The latest issue of Financial Standard now available as an e-newspaper
| | MONDAY, 25 OCT 2021 12:21PMCommonwealth Bank has ditched its 90-year-old Dollarmites program after the state governments' banning of school banking schemes.|
|The 175-year-old wealth giant is set to rebrand in what chief executive Renato Mota calls an evolution, not a revolution.|
|AMP's wealth management business saw $1.4 billion in outflows last quarter and AMP Capital's assets dropped by $7 billion; however, its North platform swelled by $1.7 billion.|
|A new paper from the Actuaries Institute discusses the key skills and experience board directors for financial services companies should have going forward, including an argument that the chair should always be a former chief executive.|
|Businesses and investors including HESTA and Lendlease have launched an initiative that will focus on strengthening Australia's First People's heritage laws.|
|Commonwealth Bank is implementing artificial intelligence (AI) technology along with machine learning to detect abusive behaviour reflected in transaction descriptions within its banking services.|
|The Reserve Bank of Australia has suggested it may shift policy to cool the property market in 2022, likely to result in homebuyers being able to borrow less.|
|Financial Standard is expanding its media offering with a new weekly podcast for financial advisers, investment managers and super fund trustees.|
|The $140 billion super fund is furthering its commitment to affordable housing with the acquisition of a site in Melbourne.|
|Some financial services heavyweights have thrown their support behind Lifeline, as the pandemic, lockdowns and economic uncertainty sees mental health services stretched.|
| | |
The September financial adviser exam pass rate was stable at 60% but continues to fall below the overall pass rate of 88.5%.
| | |
The House of Representatives Standing Committee on Tax and Revenue has released a report aimed at overhauling Australia's corporate bond market.
| | |
Future Fund's latest portfolio update shows the sovereign wealth fund is just shy of hitting $200 billion.
| | |
Share trading platform Superhero will take the $40 million it has raised this year to expand into New Zealand by mid-2022.
|Brought to you by|