ANZ sees profits plummet, plans to exit thermal coalBY ANNABELLE DICKSON | THURSDAY, 29 OCT 2020 12:00PMANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. Related News |
Editor's Choice
Mercer Super chief executive steps down
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.
AusFood Super looks to revitalise member engagement
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.
L1 Group posts 'marked recovery' in June quarter
L1 Group has reported a marked recovery in investment performance in the June quarter.
European PE firm mandates Apostle with Australian distribution
Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
