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10 August 2022 • By Jon Bragg • 1 min read

Signs of ‘significant compliance issues’ in super fund dispute resolution

ASIC has conducted surveillance on the complaints handling of funds. Indicators of significant compliance issues have been identified during ASIC’s ...

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CBA reports increase in full-year profit

Australia’s biggest bank has announced its results for the 2022 financial year. The Commonwealth Bank (CBA) has posted a full-year cash net profit ...

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Government launches review of ASIC funding model

The current industry funding model has been in place for five years. The federal government has announced it has commenced a review of the ASIC ...

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More frequent reviews required for SMSFs with volatile assets

SMSFs with highly volatile assets such as cryptocurrency may need to review their investment strategies more than once a year where there are ...

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BlackRock outlines preference for credit over equities

The world's largest asset manager believes investment-grade credit will better weather a potential growth slowdown. During what it describes as a ...

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RBA to explore use cases of digital currency

The central bank will also investigate the economic benefits of a digital currency as part of its new research project. The Reserve Bank (RBA) has ...

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Opportunities arise from increase in distressed businesses

Rising inflation, interest rates and other challenges have driven an increase in the number of distressed businesses, according to HLB Mann Judd ...

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NAB posts $1.8bn cash profit for third quarter

The bank has released its latest quarterly trading update. On Tuesday, NAB reported a $1.8 billion cash profit for the third quarter, an increase ...

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Asset manager tackles greenwashing with AI

An investment manager is utilising artificial intelligence to screen the environmental and ethical claims of companies. Acadian Asset Management ...

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Suncorp profits drop in ‘challenging’ year

Volatile markets and natural hazard costs weighed on the firm’s annual results. Suncorp Group has reported a 34.1 per cent decline in net profit ...

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