CBA enters APRA EUBY JAMIE WILLIAMSON | TUESDAY, 1 MAY 2018 9:07AMAPRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Related News |
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Advisers should rethink portfolio construction: La Trobe
La Trobe Financial has urged advisers to broaden portfolio construction beyond traditional equity and bond allocations, arguing that slowing productivity, persistent inflation risks and changing market dynamics require greater focus on real assets and private credit.
Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings
With ASIC withdrawing legal proceedings against Sequoia Financial Group after it entered an undertaking not to put the Cross Deed of Guarantee at risk tied to the sale of InterPrac Financial Planning, the group remains coy about the deal with Conquest Investment Management going ahead.
Pinnacle profits up amid heightened expenses
Despite heightened expenses of $95.3 million in FY26, reflected by losses from its principal investments, Pinnacle Investment Management (ASX: PNI) saw its net profit after tax (NPAT) surge to over $30 million, with affiliates' funds under management (FUM) also gaining $50 billion, in the 12 months ...
ASIC consults to improve flexibility around pre-IPO comms
ASIC has released a proposal to provide companies greater flexibility when listing on the public market to publicise their upcoming initial public offering (IPO).
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When geopolitics becomes a portfolio risk
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Rethinking default design in a changing market environment
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Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What about the banks known overcharging of interest on every mortgage, personal loan, overdraft and credit card since the 1990's which was identified, acknowledged on 4 CORNERS, acknowledged by the Aust. govt. and absolutely nothing done about it. It is still going today and is done by all the banks, then and now.
Every month is charged as a 31 day month. They owe the public 100's of millions if not billions. Not even mentioned at the RC once.