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06 November 2017 • By Tim Stewart • 1 min read

‘Rock star’ managers can damage culture

The popular funds management model of having a ‘star’ portfolio manager creates risks for investors and can potentially damage a company’s culture, ...

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Banks ‘willing to change’: former ANZ CEO

Financial institutions are willing and able to innovate, but fintech disruptors have a natural advantage, says former ANZ chief executive Mike Smith

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FOFA driving advisers away from platforms

The pressure to comply with the FOFA best interests duty is compelling many financial advisers to abandon traditional wealth management platforms, ...

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Government consults on AFCA

The Coalition government has released a consultation paper on the terms of reference, governance and funding arrangements for the new Australian ...

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Westpac enters agreement to sell Hastings

Westpac has entered into a new agreement to sell Hastings Funds Management to Northill Capital after a previous agreement with Charter Hall fell ...

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Monthly fintech revenues triple in a year

The median monthly revenue growth for Australian fintech companies is up 208 per cent over the year to June 2017, according to a new report by EY and ...

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Treasury, regulators keeping watch on tech giants

Federal treasurer Scott Morrison says regulators and governments are closely monitoring potential financial services ventures by “behemoths” like ...

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US Fed policy outlook ‘uncertain’: Investec

US President Donald Trump’s pick for the next Federal Reserve chair, due to be announced today, is likely to have an impact on fixed income markets ...

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BEAR timeframe will be ‘challenging’: APRA

APRA has warned that meeting the government’s 1 July 2018 deadline for the implementation of the Banking Executive Accountability Regime will be ...

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NAB to cut 6,000 jobs as profit rebounds

NAB has announced an increased cash profit of $6.6 billion for the 12 months to 30 September 2017, along with plans to cut 6,000 jobs by 2020. The ...

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