SUNCORP

People & Products

Colonial First State has appointed a new group chief executive following a global search. ...

People & Products

Former APRA board member and MLC Superannuation and Investment chief executive, Geoff Summerhayes, has taken over as chair of Zurich Financial Services Australia. ...

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Financial planning

ANZ’s exit of financial planning and advice means the bank has now removed wealth management risk from the business, despite a $62 million loss from the transaction, it s...

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People & Products

Investment market volatility saw Suncorp’s investment portfolios report a loss of $190 million in FY22, compared to a $453 million profit in the prior year, while extreme...

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People & Products

ANZ is to acquire the banking business of Suncorp for $4.9 billion, at the same time as withdrawing from proposals to acquire accounting firm MYOB....

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Financial planning

A study from Griffith University has recommended financial literacy be taught as a standalone subject to high school-aged students or at the least, through a co-curricula...

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People & Products

Insurance profit after tax saw 42.4% growth during FY20 as it exited underperforming products while its wealth business was sold to LGIAsuper....

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Superannuation

Suncorp has largely totally exited wealth, selling its superannuation business to LGIA Super which is currently in merger talks with Energy Super....

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Funds management

One particular bank’s shares fell over 30% last year and Airlie Australian Share fund has now exited the position....

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People & Products

Greg Clarke has been appointed to the newly-created role of director of institutional solutions, linking the institutional business, marketing and investment divisions....

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Life/Risk

Suncorp has denied the existence of entrenched problems with respect to its total and permanent disability insurance offering but has nonetheless initiated a comprehensiv...

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Superannuation

A key Parliamentary Committee has declared its intention to scrutinise the amount of money being spent by industry funds on advertising and whether it is members’ best in...

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Financial planning

The bank has announced it will cut 550 jobs and create 180 new jobs but the Finance Sector Union says this will not guarantee employees made redundant will be redeployed ...

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Superannuation

Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive $3.6 million in compensation....

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Superannuation

While AustralianSuper, Hostplus, and Cbus had some of the largest drawdowns from the scheme, they also produced some of the best returns over the last decade, according t...

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MARKET INSIGHTS

Old Fella

Of course a survey commissioned by an adviser coaching business would find that having an external business coach is a k...

10 hours 43 minutes ago
One foot out the door

A financial planner is expected to earn between $95,000 and $120,000 per year, depending on the state. Really? I don't...

20 hours 8 minutes ago
JOHN GILLIES

The whole thing is a bit frightening especially the last note where notes on what might be done could result in the need...

1 day 17 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

1 week 6 days ago

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches....

4 weeks ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

6 days 19 hours ago