NET PROFIT

Financial planning

IOOF has announced it will not be provisioning beyond the $223 million for advice remediation it announced in August last year....

Financial planning

National Australia Bank has revealed it is expecting to have to provide further provisioning around client remediation for adviser service fees for self-employed advisers...

Financial planning

The Commonwealth Bank has targeted late 2019 for completing the demerger of its wealth assets after reporting a solid September quarter....

Financial planning

Perpetual has reported a three per cent growth in its net profit after tax for the six months, with an interim dividend of 135 cents per share....

Funds management

Disciplined investing and global equities have driven Perpetual Equity Investment’s net profit up to $31.8 million for the year ending June 30....

Financial planning

IOOF chief executive, Christopher Kelaher has attributed a strong full-year result to the company’s advice-led strategy....

Financial planning

Class has posted a 71 per cent increase in net profit after tax thanks to an increase in billable portfolios....

News

The Commonwealth Bank has posted a record $9.2 billion profit but its wealth businesses have turned in mixed results with funds management up but life insurance down....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 23 hours ago