Telstra boss supports NBN delays

Andy Penn has warned NBN Co must deliver sustainable a pricing review, but backed its costly decision to halt work on the HFC part of the network.

Markets Live: IOOF, Origin lift ASX

The ASX is mildly higher today, lifted by gains for Origin, IOOF and supermarket groups, as the benchmark continues to hover around the 6000 level.

Index investing will 'get bigger': Vanguard

Vanguard CIO Greg Davis says passive investing will keep getting bigger, as he rebutted criticisms by active stock pickers that the huge rise in indexing was fuelling financial risks.

Opinion

Tony Boyd

AMP readies for wealth disruption

When asked the potential benefits to AMP shareholders from its partnership with a fast growing American start-up, CEO Craig Meller said the opportunity could be worth billions.

PM holds line on banks probe

Malcolm Turnbull is holding the line against a commission of inquiry into the banks, despite rebel Nationals having the numbers in both houses to launch a probe.

Personal Finance