ASX

Funds management

Centuria Capital Group has declared its full $174 million takeover offer for New Zealand-based Augusta Capital unconditional....

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Financial planning

Sequoia Financial Group has entered into a purchase of assets agreement with Total Cover Australia, via the company’s wholly owned subsidiary InterPrac....

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Funds management

As markets weathered the market crash caused by the COVID-19 pandemic, the ASX Small Ordinaries lost 6% during the financial year but performance by the utilities sector ...

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Life/Risk

AMP Limited has sold AMP Life for $3 billion but will retain a 20% holding in Resolution Life Australia....

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Financial planning

The sale of Madison Financial Group to Clime Asset Management is complete but OneVue will have to continue haggling with a major Chinese Sargon creditor....

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Features

The ETF market in Australia is unlikely to reach the heights or complexity of the US, writes Laura Dew, but industry experts believe the space is still a fast-growing and...

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Funds management

Australian equity performance does not reflect the strong COVID-19 crisis response by the country, making a catch-up rally likely in the future, according to T. Rowe Pric...

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Funds management

MLC customers are being charged 0.1% for non-NAB owned investments and 0.15% for ASX-listed investments, according to reports....

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Funds management

Fund manager Allan Gray is forecasting near-zero yields for the majority of ASX-listed companies in the future, although consumer staples may be able to buck this trend. ...

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Life/Risk

AMP has cleared all the regulatory hurdles to complete the sale of AMP Life to Resolution Life on 30 June....

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Funds management

Westpac is to divest its final 9.5% stake in Pendal as the company looks to “simplify operations”. ...

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Life/Risk

Slater and Gordon have filed a class action against the bank for selling customers “worthless” insurance....

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Funds management

The exchange traded product industry experienced the fourth highest monthly inflows in May at $1.66 billion, with $739.6 million directed at Australian equities, accordin...

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Funds management

Quality office assets with secure income streams might still be attractive for investors even though the market will continue to see some headwinds due to COVID-19, accor...

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Policy & Regulation

Westpac has confirmed the career and salary consequences that has flowed from its AUSTRAC scandal....

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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 ...

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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 ...

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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....

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

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

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