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28 October 2016 • By • 1 min read

Macquarie half-year profit slips

Macquarie Group has announced a $1.05 billion profit after tax for the six months to 30 September 2016, down 2 per cent on the prior corresponding ...

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Banks blame 'legacy systems' for advice failures

The major banks have issued a 'mea culpa' after an ASIC report revealed their respective wealth management arms failed to provide annual reviews to ...

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Global insurers embracing risk, says report

The majority of global insurance companies are planning to either maintain or increase their exposure to investment risk over the next 12 months, ...

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US equity income still attractive: SSGA

The possibility of a US rate hike in December shouldn’t deter investors from investing in high-dividend paying US equities, according to State Street ...

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New 'retirement income' role needed

Superannuation funds should create a new 'chief retirement income officer' role that focuses on the return of money to investors in retirement, argues ...

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ASIC releases report on advice 'failures'

The corporate regulator has released a report on "financial institutions' and advisers' systemic failures" to provide ongoing advice services to ...

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Challenger annuities added to AMP platforms

AMP has added Challenger's suite of annuities to its investment and administration platforms. In a statement on the ASX this morning, Challenger ...

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NAB reports $6.48bn profit, holds dividend steady

The National Australia Bank has announced cash earnings of $6.48 billion for the full year ending September 2016, as well as an unchanged ...

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Inflation numbers surprise on the upside

The September quarter inflation figures were higher than expected, which could put paid to the prospect of a Melbourne Cup day rate cut, says AMP ...

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CBA subsidiary makes hybrid security offer

The Commonwealth Bank has announced a Tier 2 capital raise for its New-Zealand based subsidiary, ASB Bank, through the release of ASB Subordinated ...

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