FINANCIAL RESULTS

Financial planning

Challenger has reported a lower statutory net profit after tax which fell by $15 million to $308 million in FY19 due to the significant disruption in the advice industry....

Financial planning

Praemium has reported a 25 per cent increase in platform funds under administration to a record $9.5 billion....

Financial planning

ClearView has announced the removal of its financial advice segment from embedded value calculations as a part of a broader resetting of its business in 2H FY19....

Financial planning

Perpetual, which has posted weaker results for 1H19, has announced its readiness to expand its focus beyond value investing and adopt a boutique-like management style....

Financial planning

IRESS has reported strong positive results for the year to 31 December 2018, and expects profits to continue on their growth trajectory in 2019....

Financial planning

Diversified financial services group, Fiducian has defied the trend by weathering recent market and Royal Commission events to post a solid increase in first-half profit....

Financial planning

AMP Limited has flagged reshaping its advice network as it reports a significant decline in full-year profit....

Financial planning

Net profit after tax for financial services technology provider, GBST, went up by 48 per cent to $3.7 million in the first half of 2019....

Funds management

Listed investment company, AMCIL Limited has reported a 42.7 per cent growth in profit in the 2019 financial year....

Funds management

Australian Foundation Investment Company has reported a 62.5 per cent growth in net profit to $250.3 million from the previous corresponding period....

Funds management

Pendal Group has delivered a 17 per cent lift in cash earnings for fiscal 2018 on the back of a sixth straight year of growth in funds under management....

Financial planning

The firm has delivered cash earnings of $786 million for fiscal 2018, steady on the prior year’s earnings of $782 million....

Financial planning

Westpac Banking Group has managed stay in the black despite heavy customer remediation costs, with BT Financial Group weathering much of the difficulty....

Funds management

The investment bank has delivered a 5 per cent rise in net profit to $1.31 billion for the first half of fiscal 2019....

Financial planning

Bell Financial Group has used a market update to report strong revenues and profitability as well as signalling a plan to further leverage its platform capability....

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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 1 week 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 6 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 2 days ago

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

3 days 21 hours ago