ANZ completes sale of Trustees to Equity Trustees

From

ANZ yesterday announced it has completed the sale of ANZ Trustees Limited to Equity Trustees Limited. As part of the agreement, ANZ formed a new strategic relationship with Equity Trustees... Read more continue reading

AFA Rejects ISA Commission Claims

From

The Association of Financial Advisers (AFA) has expressed dismay at the latest claims made by Industry Super Australia (ISA) in its Commissions by Another Name report (the ISA Report) on... Read more continue reading

Weekly market & economic update – week ending 4 July, 2014

From

Headline developments of the past week America’s payroll employment report for June provided a positive surprise. There was robust job gains of +288,000 and the US unemployment rate fell to... Read more continue reading

The changing face of payments: APCA redefines itself for the next generation of payment systems

From

The Australian Payments Clearing Association, the payments industry self-regulatory body, announced the commencement from 1 July of a new, more inclusive membership community and improved governance. These changes reflect APCA’s... Read more continue reading

FPA welcomes CBA compensation commitment but calls for more

From

The Financial Planning Association of Australia (FPA) welcomes yesterday’s unreserved apology and announcement by Commonwealth Bank of Australia (CBA) chief executive, Ian Narev, to appropriately compensate clients of the bank... Read more continue reading

TAL tackles gender inequality – pay gap closed

From

Australia’s largest life insurer TAL has closed the pay gap between male and female employees to provide almost 100% equal pay for both genders throughout the organisation. Closing the pay... Read more continue reading

New regulation of financial advisers providing tax advice

From

From 1 July 2014, the Tax Practitioners Board (TPB) regulates financial advisers who provide tax (financial) advice services under the Tax Agent Services Act 2009 (Cth) (TASA). Until now, financial... Read more continue reading

Senate report doesn’t go far enough to protect consumers

From

Australian investors have inferior protection from poor investment advice compared to their peers around the world. That situation won’t change any time soon, despite the findings of a Senate report... Read more continue reading

Significant merger heralds a new competitive force in Executive Search and Recruitment

From

Profusion Group and Primary Asset Consulting merge to create Australia’s largest banking and financial services executive search and recruitment firm. In a move that marks the creation of the largest... Read more continue reading

Statement to our customers from Ian Narev, CEO of the Commonwealth Bank

From

SYDNEY, 3 July 2014: Trust goes to the heart of a relationship between a financial institution and its customers. At the centre of the matters which a recent Senate Committee... Read more continue reading