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19 December 2018 • By Eliot Hastie • 1 min read

APRA grants neobank restricted ADI licence

APRA has announced that a second neobank has been granted a restricted ADI licence under the authorities new framework.   The Australian Prudential ...

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Super funds at risk of annual loss

Superannuation members could potentially see their first annual loss since 2011, after recording a third consecutive month of negative returns in ...

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Fiducian acquires Geelong financial firm

Fiducian Financial Services has purchased a financial planning business in Geelong, Victoria, bringing in $160 million in funds under advice

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NAB CEO takes time off to recharge

NAB CEO Andrew Thorburn has revealed that he will be taking time off to “reflect and recharge” following a “relentless” 2018. In an internal ...

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Charter Hall Direct invests $66m in Hobart assets

Charter Hall Direct has announced the acquisition of two 100 per cent-leased commercial properties in Hobart by two of its direct funds currently open ...

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Share, property slump ‘likely to delay retirement’

More than 420,000 Australians could delay their retirement plans with the decline in the current share market and house prices impacting household ...

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ANZ could be forced to hold $8bn in additional capital 

The major bank has responded to a proposal by the Reserve Bank of New Zealand for banks to double the amount of capital they hold.  On Friday (14 ...

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AFA appoints Inspire national chair

The Association of Financial Advisers has chosen a new national chair to its body for female advisers, AFA Inspire. Kate McCallum, co-CEO and ...

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Wealth scandals open door for new entrants 

A global data provider believes neobanks and robo-advisers stand a good chance of gaining traction in an industry where incumbents are plagued with ...

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Ophir Asset Management to list $440m fund

The Ophir High Conviction Fund will list on the ASX as a Listed Investment Trust this week under ASX ticker code “OPH”. Ophir Asset Management ...

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