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08 May 2018 • By Tim Stewart • 1 min read

Minor changes to super in 2018 budget

The 2018 federal budget contains a series of measures aimed at 'protecting' superannuation including the removal of default insurance for under-25s ...

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'Transformation' dragging down bank profits

The aggregate cash profit of the major banks fell by 2 per cent during the 2018 half year, reflecting the societal, regulatory and technological ...

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BT cash earnings up 7% for half-year

BT Financial Group contributed $404 million in cash earnings to Westpac's result for the half-year despite lower advice revenue. BT's contribution ...

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Westpac posts $4.2bn first-half profit

Westpac has announced a statutory net profit of $4.2 billion for the six months to 31 March, up 7 per cent on the prior corresponding period. Cash ...

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Perennial launches its first active ETF

Perennial Investment Management has listed an income-focused active ETF on the ASX. The eInvest Income Generator Fund has been launched on the ASX ...

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ANZ ends sales targets for advisers

ANZ has announced it will remove sales targets from the criteria its salaried advisers must meet to be eligible for a bonus. ANZ chief executive ...

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No collusion with Clayton Utz, says AMP

AMP has “strenuously denied” it broke the law when it characterised a Clayton Utz report delivered to ASIC as ‘independent’, while accepting many of ...

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RBA growth forecasts labelled ‘too optimistic’

AMP Capital’s senior economist has criticised the Reserve Bank of Australia for having too rosy a view in its latest growth and inflation forecasts

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Innovation in ESG set to take off: CFSGAM

Rising demand for responsible investment products is likely to create increased innovation in the sector, says Colonial First State Global Asset ...

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InvestSMART to launch active ETF

InvestSMART Group has announced it will release a new active ETF onto the market that will mirror its Australian equity income fund. In a ...

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