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Financial planning
New data shows that financial planners are continuing to exit the industry but that the rate at which they are leaving is slower than for the same period last year....
Superannuation
Superannuation fund industry representatives are expressing concern as funds face outflows of more than $60 billion as a result of the Government’s three-month extension ...
Life/Risk
News reports out of Japan suggest MLC Life’s Japanese parent, Nippon Life, is considering injecting more capital as it moves to staunch losses associated with income prot...
Superannuation
Ten major superannuation funds continue to do the majority of the heavy lifting on hardship early release superannuation, but some appear to have been less affected than ...
Financial planning
Although the industry continues to lose advisers, this week’s data from HFS Consulting has shown that the losses were lower compared year-on-year. ...
Funds management
Commonwealth Bank and ANZ are “the worst” offenders with each lending to projects with emissions equivalent to nearly eight years of Australia’s total greenhouse gas emis...
People & Products
The National Australia Bank has appointed Andrew Irvine as group executive business and private banking....
Funds management
As National Australia Bank group chief executive Ross McEwan warns banking will be less profitable in the short-term, which big four bank has recovered best in the three ...
Funds management
MLC customers are being charged 0.1% for non-NAB owned investments and 0.15% for ASX-listed investments, according to reports....
Funds management
April was a record-breaking month, with 37 placements raising a total of $13 billion, according to Zenith Investment Partners. ...
Financial planning
Australia’s Big Four banks have been rated on their COVID-19 responses by consumer advocate Choice, with ANZ performing the worst. ...
People & Products
The global investment manager has appointed Chris Clayton as head of distribution and Aman Kashyap as investment specialist. ...
Financial planning
National Australia Bank group chief executive Ross McEwan has confirmed the banking sector will be a less attractive sector for dividends in the aftermath of the COVID-19...
Policy & Regulation
The Finance Sector Union of Australia is asking NAB employees to assist in the audit of their pay, to correct the bank’s failure to remunerate staff....
People & Products
MLC Life Insurance has appointed Rodney Cook as chief executive and managing director after an extensive search following the departure of David Hackett in January. ...
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MARKET INSIGHTS
Podcast
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....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...