It’s been another busy year for Australian investors with market volatility, political upheaval, a new PM and plenty of news from the royal commission.
We’ve ranked our top five most read news stories for 2018. Take a look at the headlines that generated the biggest response from the Australian financial services community over the last 12 months.
Published: 7 December
APRA’s action against IOOF and its top executives was big news at the end of a long year of headlines that have chronicled concerns over conflicts of interest within the troubled wealth giant. The regulator decided to commence disqualification proceedings against IOOF entities, directors and executives for failing to act in the best interest of super members.
Published: 25 October
Mergers and acquisitions are always big news on InvestorDaily. Particularly when a group as large as AMP announces the divestment of its life insurance business.
Published: 14 June
Linchpin Capital, the parent company of two dealer groups that authorise 300 advisers, was headline fodder for InvestorDaily and its sister publication ifa throughout 2018. This story, which gained significant interest, announced that Linchpin would commence an initial public offering after merging with fund manager AD Capital.
Published: 24 September
ASIC has had its own issues this year, which were covered extensively by InvestorDaily thanks to the Hayne royal commission. But any action the corporate watchdog takes against companies and their leaders is destined to attract significant readers. This one certainly did.
Published: 12 October
The major banks have had a brutal year. When ANZ CEO Shayne Elliott appeared before a parliamentary inquiry in Canberra in October he admitted that a number of senior executives were included in up to 200 staff whose employment has been terminated as a direct result of misconduct. This story was sent out as a news flash and has been read over 9,000 times since it was published on 12 October.