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18 February 2019 • By Eliot Hastie • 1 min read

Government passes superannuation reforms despite Labor criticisms

In a last-minute deal, the Liberal government has passed its superannuation reforms which it says will protect low-balance accounts from excessive ...

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NAB ranked most distrusted Aus bank

National Australia Bank, having been singled out in Commissioner Kenneth Hayne’s final report from the royal commission, has seen a surge in distrust ...

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Fiducian profit up 15%

Fiducian has seen its net underlying net profit after tax grow by 15 per cent over the half year ending 31 December, to $5.7 million from the prior ...

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Industry calls for government consultations on brokers

The industry is calling upon the federal government to initiate consultation with mortgage brokers before any reforms to remuneration are made

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Global ETFs gain $6.7tn in assets

The global ETF industry ended 2018 at $6.7 trillion in assets under management, posting an annual growth rate of 20 per cent since 2005, according the ...

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ASIC to pursue harsher penalties for banks

New amendments have passed the senate that will allow ASIC to be able to pursue harsher civil penalties against banks, their executives and other who ...

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AMP Wealth earnings down 7.2% in 2018

AMP has revealed its earnings in its Australian wealth management business declined by $28 million over the 2018 financial year. In an announcement ...

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3 years until new banking inquiry

Treasurer Josh Frydenberg has told the banks and regulators that they will face an inquiry down the track to ensure they have lifted their game ...

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The case for an interest rate cut

One global asset management firm has made a case for an interest rate cut from the RBA given current market conditions in Australia.  Nikko AM is a ...

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ASIC consults on responsible lending update

ASIC has issued a consultation paper to update its guidance on responsible lending in the wake of the royal commission.  ASIC’s guidance to ...

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