POWERED BY MOMENTUM MEDIA
BANKS
Funds management
Investors can be hopeful of being able to rely on dividends again as first half 2021 results have been the strongest for several years, according to AMP....
Funds management
Nikko Asset Management is still looking to IOOF despite the company reporting a downturn of $0.4 billion in funds under management....
Financial planning
Australian banks accounted for the second-highest financial penalties in 2020, just after American banks, with total fines reaching $981.06 million, according to Finbold....
Funds management
Australian banking underperformance could be over next year as the regulator’s dividend restrictions will finish at the start of 2021....
Funds management
Holding a low weight to financial stocks is the common denominator between those Australian equity funds which have reported double-digit gains over the past year. ...
Financial planning
After a Royal Commission, one of the worst bushfire seasons and now a global pandemic, the big four banks have begun to close the gap in repairing their brand authenticit...
Funds management
Whether it’s through exchange traded funds or managed funds, technology has paid off as an asset class in the last year....
Financial planning
Since 2011, the big four banks have made $1.2 billion from delaying passing on rate cuts, according to research from comparison website Mozo. ...
Financial planning
AUSTRAC will cost the bank $415 million and its goodwill and intangibles associated with Westpac Life Insurance Services will cost $568 million....
Financial planning
Almost half of deferred mortgages and small business loans have resumed, according to data from the Australian Banking Association (ABA)....
Funds management
Only two US banks were fined more than the Australian bank during 2020, with anti-money laundering breaches being the most common cause worldwide....
Funds management
Westpac should generate strong profits as loan losses fall, cash rates begin to rise, and cost savings are achieved, according to Morningstar....
Editorial
The banks are out, scores of advisers are heading for the exits and it is time for Governments to stand back and let the financial planning industry succeed. ...
Financial planning
Fitch Ratings has maintained its negative outlook on the ratings of Australia’s four largest banks: ANZ Group, Commonwealth Bank of Australia, NAB and Westpac. ...
Superannuation
Superannuation funds have different business models to either the banks or the major insurers and this needs to be recognised....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
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....