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Showing 41 - 50 of 521 results for "Banking Sector"

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... place for diversity within the superannuation sector. Jones does not want the superannuation sector to mirror the banking sector by consisting of four dominant players. "This is a reversal of the previous government policy for fewer funds that were carried ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
... fail." "We're a long way from replicating in the superannuation industry the sort of concentration we see in the banking sector, a long way. As far as funds being too big to fail goes, I think if we get to that point then we've really failed ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... to use their data to flog products to existing customers. This will have a serious impact on competition in the banking sector at a time when, with rising interest rates and cost of living pressures, people need to be able to find the best possible deal. ...

FNZ acquires private banking tech firm

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
... clients," he said. "New Access customers will benefit from FNZ's significant investment and track record in the private banking sector that will help them to reduce operational complexity, generate significant efficiencies while freeing them up to focus ...

Australian dividends shatter pre-pandemic records: Janus Henderson

ANDREW MCKEAN  |  TUESDAY, 24 MAY 2022
Australian global dividends have completed their pandemic recovery and have eclipsed the previous 12-month record set in September 2019 by $6.7 billion. The latest Janus Henderson global dividend index shows that Australian dividends totalled $97.9 ...

Commonwealth Bank appoints new chair

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 APR 2022
... said. "During the coronavirus pandemic, CBA has demonstrated unequivocally that a strong, stable, well capitalised banking sector is vital to Australia's economic and social wellbeing. "It is a tribute to the efforts of CBA's 48,000 people that they ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
A retail superannuation fund offered to customers of several small players in Australia's banking sector will close in March. Credit Union Building Societies Superannuation, known as CUBS Superannuation, is a retail offering overseen by Equity Trustees ...

APRA finalises new bank capital framework

CHLOE WALKER  |  TUESDAY, 30 NOV 2021
... facilitates payments and helps banks to keep lending to their customers during good times and bad. "Although Australia's banking sector is already strongly capitalised by international standards, the new capital framework will help ensure it stays that ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... banking, insurance and superannuation sector and will improve the governance of these entities, Frydenberg said. The banking sector can expect FAR to commence on 1 July 2022 or six months after the commencement of the legislation. For the insurance and ...

Bank rebound buoys Aussie equities funds

ELIZABETH MCARTHUR  |  MONDAY, 19 JUL 2021
The Australian banking sector has rebounded from being among the worst performers of the 2020 financial year to among the best for 2021. That's according to Mercer's Australian Shares Investment Manager Performance Survey. The survey also demonstrated ...