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09 July 2020 • By Sarah Kendell • 1 min read

Praemium makes bid for Powerwrap

A listed managed accounts group has made an off-market takeover bid of over $55 million for an adviser platform provider. In a statement released ...

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NAB defends coal lending 

NAB has told a government committee its funding provided to ASX-listed mining groups has not conflicted with its policy to stop financing new thermal ...

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Members rate intrafund advice essential

The majority of consumers believe it is now more important for their super funds to provide financial advice after the market declines, according to a ...

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ASIC puts COVID disclosures under microscope

ASIC has issued a stern warning to companies that they must “tell the story” of how their business has been impacted by COVID-19 or face the ...

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BNY Mellon investment chief to step down

The BNY Mellon Investment Management boss has indicated he will be retiring from October, with the division electing its first female chief to take ...

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Investment industry needs cultural reset: Willis Towers Watson

The investment industry has lagged in reforming company culture at the expense of gaining competitive advantage, a new report has said, stating asset ...

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Early super to soar past Treasury estimates

Early super withdrawals have seen a massive spike and will surpass Treasury’s initial estimate in what industry funds have said is “a tragedy waiting ...

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APRA extends crisis loan deferrals for banks

The prudential regulator has paved the way for banks to give customers an extra four months’ repayment holiday on their loans, extending its temporary ...

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MP presses super funds on liquidity bailouts

The chair of a parliamentary committee has been asking superannuation funds if they have shelled out any cash to REST, Hostplus or any of their other ...

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Markets in the eye of the storm as second wave rises

Investors have likely not seen the worst of the COVID market sell-off, with the second wave impacts of the virus tipped to drive worse declines if ...

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