RESULTS

Financial planning

Negative market movements led to a 53% decline in quarterly net inflows for Praemium in the June quarter....

Financial planning

Over 14,850 have now passed the exam, almost three-quarters of the advisers on the Financial Adviser Register. ...

Financial planning

Fewer provisions and the success of new strategies has seen Westpac post a solid first half....

Financial planning

The bank has created a new division that will encompass its wealth platforms, superannuation and retirement products, investments, general and life insurance, and auto fi...

Funds management

The platform provider has posted a net loss despite a 20% increase in funds under administration during the first half of FY20....

Funds management

The fund manager’s funds management soared 29% to $92.8 billion over the year to 31 December, 2019....

Superannuation

The firm’s client numbers have taken a hit off the back of legacy issues and five years of mergers and acquisition....

Funds management

Challenger has announced a reshape of its business, with stronger direct engagement with prospective customers and increased support for advisers....

Policy & Regulation

The Financial Adviser Standards and Ethics Authority has released its June exam results, from the inaugural financial advisers exam, with 90 per cent of candidates passin...

Financial planning

Half-year major bank result analysis by Deloitte shows the banks are still struggling to make growth against the headwinds....

Financial planning

Westpac has taken a 24 per cent hit to its first-half profit as it continues to accommodate hefty remediation costs and the exit of its financial planning businesses....

Financial planning

Fund administrator, Mainstream Group Holdings, has posted an 11 per cent growth in funds under administration, on prior quarter....

Policy & Regulation

ANZ’s full-year cash profit has taken a hit as it seeks to move beyond wealth remediation and costs associated with the Royal Commission....

Funds management

Antipodes Global Investment Company (APL) has declared its maiden dividend of five cents per share, 50 per cent franked....

Life/Risk

Personal insolvencies in the March quarter 2018 rose a slight 0.1 per cent on the same quarter in 2017 to 7,910....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks 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 ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days 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 1 day ago

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

2 weeks 4 days ago