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22 August 2019 • By Sarah Simpkins • 1 min read

WAM profit plummets 88.4%

Wilson Asset Management Capital has reported an operating profit after tax of $14.5 million in the 2019 financial year, plunging by 88.4 per cent from ...

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Link and Rest reach new agreement

Link Group and Rest have reached a new agreement that will see Link continue to provide retirement and super solutions to Rest.  Over the past 26 ...

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Superfunded director cops eight-year ban

ASIC has outlawed the sole director of Superfunded, Max Goldenberg, from providing financial services or engaging in credit activities for eight ...

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NAB branch manager pleads guilty to fraud

A former NAB branch manager has pleaded guilty to one count of intention to defraud by false or misleading statement.  Mathew Alwan was found by an ...

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Sequoia sees $1m loss in ‘challenging’ year

Sequoia Financial Group generated a $1 million loss for financial year 2019, a drastic drop from the prior year’s profit of $2.3 million. The ...

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Mainstream posts $1.1m loss, dissolves super segment

Mainstream Holdings Group has told shareholders it will be consolidating its underperforming superannuation services division into its funds ...

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Royal commission fallout to define governance through to 2025

The continued fallout of the Hayne royal commission will define the governance professional’s role through to 2025 according to new research

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Trade dispute negatively impacting economy: RBA

The Reserve Bank has revealed that the escalation of the trade and technology dispute had increased the downside risk to the global growth outlook, ...

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Superannuation experts urge for retirement reform

Superannuation experts have urged the government to give a broader scope to its retirement system review as the current system has too many ...

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New APRA foreign subsidiary rules could knock ANZ

APRA has tightened its prudential standard around contagion risk, targeting overseas subsidiaries operated by domestic banks, with ANZ’s New Zealand ...

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