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| | | IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation. IOOF announced its Bridges business will be transformed into a fully salaried network, while it ... |
| | | | The CFA Institute is seeking feedback from the professional investor community on a consultation paper for a proposed disclosure standard for environmental, social and governance (ESG) investments products. The new standard aims to focus on the disclosure ... |
| | | | HUB24 revealed it signed 105 new licensee agreements during the last financial year, as it reports an underlying NPAT of $10.1 million, up 49% on FY19. It also reported that its revenue had lifted 37% compared to the previous financial year, to hit ... |
| | | | Voting has opened for the 2020 FS Power50, recognising the most influential financial advisers in Australia. This year, Financial Standard received more than 170 nominations for the FS Power50 and the voting process has now launched. "The FS Power 50 ... |
| | | | Suncorp has reported an 8% drop in funds under administration for its wealth business, as it posted a 6.8% fall in ongoing operations for FY20 as a result of COVID-19. Suncorp has been battered by extreme weather events, high reinsurance costs and low ... |
| | | | Investment giant Perpetual has seen its net profit after tax fall 29% year on year, blaming an increase in outflows from its investments business as well as the challenging conditions of the COVID-19 pandemic for the decline. Revenue for the full year ... |
| | | | ANZ has announced an unaudited statutory profit for the third quarter of $1.32 billion and an interim dividend of 25 cents per share, fully franked. The bank reported an unaudited cash profit from continuing operations of $1.5 billion, with chief executive ... |
| | | | The Commonwealth Bank is in the final stages of enterprise bargaining, with the Financial Services Union using the bank's full year results as evidence rises are needed. Despite taking an 11.3% profit hit due to the impacts of COVID-19, CBA managed ... |
| | | | Martin Switzer's Contango Income Generator (CIE) fund has been forced to change its investment strategy due to underperformance as a result of lower dividend yields, saying its strategy is no longer appropriate. The manager of the fund, Contango Funds ... |
| | | | Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue. The acquisition compromises an upfront cash payment of $2.73 million upon completion, plus ... |
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