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03 September 2019 • By Sarah Simpkins • 1 min read

RBA holds cash rate

The Reserve Bank of Australia has held the official cash rate at 1.0 per cent. The current cash rate is a historic low, after it was implemented in ...

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Frazis takes on BOQ as margin pressure intensifies

George Frazis will take over as Bank of Queensland’s chief executive this week as analysts turn even more bearish on the bank’s ability to cope with a ...

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UBS cuts fund fees to 29 bps

The investment bank has reduced the management and indirect costs across its entire UBS Tactical Beta Funds range. Effective immediately, investors ...

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ClearView profit down 22%

ClearView Wealth reported a 22 per cent dive in underlying net profit after tax for financial year 2019, but despite a challenging market environment, ...

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InvestSMART posts $1.7m loss

Sydney fund manager InvestSMART generated a reported loss of $1.7 million for financial year 2019, an 869 per cent plunge from its profit of $230,284 ...

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RBA warns debt levels could complicate monetary policy

The Reserve Bank of Australia has pointed to Australia’s high debt levels as a factor in its decision making for the cash rate, fearing that it will ...

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Xplore loss recovers 78.4%

The wealth platform provider produced a loss for the full year of $540,340, shrinking by 78.4 per cent from its prior damage of $2.5 million in ...

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VanEck restructures 3 ETFs

VanEck has announced it has simplified three exchange-traded funds for Australian investors and converting them to locally domiciled funds

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Union slams industry pay gap

The Finance Sector Union (FSU) has urged the financial services sector to address its gender pay gap, in conjunction with Equal Pay Day earlier this ...

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Link Group records 123% rise in profit

Data administrator Link Group has announced a statutory net profit after tax of $320 million for financial year 2019, up 123 per cent from the prior ...

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