NAB

Funds management

There are four funds set to benefit from the completion of the acquisition of MLC Wealth by IOOF from National Australia Bank, which makes it Australia’s largest wealth m...

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Financial planning

BlackRock, NAB, Westpac and Vanguard are among the other highly-rated financial services organisations, according to Super Recruiters’ Network Investor Perception Ranking...

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Financial planning

The acquisition has doubled the size of the IOOF business to $494 billion in funds under management and will see a single senior leadership and management structure in pl...

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Financial planning

A better than expected rebound in the Australian and New Zealand economies has helped drive up NAB’s cash earnings to $3.343 billion for the first half of 2021. ...

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Funds management

The firms were found to be leaders in making their environmental, social, and governance objectives clear in integrated reports....

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Financial planning

The Australian Securities and Investments Commission is pursuing National Australia Bank in the Federal Court over 195,305 instances of incorrectly charging fees and bein...

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Financial planning

Australian banks accounted for the second-highest financial penalties in 2020, just after American banks, with total fines reaching $981.06 million, according to Finbold....

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Life/Risk

Nippon Life and National Australia Bank have provided a $650 million capital injection to MLC Life with Nippon Life declaring it will be carefully monitoring developments...

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People & Products

Les Matheson will join as chief operating officer, responsible for UBank, group marketing, corporate affairs and other strategic initiatives....

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Funds management

Holding a low weight to financial stocks is the common denominator between those Australian equity funds which have reported double-digit gains over the past year. ...

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Funds management

While the major banks have been resilient and avoided a worst-case scenario by holding strong balance sheets during the economic downturn, they still have “a big job” ahe...

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Funds management

Fee waivers provided due to the COVID-19 pandemic, reduced transaction volumes due to the pandemic, along with increased expenses and credit impairment charges contribute...

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Funds management

Macquarie Group has ranked as the largest asset manager in Australia with US$412 billion ($583 billion), significantly greater than its nearest rival....

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Policy & Regulation

In a decision which has implications for other sections of the financial services industry, the Federal Court has imposed a $15 million penalty on National Australia Bank...

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Life/Risk

MLC Life’s new chief of life insurance, Sean McCormack, has acknowledged the adverse impacts of the company’s technology changes but says the company is accepting its res...

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Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

5 days 22 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

5 days 23 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

6 days 22 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....

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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 ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago