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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. ...
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...
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...
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....
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...
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....
Superannuation
Suncorp has largely totally exited wealth, selling its superannuation business to LGIA Super which is currently in merger talks with Energy Super....
Funds management
One particular bank’s shares fell over 30% last year and Airlie Australian Share fund has now exited the position....
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....
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...
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...
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 ...
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....
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
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...