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| | | The big accounting firms have released their analysis of the big banks' half year results, noting a continued decline in cash profits for the first half of 2019. The major Australian banks reported a combined cash profit after tax from continuing operations ... |
| | | | ... opens up significant opportunities for the private sector and for investors." He argued that Australia is "not seeing how big the social infrastructure sector can be." Currently, social infrastructure is considered an alternative, but de Vos is of the ... |
| | | | The Royal Commission may have pushed some businesses to prioritise environmental and ethical social governance (ESG), according to Perennial portfolio manager Damian Cottier. Perennial surveyed a series of listed companies, asking about their ESG priorities ... |
| | | | ... administration services to life insurers, stock brokers, wealth management businesses and institutions. Its clients include the big four banks, Baillieu Holst, Bell Porter and Morgans. On April 12, Bravura bid $2.50 to acquire all of GBST's shares ... |
| | | | A funny thing happened along the way to the Reserve Bank of Australia's (RBA) scheduled monetary policy meeting on May 7 and ahead of the May 18 Federal Election. While the slowing momentum in Australia's economic and survey indicators, and ... |
| | | | ... consolidation sweeps the industry. Fairley said the two funds expected significant savings for their members from the move. "Our big four adviser have advised us the savings will be $7 million to $10 million annually and because we are both profit-to-member ... |
| | | | ... approach to dealing with its potential advice remediation bill of $1.15 billion, noting in particular that Australia's big banks had taken too long to conduct further reviews into the fees-for-no-service issues. |
| | | | Despite a positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ... |
| | | | ... 30 years' experience in the digital, technology, banking and insurance industries. He was previously chief executive of One Big Switch, FiftyUp Club and Personal Insurance and chief information officer at Insurance Australia Group. Before that, held ... |
| | | | ... Bank, ANZ, NAB, Westpac, IOOF and AMP recorded a reduction in numbers of 2% over the last year. NAB and IOOF are the only two big firms to increase their adviser footprints. Three years ago, only 30% of advisers were non-institutional licensees. Over ... |
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