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14 August 2014 • By • 1 min read

CBA posts $793m profit for wealth arm

Net profit for the Commonwealth Bank’s wealth management and insurance arm rose 17 per cent in the 12 months to 30 June 2014 to $793 million following ...

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CareSuper reports spike in SMSF closures

The number of trustees closing their SMSFs is increasing as many people are put off by compliance requirements and the ongoing costs of running them, ...

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Suncorp group delivers $730m profit

The Suncorp Group has generated a full year profit after tax of $730 million for the financial year ending 30 June 2014, issuing a commitment to ...

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Bank of Queensland CEO steps down

BOQ has announced that managing director and chief executive Stuart Grimshaw has resigned in order to pursue a “non-banking opportunity” overseas

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Super allocations leave ‘investors at risk’

Australian super funds are falling behind global best practice on asset allocation strategy, leaving many pre-retirees at risk, argues a newly ...

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Westpac retains hold on platform market

One quarter of financial planners use an investment platform ultimately owned by Westpac, a new report has found, making it the largest platform ...

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Major banks face class action over fees

Maurice Blackburn Lawyers yesterday filed a class action against Westpac, Citibank, St George, Bank of South Australia and ANZ in relation to ...

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ASIC takes action against SMSF providers

Two self-managed superannuation fund administrators have been castigated by the corporate regulator for making misleading representations to the ...

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BlackRock releases board gender diversity report

Three of the most widely used ‘proxy advisors’ in Australia are considering a change in their recommendations to address the lack of gender diversity ...

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Bendigo plagued by high funding costs

Higher funding costs and intense competition across the baking industry will see Bendigo and Adelaide Bank struggle to establish and maintain excess ...

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