Rules force funds into hedge shift
New rules and higher costs are forcing superannuation funds to alter how they manage currency risk.
New rules and higher costs are forcing superannuation funds to alter how they manage currency risk.
Improved margins and mortgage repricing have helped drive Bendigo’s full-year cash profit 4.2 per cent higher.
Bendigo & Adelaide Bank shares leapt over 7pc after higher home-loan rates helped bolster its full-year cash earnings.
The housing market is the ‘single biggest risk’ facing the economy, according to Magellan chief Hamish Douglass.
Non-bank lender Pepper has accepted a $655 million takeover offer from US-based KKR.
Hamish Douglass’ Magellan has posted a slight fall in profit, as performance fees tanked and dividend income took a hit.
CBA chief Ian Narev admits “not every problem” has been solved following allegations the bank breached money laundering laws.
CBA has noted market appetite for CommInsure after booking a record $9.88bn profit, as an early market bounce waned.
IOOF is poised to take full advantage of the negative press engulfing the banks.
Wealth management firm IOOF has seen net inflows more than double as it booked a fall in full-year net profit.
Original URL: https://www.theaustralian.com.au/author/cliona-odowd/page/156