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07 November 2018 • By Eliot Hastie • 1 min read

AFCA members running out of time to notify ASIC

Licensees that have joined the new one-stop shop for financial service disputes have until the end of the month to notify ASIC of their details

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RBA reveals November cash rate

The central bank has announced its cash rate decision for the month of November following its monthly board meeting. The Reserve Bank of Australia ...

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Major bank announces acquisition

One of the big four banks has announced a joint acquisition of a major property exchange. The Commonwealth Bank of Australia has announced that its ...

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Hayne woes wipe $2bn off big bank profits

A challenging regulatory environment, slower revenue growth and increasing costs associated with the royal commission have seen the total cash profit ...

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‘Farcical’: Fund manager slams AMP deal

A boutique fund manager has hit out at AMP, claiming the wealth group misrepresented its latest deal with Resolution Life. In a 1 November letter ...

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Investec launches emerging companies fund

The global investment bank has launched a new fund to give investors dedicated access to the burgeoning emerging companies sector. Investec ...

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AFA applies to become Code Monitoring Body

The Association of Financial Advisers has submitted an expression of interest to ASIC to become a code monitoring body for the industry

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Chairman of APRA reappointed

Treasurer Josh Frydenberg has announced that Wayne Byres will remain on as chair of APRA. Mr Byres, who has been the chairman of APRA since July ...

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AFSL holder slapped with $9m fine

A Melbourne-based financial services business has been ordered by the court to pay close to $9 million in penalties and has been permanently banned ...

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MLC sale ‘complicated and messy’

NAB says all options are still on the table for the sale of its wealth business after rival CBA secured a buyer for Colonial First State Global Asset ...

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