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19 June 2019 • By Sarah Simpkins • 1 min read

Specialist active managers outperform mixed offerings

Specialist active management firms have been found to outperform those that have a greater mix of active and passive products, according to a new ...

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Shaw and Partners buys DJ Carmichael

National wealth management house Shaw and Partners has said that it is looking to expand its presence in WA, having acquired one of Australia’s oldest ...

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Further rate cuts ‘more likely than not’: RBA

The Reserve Bank has released the minutes from its June monetary policy meeting and has revealed that another cut may occur this year.  The June ...

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ANZ NZ CEO resigns over expense scrutiny

ANZ New Zealand’s chief executive has stepped down from his role, with the board citing concerns over ongoing health issues and the nature of his ...

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Challenger profits hit by low rates and troubled banks

Profits at the Australian annuities giant have fallen victim to low interest rates and poor sales at embattled major bank-owned wealth businesses in ...

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Derived data to be included in open banking: Treasury

The government has released its response to the first stage of consultation about the open banking designation instrument and has confirmed how it ...

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Personalisation to drive future wealth management

The majority of wealth managers believe delivering more customised services to clients is essential to stay competitive, but a third are unable to ...

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MyState sells wealth business for $3.5m

MyState Limited announced today that it has entered into a sale agreement with Fiducian Group Limited for the acquisition of MyState’s retail ...

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Achieving full employment is ‘crucial’: RBA

Reserve Bank of Australia assistant governor Luci Ellis is confident Australia can sustain a far lower rate of unemployment than it has in previous ...

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APRA imposes conditions on AMP Super

The prudential regulator has issued directions and additional licence conditions on AMP Super to address a range of concerns regarding its compliance ...

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