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CBA sells asset manager for $4.13bn
Commonwealth Bank will sell Colonial First State Global Asset Management to Mitsubishi UFJ for $4.13 billion and continue with its...
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Wealth giants are starting to bleed
Australia’s wealth giants continue to lose share of retail flows with their first quarter of net outflows in more than six...
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Dating apps and the battleground for the customer
To compete in today and even tomorrow’s digital world, the wealth management sector must harness the concepts of ‘relevance’ and...
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Former Westpac adviser's banning appeal thrown out
The Administrative Appeals Tribunal has upheld the Australian Securities and Investment Commission's ban on a former Westpac...
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Flat lining cash-options draw class action ire
The financial services royal commission has spawned yet another class action law suit as Slater and Gordan are set to rake...
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ASIC takes NAB to court over fees for no service
The corporate regulator has launched legal action against two of National Australia Bank's wealth management businesses ...
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AtlasTrend launch new green investment fund
Asset manager AtlasTrend has this week launched a new sustainable investment platform which looks set to compete with similar...
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AMP's first half profit hit by remediation costs
Beleaguered wealth manager AMP has posted a 7 per cent fall in underlying interim profit to $495 million although net earnings were...
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AMP claws back losses on asset sale commitment
AMP shares fully recouped last week's losses after management promised to offload its New Zealand business...
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RG97: ASIC releases new report on fee disclosure
A long-awaited independent report has recommended changes to ASIC’s new regulatory guidance which sets out how super funds and...
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Fear and loathing casts pall over wealth industry
Regulatory and political intervention through the Royal Commission, the Productivity Commission and Budget proposals is creating...
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Hayne to grill AMP and CBA in royal commission hearings
The Hayne royal commission will investigate 14 superannuation funds - including AMP and Commonwealth Bank --when the...
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