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05 November 2020 • By Lachlan Maddock • 1 min read

Big four are ‘bracing for impact’: EY

The big four are facing significant pressure on earnings in the years ahead as record-low interest rates and loan deferrals bite into their bottom ...

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MLC generates $1.1bn loss

MLC Wealth produced a $1.1 billion net loss for parent company NAB during the full year, with the big four bank preparing to cast off the business in ...

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SG Hiscock expands distribution team

Melbourne-based asset manager SG Hiscock & Company has filled a newly created role of key account manager. Rebecca Collins has taken the role, ...

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NAB sees 37% cash earnings hit

The big four bank recorded $3.7 billion in cash earnings for the full year, a drop of 36.6 per cent year on year as it trekked through COVID-related ...

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Pendal looks to ESG for growth

Despite COVID dragging its profit and funds under management (FUM), Pendal Group is targeting a 50 per cent surge in FUM over the next five years, ...

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RBA teams with industry for digital currency research

The Reserve Bank has partnered with Perpetual, CBA and NAB, as well as blockchain technology provider ConsenSys Software to explore implementing a ...

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Economics committee ramps up super scrutiny

The standing committee on economics is set to heighten its scrutiny of the superannuation sector amid accusations of misuse of member funds and ...

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AFCA chases super complaints

The complaints authority has asked ASIC to allow the transition of any unresolved complaints from the soon-to-be-ended Superannuation Complaints ...

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Lowe defends unconventional policy leap

RBA governor Philip Lowe has defend the bank’s bold leap into unconventional territory, saying it was always going to be necessary despite previously ...

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Super funds ignore venture capital at their own peril

The industry-wide drive towards passive investing is increasing short-term member benefit but harming super funds and the future of Australia’s ...

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