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Showing 61 - 70 of 482 results for "Australian Bank"

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
A coalition of more than 80 organisations including banks, insurers, superannuation funds and other stakeholders has released an ambitious list of recommendations to transform Australia's financial system to sustainable outcomes. The Australian Sustainable ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... in place, will expected strategies by 2025. Climate group Market Forces said the updated policy means no major Australian bank or insurer, apart from NAB, is willing to back thermal coal beyond 2030. But Market Forces research coordinator Jack Bertolus ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
The financial services industry and business community in Australia has responded in a generally positive manner to the government's 2020-2021 budget, but the super sector is so far cautious in its response. Australian Institute of Superannuation Trustees ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
The government has announced a raft of reforms to reduce barriers to Australia's credit framework as a means to boost the economy. The reforms will remove the responsible lending obligations from the National Consumer Credit Protection Act 2009 aiming ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem. On September 4, employers paying superannuation guarantee ...

RBA observes weakness and uncertainty

ELIZA BAVIN  |  TUESDAY, 15 SEP 2020
The Reserve Bank of Australia (RBA) said there are signs of weakness in domestic economic conditions and a high level of uncertainty, when the board met for its September meeting. In considering the policy decision, the RBA said members observed that ...

High performance funds significantly underperform: Research

ALLY SELBY  |  FRIDAY, 11 SEP 2020
New research from Rainmaker Information has found that high performance Australian equity funds significantly underperformed their benchmark over the three years to June 2020. The median high performance fund underperformed its benchmark by 300 basis ...

Banks to assess loan deferrals

ANNABELLE DICKSON  |  MONDAY, 7 SEP 2020
Australian banks will commence contacting the group of customers who have not resumed paying loans a result of the pandemic, according to the Australian Banking Association (ABA). Around 450,000 loan deferral customers will be assessed in September ...

Banks throw Australians a second lifeline

ALLY SELBY  |  THURSDAY, 9 JUL 2020
Australia's banks will defer repayments on loans for an additional four months, in a bid to avoid a 'fiscal cliff' in September and aid in the country's economic recovery. Those who can restart paying back their loans will be required to do so at the ...

Advice group acquires software business

ALLY SELBY  |  TUESDAY, 2 JUN 2020
The buyer of Chant West's financial planning software business Enzumo has been revealed, with an ASX-listed dealer group set to fork out $1.5 million for the business. Centrepoint Alliance will acquire Enzumo from Chant West, in a move that chief executive ...