National Australia Bank....
Financial planning
Compensation paid by the six largest banking and financial services institutions for fee-for-no-service and non-compliant advice is at $749.7 million, according to the co...
Financial planning
Adrian Cassidy has been banned for acting dishonestly by concealing from his licensee recommendations he gave clients to invest in a failed start-up....
Financial planning
Former AMP and NAB authorised representative David O’Brien has been banned for failing to make sufficient inquiries into his client’s circumstances....
Financial planning
The Australian Securities and Investments Commission has taken Federal Court action against National Australia Bank citing several thousand contraventions with respect to...
Financial planning
Three months after the resignation of Matthew Rowe the Government has looked to former NAB Wealth executive, Will Hamilton, to fill the vacant industry spot on the board ...
Financial planning
South Australian adviser Wendy Chapman has been banned for five years, while Queensland adviser Nina Williams has received a one-year ban....
Funds management
In the wake of its money-laundering scandal, most funds that had a high allocation towards the bank managed to recover losses indicating the resilience of big banks....
Financial planning
The burden of client remediation has made the date for National Australia Bank’s exit from its wealth management highly uncertain and it could be later than 2021....
Financial planning
Self-employed advisers working under National Australia Bank will find themselves moved to annual fee agreements in the first half of next year....
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Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...