Cbus boss plans for more mergers
The $55bn industry superannuation fund backs legislated plans to increase the superannuation guarantee.
Financial Services
KKR eyes bid for AMP’s wealth platform
KKR & Co has made an informal approach to AMP in recent weeks about buying the wealth group’s investment platform business, sources say.
Costello supports a rethink on super rise
Peter Costello says it’s right that the super guarantee rise be reassessed, as the Future Fund posts a negative 0.9pc return.
AMP considers asset sales as part of review
AMP shares surge on news of a review in response to what it says is an increased level of inquiries from potential suitors.
Supply-chain financing advocate PwC wins federal pay contract
Is the $120k contract for PwC for the federal government’s payment reporting times framework a waste of money?
AMP, QBE – is the message sinking in?
Pat Regan endorsed a code of conduct and broke it. End of story, especially after what QBE’s previous CEO did.
Analysts back IOOF’s move on MLC
Concerns remain over whether the Melbourne-based IOOF could be taking on more than it can digest.
ISX adds $200m to ASX suit
iSignthis has racheted up its dispute with the market operator, claiming total damages more than $460m.
Praise for fast QBE action
‘Absolutely no sign’ of any downward trend in sexual harassment in the workplace, says a senior lawyer.
’Don’t you know who I am?’: Citi banker’s tirade
Citibank Sydney managing director Thomas Hasan Dubmore Cribb unleashed mayhem in the final hour of a flight from Auckland.
Email probe skewers QBE chief
QBE chief Pat Regan to exit over ‘poor judgment’ following a scan of company emails and a female employee’s complaint.
Deloitte SAP partners head to PwC
PwC poaching ‘will not stop’ global leadership in SAP or customer relations, says Deloitte.
Pursuit of happiness: why IOOF bet big on MLC
The $1.4bn IOOF dropped on MLC is part of a big plan to prove that ‘financial advice’ doesn’t have to be a byword for dodgy.
The end of an error for banks
Two decades after the major banks piled into wealth management, the sector has completed one of the great strategic U-turns.
Giant IOOF to lift its game after MLC buy
IOOF will have an obligation to create a better wealth industry when it becomes the nation’s largest wealth manager.
$32bn paid out in early super
At least 3.1 million superannuation members have applied to take cash out of their super fund.
Mota rolls up for MLC challenge – again
This is the second time IOOF’s Renato Mota has worked on an MLC acquisition, only it’s now worth 70 per cent less.
Buy now, pay later rollercoaster
Australia’s buy now, pay later stocks have continued their wild ride up and down the bourse.
New chiefs for ASIC in corporate plan
Regulator creates two senior positions as part of a four-year plan to deal with the pandemic and reinforce confidence in the system.
IOOF confirms $1.4bn MLC deal
IOOF has confirmed it has agreed to acquire NAB’s superannuation and advice business MLC Wealth for $1.44bn.
Further AMP harassment complaints emerge
AMP’s capital division is the subject of at least two further non-disclosure agreements linked to sexual harassment and bullying complaints.
ASIC won’t play ball after tennis double fault
After three years of hard slog, ASIC has wrapped up its investigation into Commonwealth Bank’s handling of its Austrac entanglement.
Business interruption test case delayed
Business interruption insurance test case adjourned in an unusual move to ensure a faster judgment.
KPMG reviews partner age policy
KPMG looks likely to drop its age-related retirement policy for partners amid negative publicity and pressure over government contracts.
AMP hit by more departures
AMP Capital has been hit by a new round of departures in New Zealand, capping off a tumultuous week.
Spin-off plan at AMP triggered culture clash
What was it that proved a key turning point in what transpired over the past six months at AMP?
Mortgage Choice lending up
Mortgage Choice has been weighed down by a flat loan book and sliding franchise numbers amid an overall challenging period for the housing market.
Evans Dixon profit takes big Covid hit
The wealth manager will not pay a dividend in order to preserve liquidity.
O’Sullivan to ‘simplify’ ANZ as new chair
The former Optus boss will take over as ANZ chairman with a promise to simplify the bank, not only for investors but also for customers and staff.
Covid hits Prospa as CBA, ANZ move in
Online small business lender Prospa reports a loss but says it can turn things around, as major banks encroach on the sector.
Original URL: https://www.theaustralian.com.au/business/financial-services/page/196