ASX

Funds management

Faced with COVID-19 factors, Westpac has announced new and increased provisioning and asset write-downs totalling around $1.4 billion....

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Funds management

ETF trading volumes continued to grow in March, hitting an all-time high of $18 billion in turnover, according to BetaShares. ...

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Financial planning

Financial services software firm, Iress has decided to withdraw its FY20 guidance due to ‘the broader uncertainty surrounding COVID-19’. ...

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Funds management

First it was industry superannuation funds announcing downward revaluations of their unlisted assets, now major property funds started announcing similar processes....

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Funds management

The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic....

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Superannuation

The decision by the owners of research and ratings house Zenith to call off their bid for Chant West has resulted in the initiation of court action....

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Funds management

There is likely to be a ‘lasting reduction’ in demand for travel firms and cruise companies even after the market recovers from COVID-19, according to Magellan....

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Funds management

AMP Capital predicts ASX200 dividends will be cut by a third over the next 12 months, a larger cut to dividends than during the global financial crisis....

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Funds management

The current state of market offers great opportunities for contrarian investors with a focus on fundamentals, Allan Gray’s chief investment officer said....

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Financial planning

Despite the current market uncertainty, OneVue has confirmed its continuing expectation that it will complete the transaction for the sale of Madison Financial Group in A...

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Financial planning

AMP has withdrawn its outlook due to challenges in providing accurate forecasts for this year stemmed from COVID-19 but remained on track to complete 80% of its client re...

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Funds management

There have been mixed results for major listed financial groups in terms of volatility caused by COVID-19 with banks suffering least while firms such as OneVue and Challe...

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Funds management

Travel firms Flight Centre Travel Group and HelloWorld Travel have both announced changes to its business models in light of the updated travel restrictions....

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Features

Mike Taylor writes that the services of experienced financial advisers have never been in greater demand as clients attempt to come to terms with the market volatility be...

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Features

The chaos caused by COVID-19 is likely to be the final straw to tip Australia into its first recession in 30 years, with managers saying it could be ‘hard to escape’, Lau...

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

4 weeks 2 days ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

1 month ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

1 month ago

The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....

2 weeks 2 days ago

The Financial Advice Association Australia has addressed “pretty disturbing” instances where its financial adviser members have allegedly experienced “bullying” by produc...

3 weeks 3 days ago

ASIC has released the percentage of candidates who passed its August financial advice exam with the volume dropping to the lowest since November 2022....

2 weeks 2 days ago