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| | | ... showing year to date industry net flows to October were $23.7 billion, passing the previous annual record of $23.2 billion set in 2021. Betashares said this trend is very similar to the experience overseas, with 2024 set to be a record-breaking year ... |
| | | | The Australian Financial Complaints Authority (AFCA) revealed some of the most common systemic issues it saw in the second half of FY24, including continued non-compliance with the Protecting Your Super regime. According to the Systemic Issues Insights ... |
| | | | The Reserve Bank of Australia (RBA) is seeking industry feedback on a central bank digital currency (CBDC) research initiative, Project Acacia. The project will explore how different forms of digital money and associated infrastructure could support ... |
| | | | National Australia Bank (NAB) reported lower net profit and cash earnings in FY24, down 6.1% and 8.1% respectively, but recorded its highest dividend payouts of the past five years. Shareholders received a final dividend of $0.85, which takes the full ... |
| | | | Former and now incoming US President Donald Trump secured his victory in the US federal election, and with concerns over his proposed tariffs, Australian investors may feel the brunt of his policies. The main concern for Australian investors now is ... |
| | | | ... changing the way most offset accounts are treated for members in its defined benefit (DB) divisions. The corporate fund, which is set to merge with Australian Retirement Trust (ART) in the first half of 2025, will have current and new offset accounts ... |
| | | | ... transparency calculations which had been used to determine whether an instrument was liquid. We will now rely instead on a set of reliable proxies to determine whether an instrument should be categorised as liquid." Overall, the FCA said the reforms ... |
| | | | Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit ... |
| | | | ... cents for the half and a $1 billion increase to the existing share buyback programme. "Our disciplined performance in FY24 has set Westpac up for growth and success," Westpac chief executive Peter King said. "We've significantly improved our customer ... |
| | | | The fine relates to several failures by J.P. Morgan Securities and J.P. Morgan Investment Management, including recommending more expensive mutual funds when almost identical ETFs were available much cheaper. J.P. Morgan Securities (JPMS) and J.P. Morgan ... |
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