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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...
Policy & Regulation
The Finance Sector Union of Australia is asking NAB employees to assist in the audit of their pay, to correct the bank’s failure to remunerate staff....
People & Products
MLC Life Insurance has appointed Rodney Cook as chief executive and managing director after an extensive search following the departure of David Hackett in January. ...
People & Products
Managed funds services business Ausmaq is now known as Clearstream Australia after the competition of its acquisition by Clearstream. ...
People & Products
It has appointed two investor directors as well as two hires to its newly-created external relations and investor analytics team. ...
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...