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26 July 2019 • By Sarah Simpkins • 1 min read

IOOF FUMA up 19%

IOOF has posted a year-on-year increase of 18.7 per cent in its funds under management, advice and administration (FUMA) to $149.5 billion. The ...

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ANZ sued for unconscionable conduct

ASIC has commenced proceedings in the Federal Court against ANZ over allegations relating to charging of fees for periodical payments. ASIC advised ...

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ASIC to commence civil proceedings against major bank

ASIC has advised one of the big four that it intends to commence civil penalty proceedings against the bank in relation to the charging of fees

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APRA puts Macquarie and HSBC on notice

APRA has put several ADIs on notice for breaching the prudential liquidity standard including Macquarie and HSBC. Following a review of funding ...

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Why Aussie financial firms are becoming uninsurable

Spend a few hours on the Lloyd’s of London trading floor and you’ll see what impact the royal commission and consequent class actions is having on ...

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Boris Johnson to be an ‘impotent Prime Minister’

Overnight the ruling government in the UK confirmed Boris Johnson as the new leader of the Conservative Party and will now take over the role of prime ...

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Qld bank expands interstate

Queensland-based Heritage Bank has defied an industry trend to close physical shopfronts, instead expanding interstate for the first time with two new ...

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BlackRock revenue slips, technology spikes

While BlackRock’s revenue slipped by 2 per cent year-on-year in the quarter ending 30 June, its technology services segment saw a growth spurt, ...

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Investors flocking to active management for returns

A new survey has found that investors seeking higher returns, better diversification and lower volatility are flocking to active management

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AMP revamps ethical funds

AMP Capital has updated its ethical superannuation funds, giving the division a rebrand, a tightened fossil fuels investment screen and launching a ...

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