Advice reforms ‘will harm profession’
Financial advisers have criticised incoming reforms which will allow less experienced people to provide advice to customers of super funds and insurers.
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Consumer groups warn against lowering bar for funds
The government should not give super funds a free pass to underperform in order to incentivise investments aligned with its energy transition goals.
Investor heavyweights call for policy clarity
Australia’s top financiers called for policy clarity and more measures to bolster private investment in the country’s energy transition at the Albanese government’s third investor roundtable.
BOQ cops first AGM strike as it warns of low 2024 returns
Bank of Queensland was stung with a first strike against its 2023 pay report, as it caps a horror year marked by governance shortcomings, enforceable undertakings, leadership changes and lower profits in a challenging banking market.
Annuities to help counter ‘longevity risk’ in super
The Albanese government is encouraging superannuation funds to create more annuity-style products that are better suited to an ageing population.
Cash crisis: Armaguard says AusPost part of solution
Linfox Armaguard believes Australia Post will have to be part of a solution to continue to supply cash to banks and businesses around the country.
ACCC airs concerns at dominance of big four banks
As a hearing into the ACCC’s rejection of ANZ’s takeover of Suncorp approaches, the regulator has criticised the dominant position of the big banks.
CBA’s ‘strategic pricing’ stems home loan exodus
CBA has defended its dominance in the home loan market after months of share losses with slightly sharper pricing and sophisticated systems.
Retail pain’s worst may be over, says CBA
Commonwealth Bank expects retailers, hotels and restaurants to continue to do it tough in the coming months, but it believes the worst is probably behind us.
FIRB tax scrutiny ‘delays mergers and acquisitions’
Foreign Investment Review Board requirements targeting tax leaks by foreign investors adds friction to an already sluggish M&A environment, says Ashurst lawyer Anton Harris.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/13