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Showing 21 - 30 of 398 results for "Big 4 banks"

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Class Actions Australia said the regulations could prevent compensation payouts to Australians that were cheated by big banks.

FSC defends retail super funds

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... government's announcement of the Your Future, Your Super reforms package. ISA had said the reforms package will benefit the big banks and for-profit super sector allowing them to take up to $10 billion a year in profit despite poor performance. The FSC ...

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... structures to the advantage of growing their market share in terms of advertising reach. Under this Bill, the capacity for big banks and institutions to own wealth management companies and to effectively corner the market is legitimised," Connelly said. ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... the group alleges this funding is needed due to the supervision and remediation of historic advice deficiencies at the big banks. The advice bodies are calling for the government to review the industry funding model, reduce the levy, fund ASIC from consolidated ...

BOQ acquires ME Bank

ELIZABETH MCARTHUR  |  MONDAY, 22 FEB 2021
... "Today's announcement is another major step in our strategy to be the leading customer-centric alternative to the big banks. With the addition of the ME Bank business, BOQ now has material scale and a compelling growth platform to support this ambition," ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... been grilling the nation's superannuation funds as part of the economics committee's ongoing review into the big banks and other financial institutions in his role of chair. Wilson believes the scrutiny is an important part of ensuring Australia's ...

Almost 3000 advisers gone in 2020

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... also among the licensees to shed the most advisers, losing 123 and 51, respectively. Demonstrating the exodus of the big banks from wealth management in the wake of the Royal Commission, National Australia Bank lost 245 advisers; ANZ Group lost 162 and ...

ISA ramps up campaign against super reforms

ELIZA BAVIN  |  MONDAY, 14 DEC 2020
... Your Super reforms package saying it will only serve to help dud funds. ISA said the reforms package will benefit the big banks and for-profit super sector allowing them to take up to $10 billion a year in profit despite poor performance. "The Your Future ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... the results for ANZ shareholders. "Overall the result is reflective of an extraordinarily challenging period for the big banks, however ANZ should be praised for maintaining a strong capital position which has enabled it to return shareholders around ...

Worst investment ideas revealed: ARK

ELIZABETH MCARTHUR  |  THURSDAY, 22 OCT 2020
... much in physical locations could be set to lose out. Digital-only banks are poised to take market share away from the big banks globally, especially because the cost of acquiring a customer is so much lower for a digital-only bank. ARK estimates some ...