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01 October 2020 • By Sarah Simpkins • 1 min read

Moody’s downgrades AMP over wealth, governance struggles

Moody’s Investors Service has downgraded its ratings for AMP Group and its banking arm, citing dampened operating results, reputational damage from ...

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Cbus names investments COO

Cbus Super has appointed its head of investment operations as its new chief operating officer, investments for the $54 billion fund. Nancy Day has ...

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Challenger CFO steps down

Challenger has announced that its chief financial officer will leave the business in 2021. Andrew Tobin has provided six months’ notice of his ...

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Bendigo and Adelaide Bank blasted for ‘systemic breaches’ on Great Southern

The Banking Code Compliance Committee has named and shamed Bendigo and Adelaide Bank for “systemic breaches” around its dealings with customers ...

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Morrison spruiks budget, slams union ‘extortion’

As the government prepares to unveil its COVID budget, Scott Morrison has taken the opportunity to outline its contents and slammed “extortion” by ...

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AMP rolls out redundancies

AMP has launched a restructure that will see a slew of redundancies across its businesses even as it presses ahead with a portfolio review that could ...

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Slashed dividends demand equities rethink: First Sentier

The cuts to dividends in the reporting season as 70 per cent of ASX-listed companies shrunk or axed their payouts have shown that generating income ...

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Australia ranked 7th for retirement outcomes

Natixis Investment Managers has placed Australia seventh in the world for retiree wellbeing in 2020, with the superannuation system boosting the ...

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ASIC bans fixed income broker

ASIC has banned a former fixed income broker from providing financial services for ten years.  Former BGC Securities (Australia) broker David Moore ...

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Class action lawyers circling Westpac’s $1.3bn fine

Westpac’s settlement with AUSTRAC and its $1.3 billion penalty will play into the process for a shareholder class action against the bank, a lawyer ...

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