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18 January 2021 • By Sarah Simpkins • 1 min read

Citi revenue flatlines 

Citigroup saw its revenues stay steady through the 2020 year, while its net income plummeted by 41 per cent.  The multinational wealth and banking ...

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MTAA, Tasplan reveal merged rebrand

MTAA Super and Tasplan have declared their merged fund will adopt a new name, after their amalgamation wraps up in April.  The combined industry ...

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War of words rages over opt-in super

Both sides of politics have stepped up their attacks in the wake of rumours that the Morrison government is considering opt-in super. The ...

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AIA to finalise CommInsure acquisition

Life insurer AIA Australia is set to transfer members across from the Commonwealth Bank’s life insurance and investments business, CommInsure Life

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ASIC dragging feet on royal commission case studies

Just one financial penalty has so far arisen out of the cases referred to ASIC following the royal commission, despite the regulator suggesting it has ...

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ACSI warns of ‘significant damage’ over harassment

The Australian financial services have been warned to clean up their act in the wake of a number of bombshell sexual harassment claims.  Following ...

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Investors ‘seem oblivious’ to pandemic risk: Douglass

Magellan chairman and CIO Hamish Douglass has said he’s not afraid of missing out on a “short-term market rally” and that mutant virus strains pose ...

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Super funds ‘think everyone is stupid’: Bragg

Senator Andrew Bragg has called the superannuation system “a failure” and said that the Morrison government’s opt-in super plan was now being ...

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BlackRock assets swell to $11.1tn

BlackRock has reported a 17 per cent growth in its assets under management for the past year, now reaching US$8.7 trillion ($11.1 trillion). The ...

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Pendal records $5bn FUM lift

Pendal Group has closed the December quarter with a $5 billion increase to its funds under management, a rise of 5.4 per cent.  The firm reported a ...

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