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12 July 2021 • By Sarah Simpkins • 1 min read

APRA tells banks to prepare for negative rates

APRA has hit the banks with draft expectations, which could require them to prepare for a cash rate beneath its current record low. APRA has issued ...

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Vanguard moves on low-cost rivals with fee cut

The global investing giant has slashed fees on its recently established direct investment platform as competition in the low-cost trading space heats ...

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Sydney lockdown could strip billions off recovery

As an extended Sydney lockdown starts to look increasingly likely, a global bank has predicted that the NSW capital having to adopt harsh ...

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ETF FUM surges above $115bn

Funds under management in the Australian ETF sector topped $115 billion at the end of the 2021 financial year as the share market staged a strong ...

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AustralianSuper brushes off privacy concerns

Australia’s largest super fund continues to insist its subscription tie-up with The New Daily was in members’ best interests, despite the deal being ...

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Banking industry body offers support amid Sydney lockdown

The Australian Bank Association (ABA) has announced a new support package on the back of the COVID-19 pandemic and extended Sydney lockdown

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Cost of fraud high in Australian financial services sector

A new study analysing a number of sectors, including financial services, has found that the cost of fraud in Australia is high. LexisNexis Risk ...

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ASIC provides relief for litigation funders

The corporate regulator has released guidance around how funders of class actions will fit into the financial services licensing regime that it hopes ...

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‘Really difficult’: Super fund concedes struggles with gender diversity

Aware Super has conceded it has “struggled” to achieve gender diversity in its investment team. Appearing at a House economics committee on ...

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New outbreaks ‘a source of uncertainty’: Lowe

The governor of the RBA says Australia’s economic recovery from the initial shock of the COVID crisis has been “remarkable” so far, but that it is ...

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