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08 August 2018 • By Tim Stewart • 1 min read

Advice provisioning drags AMP profit down

AMP has taken a 75 per cent hit to its net profit for the first half of calendar 2018 after it revealed it was putting aside $290 million for advice ...

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Federal Court sides with ASIC against Linchpin

The Federal Court has accepted ASIC’s application that receivers be appointed to the property of Linchpin Capital and its unlicensed fund, Endeavour

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IOOF settles Provident class action for $44.25m

Australian Executor Trustees, the wholly owned subsidiary of IOOF, has agreed to pay plaintiffs in the Provident class action $44.25 million. The ...

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Forget about the FAANGs, says Lonsec

Although the FAANG stocks have some things in common, they should not be painted with the same broad brush, according to Lonsec Research

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CBA net profit down 4.8% to $9.23bn

The Commonwealth Bank has posted a net profit of $9.233 billion for the 2017–18 financial year, down marginally on the previous year due to a $700 ...

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RBA keeps rates at 1.5% in August

The Reserve Bank of Australia has maintained the official cash rate at 1.5 per cent at its monetary policy meeting today. The RBA has announced the ...

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Invest in China from the ground up: Cerulli

With China making moves to allow for more and more foreign ownership of financial services firms, global fund managers may want to acquire smaller ...

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UCA Funds Management becomes a ‘B Corp’

Ethical fund manager UCA Funds Management has been recognised by an independent global body as an ethical and sustainable business. In a statement, ...

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Seer Asset Management seeks $4m capital raising

Boutique fund manager Seer Asset Management is seeking to raise $4 million in capital in order to grow its multithematic and ethical funds

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Consider corporate culture, says WCM

US-based WCM Investment Management has flagged the importance of assessing a company's corporate culture when building an investment portfolio

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