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14 August 2014 • By • 1 min read

Wholesale investor test to boost managed accounts

The Institute of Managed Account Providers says ASIC’s recent clarification of the ‘wholesale investor test’ and its application to SMSF trustees will ...

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CBA posts $793m profit for wealth arm

Net profit for the Commonwealth Bank’s wealth management and insurance arm rose 17 per cent in the 12 months to 30 June 2014 to $793 million following ...

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CareSuper reports spike in SMSF closures

The number of trustees closing their SMSFs is increasing as many people are put off by compliance requirements and the ongoing costs of running them, ...

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Suncorp group delivers $730m profit

The Suncorp Group has generated a full year profit after tax of $730 million for the financial year ending 30 June 2014, issuing a commitment to ...

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Northern Trust announces leadership changes

Peter Jordan has been appointed by Northern Trust as head of global fund services for the Asia-Pacific region, replacing Camie West, who is now head ...

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Westpac NZ CEO resigns

Westpac chief executive of New Zealand Peter Clare has resigned from the group following a major medical procedure. Acting Westpac chief executive ...

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Bravura appoints chief information officer

Bravura Solutions (Bravura) has promoted Terry McCann to the role of chief information officer with a global remit. Promoted from his role as head ...

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Bank of Queensland CEO steps down

BOQ has announced that managing director and chief executive Stuart Grimshaw has resigned in order to pursue a “non-banking opportunity” overseas

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Super allocations leave ‘investors at risk’

Australian super funds are falling behind global best practice on asset allocation strategy, leaving many pre-retirees at risk, argues a newly ...

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Westpac retains hold on platform market

One quarter of financial planners use an investment platform ultimately owned by Westpac, a new report has found, making it the largest platform ...

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