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13 August 2019 • By Sarah Simpkins • 1 min read

Stockspot slams LICs, claims ‘loophole’ prioritising remuneration

Stockspot has called for commissions on new listed investment companies (LICs) issuances to be outlawed, with concern consumers given its new findings ...

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Bendigo cops redundancy, remediation hits

Bendigo and Adelaide Bank has seen its profit drop by 13.3 per cent year-on-year to $376.8 million for the 12 months leading up to 30 June, with the ...

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Aberdeen launches emerging market fund

Aberdeen Standard Investments (ASI) has opened its new emerging market local currency debt fund for Australian investors. ASI has been investing in ...

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400,000 NAB customers eligible for class action

Almost half a million Australians are expected to receive a notice from the Federal Court advising that they may be eligible for the NAB consumer ...

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AMP completes ambitious capital raise

AMP Limited has announced the completion of its million dollar capital raising program that will help fund its new strategy.  On Thursday 8 August, ...

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AMP announces $660m capital raise

The wealth giant has announced that it will fundamentally transform its business in the wake of a difficult first half of the financial year

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BlackRock lost $132.8bn backing fossil fuels

BlackRock’s investments in fossil fuels has been estimated to have lost investors $132.8 billion (US$90 billion) over the last decade, according to a ...

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Aberdeen Standard launches EM debt fund

Aberdeen Standard Investments is set to launch a new emerging market local currency debt fund to give Australian investors exposure to a meaningful ...

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Pinnacle profit grows by 32%

Investment manager Pinnacle generated a net profit after tax (NPAT) for financial year 2019 of $30.5 million, up by 32 per cent from the prior year, ...

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CBA wealth profit drops, remediation escalates

Commonwealth Bank of Australia has seen its wealth management profit  plunge by 37 per cent in financial year 2019, with the bank casting off its ...

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