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12 July 2023 • By Maja Garaca Djurdjevic • 1 min read

NAB CEO says ‘no plans’ for return to financial advice

The CEO of NAB has said that the bank is staying out of advice. Asked about the Quality of Advice Review’s (QAR) recommendation to allow banks back ...

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State Street names global investment, sustainability and impact lead

Ms Donohue succeeds Rick Lacaille, who announced his retirement earlier this year. State Street has announced the appointment of executive ...

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ASIC flags further enforcement action against greenwashing

The regulator has pledged to continue its targeted surveillance activity and progress its current investigations surrounding the issue of greenwashing

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Lowe announces shake-up at RBA, 8 meetings instead of 11

As of 2024, the RBA board will meet eight times instead of the current 11. In a speech on Wednesday, the governor of the Reserve Bank confirmed ...

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Major bank CEOs to face parliamentary grilling

The chiefs of Australia’s big four banks are set to appear before the House standing committee on economics to discuss a range of key issues, ...

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Global equity market volatility tipped to continue

American Century has shared its global market outlook for the third quarter, which the US-based asset management firm expects will be characterised by ...

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Managed funds suffer record level of outflows

Billions of dollars flowed out of managed funds during the second quarter of the year, according to new data from Calastone. Calastone’s latest ...

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Equip Super appoints new member director to the board

Superannuation fund Equip Super has appointed a new member director to the board. Equip Super has appointed Julian Widdup to the board as a new ...

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Investors see select equity opportunities amid economic tightening

As economic conditions tighten throughout the second half of 2023, the implications of higher interest rates will start to emerge with equity ...

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Why 1 in 6 asset managers may vanish in 5 years

The asset and wealth management industry is currently facing a set of “existential challenges”, according to a report by PwC. A new global survey ...

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