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Financial planning
National Australia Bank has paid out over $32 million in customer remediation as at 30 June, 2019, part of total $119m paid out by Australia’s five largest banks. ...
Features
Mike Taylor writes that new research conducted by Money Management has confirmed general acceptance of the convergence of accounting and advice but only on the right term...
Financial planning
With the Commonwealth Bank confirming via its Pathways exit its intention to exit its wealth management businesses over time, attention has turned to the future of Financ...
Financial planning
The Commonwealth Bank has cleared the way for exiting its self-employed adviser ‘Pathways’ franchise following issues initially notified to the Australian Competition and...
Financial planning
The degree of commercial pain being felt by financial planning dealer groups has been laid bare in the documentation surrounding the CountPlus acquisition of Count Financ...
Financial planning
The Commonwealth Bank has begun the sell-down of its wealth management assets with the sale of Count Financial to associated and independently publicly-listed firm, Count...
People & Products
Frontier Advisors has announced it has made five new appointments to its consulting team....
Financial planning
Customer satisfaction among the big four banks is improving for the first time since the Royal Commission, according to Roy Morgan research....
Funds management
Commonwealth Bank has reported a 28 per cent fall in third-quarter cash profit from continuing operations of $1.7 billion as a result of $714 million in customer remediat...
Financial planning
ASIC has released the final report on the Commonwealth Bank’s compliance with additional licence conditions that were imposed regarding advice compensation, written by Ko...
Funds management
An AMP shareholder has called on other shareholders to reject the company chair, David Murray’s, election bid at next month’s AGM, saying that AMP’s decision to divest fr...
Features
Two of the major banks may have exited their wealth businesses and two more may be on their way out, but Mike Taylor writes that they have astutely kept the sweetest mors...
Financial planning
The Commonwealth Bank has signalled the degree to which it will be changing its platform arrangements to overcome fee for no service problems....
Financial planning
The Commonwealth Bank has put its wealth demerger on hold to allow it time to complete its client remediation processes....
Policy & Regulation
The Australian Securities and Investments Commission has signalled using its new directions power in the face of the slow response of AMP and the major banks to follow-up...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...