Financial Services

Legacy pension changes welcome but the devil, as always, is in the detail

A long-awaited and welcome change to so-called ‘legacy pensions’ was proposed in the recent Federal Budget. This will benefit some older Australians who have been trapped in certain retirement income…

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Strong economy helps the Big 4 banks rebound swiftly

Australia’s economic performance is the most important driver of the financial performance of our banks who recovered well from last year.

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Superfund merger activity drives move to ‘mega-funds’

COVID-19 has impacted the super sector in many ways, but it has not stopped the inexorable move towards consolidation in the industry.

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What happens next? with Bernard Salt: The future of financial services

The financial services landscape looks fundamentally different to what it did ten years ago. Digital transformation, evolving customer expectations and new entrants have long been disruptive forces in the financial services landscape.

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Financial Services in 2030: fundamentally transformed. Are you ready?

Nearly all industries, as well as governments and citizens, have been transformed by the pandemic. Financial services is no exception.

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Cyber-crime doesn’t wait for regulation

Financial services are facing an unprecedented set of pressures from increasing cyber threats, disruption, competitive pressure from new entrants, consumer and shareholder activism and regulatory oversight.

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Major banks prove resilient but risks are mounting: KPMG Major Australian Banks Full Year Analysis 2020

KPMG’s Major Australian Banks Full Year Analysis Report 2020 finds that the Majors reported a combined cash profit after tax from continuing operations of $17.4 billion, down 36.6 percent on FY2019.

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COVID or not, it’s still going to be a Super Melbourne Cup!

COVID-19 has certainly taken no prisoners and both my passions, superannuation and horse racing are no exceptions.

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COVID era disrupts and challenges super funds

The COVID-19 crisis has added even more complexity to a rapidly-changing super fund sector and has disrupted established market trends.

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Major banks navigating to a new reality: KPMG Major Australian Banks Half Year Analysis 2020

KPMG analysis finds that the Australian major banks (‘the Majors’) have reported a decline in aggregate cash profits for the first half of 2020.

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Debt opportunities remain for smart players

In recent days we’ve heard fears expressed that credit markets have ground to a halt as result of COVID-19: that’s not the case.

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2020: a turning point for fintech

2020 is set to be a pivotal year for fintech and the wider financial services industry.

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Australia’s regulatory environment: one year on from Hayne

A year on from the Hayne Commission represents a natural time to consider the new regulatory environment facing corporate Australia.

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