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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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ASIC highlights financial risk of climate change

ASIC has updated its climate change-related disclosure to highlight the systemic risk that climate change poses to entities’ financial prospects

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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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Praemium FUA hits $16bn

The wealth platform provider has posted a 108 per cent increase in total funds under administration to $16.1 billion over the year to 30 ...

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Financial sector should not be taken for granted: APRA

APRA has appeared before the economics committee and assured the government that the financial system was sound and resilient, but it should not be ...

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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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ATO hones Indigenous super support

The Australian Tax Office has identified lack of awareness of multiple super accounts among remote Indigenous communities as a recurring theme across ...

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Saxo Bank buys BinckBank, quadruples clients

Saxo Bank has completed its acquisition of Dutch-based BinckBank, with the investment bank set to now service around four times the number of clients ...

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Rest restructures, dissolves investment affiliate

Rest has decided to consolidate its investment subsidiary Super Investment Management (SIM) with its internal investment team and create a new chief ...

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