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12 August 2019 • By Reporter • 1 min read

Praemium FUA hits $16bn

The wealth platform provider has posted a 108 per cent increase in total funds under administration to $16.1 billion over the year to 30 ...

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Financial sector should not be taken for granted: APRA

APRA has appeared before the economics committee and assured the government that the financial system was sound and resilient, but it should not be ...

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400,000 NAB customers eligible for class action

Almost half a million Australians are expected to receive a notice from the Federal Court advising that they may be eligible for the NAB consumer ...

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ATO hones Indigenous super support

The Australian Tax Office has identified lack of awareness of multiple super accounts among remote Indigenous communities as a recurring theme across ...

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Saxo Bank buys BinckBank, quadruples clients

Saxo Bank has completed its acquisition of Dutch-based BinckBank, with the investment bank set to now service around four times the number of clients ...

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Rest restructures, dissolves investment affiliate

Rest has decided to consolidate its investment subsidiary Super Investment Management (SIM) with its internal investment team and create a new chief ...

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AMP completes ambitious capital raise

AMP Limited has announced the completion of its million dollar capital raising program that will help fund its new strategy.  On Thursday 8 August, ...

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AMP announces $660m capital raise

The wealth giant has announced that it will fundamentally transform its business in the wake of a difficult first half of the financial year

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BlackRock lost $132.8bn backing fossil fuels

BlackRock’s investments in fossil fuels has been estimated to have lost investors $132.8 billion (US$90 billion) over the last decade, according to a ...

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CBA on track to meet prudential inquiry requirements

The fourth report into Commonwealth Bank’s remedial action plan following APRA’s prudential inquiry shows that the bank has made solid progress

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