banks

Funds management

The ETF provider has launched its 40th listed ETF, offering investors a cost-effective way to generate attractive yield from Australian banks....

Funds management

Betashares launches major bank bond ETF

Betashares has expanded its fixed income solutions with the launch of a new ETF offering exposure to subordinated bonds issued by the big four Australian banks....

Financial planning

Expect digital advice to prompt return of banks

Betashares chief executive, Alex Vynokur, believes technology advancements will enable banks to return to financial advice in the future as the need for advice is greater...

Financial planning

ASIC confirms fees for no service still problematic issue

Despite an “eye-watering” $4.7 billion paid in remediation, ASIC believes fees for no service is still an active issue and has made multiple investigations of alleged inc...

Financial planning

5 years of the Hayne RC: FAAA’s Abood on whether banks will ever return to advice

On the five-year anniversary of the Hayne royal commission, FAAA chief executive Sarah Abood believes it will be a “tragedy” if the industry reverts back and shares her v...

Financial planning

Jones unveils final QAR reforms

Minister for financial services, Stephen Jones, has unveiled the final tranche of his Delivering Better Financial Outcomes reforms with a focus on banks, simpler document...

Financial planning

Could banks move into the retirement space?

EY believes there is a benefit for banks in returning to the wealth space and developing decumulation products for consumers entering retirement. ...

Financial planning

AIOFP flags stealth re-entry of banks to advice

Noting that some QAR recommendations make it “less legally onerous” for banks to provide advice, the industry association said it suspects a lingering interest from these...

Funds management

Fidelity backs Australian insurers

Fidelity is betting on gains for insurance firms in its Australian equity portfolios, at the expense of the big four banks. ...

Policy & Regulation

ASIC calls on banks to improve migration into low-fee accounts

ASIC has called on banks to assist customers to move into low-fee accounts after it found consumers, including First Nations people, are being charged up to $3,000 in ove...

Expert Analysis

Investors need to be more selective with financials

The recent failures of US banks, Silicon Valley Bank (SVB) and Signature Bank, have unnerved investors globally, writes ST Wong....

Funds management

‘Things are going to get worse’ for Aussie banks

A leading Australian banking analyst has accepted that lenders will soon see a rise in bad debts as the full impact of rate hikes begins to hit borrowers....

Funds management

Is commercial real estate the ‘next penny to drop’?

Is it “too early” to call an end to the banking crisis amid uncertainty in the commercial property space, threatening to undermine the viability of highly exposed institu...

Funds management

Magellan shuns banks amid recession doubts

Magellan has begun positioning its $7.3 billion Global portfolio for a recession, which it believes is a likely scenario this year....

Financial planning

AIOFP welcomes ‘pragmatic’ view of Treasury to QAR

The Association of Independently Owned Financial Professionals has shared insights from its meetings with the Treasury regarding the Quality of Advice Review, where it st...