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08 May 2018 • By Annie Kane • 1 min read

First restricted ADI licence granted

APRA has released its first restricted ADI licence to digital bank 'volt bank', which will be led by former Barclays UK head of mortgages Steve Weston

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BT cash earnings up 7% for half-year

BT Financial Group contributed $404 million in cash earnings to Westpac's result for the half-year despite lower advice revenue. BT's contribution ...

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Westpac posts $4.2bn first-half profit

Westpac has announced a statutory net profit of $4.2 billion for the six months to 31 March, up 7 per cent on the prior corresponding period. Cash ...

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Perennial launches its first active ETF

Perennial Investment Management has listed an income-focused active ETF on the ASX. The eInvest Income Generator Fund has been launched on the ASX ...

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ANZ ends sales targets for advisers

ANZ has announced it will remove sales targets from the criteria its salaried advisers must meet to be eligible for a bonus. ANZ chief executive ...

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No collusion with Clayton Utz, says AMP

AMP has “strenuously denied” it broke the law when it characterised a Clayton Utz report delivered to ASIC as ‘independent’, while accepting many of ...

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Directors could be in crosshairs post-RC

Directors of financial services companies could face stiffer penalties if they fail to provide services honestly and ethically in the wake of the ...

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RBA growth forecasts labelled ‘too optimistic’

AMP Capital’s senior economist has criticised the Reserve Bank of Australia for having too rosy a view in its latest growth and inflation forecasts

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Innovation in ESG set to take off: CFSGAM

Rising demand for responsible investment products is likely to create increased innovation in the sector, says Colonial First State Global Asset ...

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InvestSMART to launch active ETF

InvestSMART Group has announced it will release a new active ETF onto the market that will mirror its Australian equity income fund. In a ...

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