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30 October 2017 • By • 1 min read

Managed accounts drive stockbroker transition

The rise of managed accounts has handed stockbrokers a lifeline as emerging technology aids the shift from transactional to strategic advice, says ...

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Macquarie announces $1.25bn half-year profit

Macquarie has posted a $1.25 billion net profit for the six months to 30 September 2017, up 19 per cent on the prior corresponding half-year. The ...

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Stripped-back ANZ posts $6.4bn profit

ANZ is halfway through a multi-year “transformation” that is creating a more “agile” business with a renewed focus on its Australian and New Zealand ...

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Netwealth IPO to raise $264m

Platform provider Netwealth has lodged a prospectus with the ASX as part of an effort to raise $264 million via an IPO, with the company expected to ...

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Major banks and insurers eye up annuities

Shifts in demographics and regulation may see life insurers and financial institutions drift towards the annuities market, Morningstar has predicted

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Asia-Pacific dominates IPO activity

Initial public offering deals in Asia-Pacific constituted more than half (65 per cent) of IPO deals across the world this year, according to EY

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Rebuilding trust must go beyond regulation

Banks need to go beyond the minimum regulatory requirements if they want to regain the trust of their customers, according to the UK-based Chartered ...

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Government to strengthen ASIC penalties

Treasury’s ASIC taskforce has proposed substantial increases to penalties issued by ASIC, as recommended by the Financial System Inquiry

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Future Fund ups exposure to global equities

The Future Fund shifted 2 per cent of its portfolio out of cash into developed market global equities in the three months to 30 September

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Global decarbonisation strategy launched

Russell Investments has launched a low-carbon global shares fund that utilises the firm’s proprietary ‘decarbonisation’ investment strategy

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