Financial planners
AMP shares fall to record low on $500m in scandal costs
Wealth manager AMP has flagged a lower first-half underlying profit in the range of $490 million to $500 million.
- by Sarah Danckert & Melanie Beeby
Latest
Westpac Banking Corporation
Sacked Westpac adviser received 'high achievement' ratings
A Westpac financial adviser with a history of compliance problems was allowed to continue advising customers for years before being sacked, court documents say.
- by Clancy Yeates
National Australia Bank
'Not competent': ASIC bans former NAB adviser Cowper for four years
Former NAB financial adviser Graeme Cowper, who unsuccessfully sued Fairfax Media for defamation, was banned for advice "that did not appear to be appropriate".
- by Ruth Williams
Exclusive
Commonwealth Bank
Fels warns ban on bank-owned advice still needed despite CBA sell-off
CBA's move to spin off its wealth arm does not remove the need for a ban on financial institutions owning financial advice businesses, former watchdog days.
- by Clancy Yeates
Commonwealth Bank
CBA slumps on spin-off as investors 'spooked'
CBA investor hopes of receiving a special dividend have been set back by its plan to spin-off its wealth management and mortgage broking business.
- by Clancy Yeates
Index funds
How Kate is building wealth outside superannuation
With super untouchable until you're about 60, investing personally can be a prudent strategy.
- by John Collett
David Murray
Board renewal top priority as David Murray starts as AMP chairman
The veteran banker's immediate priorities as the new chairman of embattled wealth giant AMP will be to renew its board and strengthen its governance framework.
- by Clancy Yeates
Westpac Banking Corporation
Westpac faces ASIC legal action over sacked financial adviser
An "emboldened" corporate cop is taking legal action against Westpac over allegedly poor advice given by a sacked adviser.
- by Clancy Yeates
More women will end up alone and managing their money by themselves
Through death and divorce women are likely to end up holding the financial reins but few prepare themselves for this happening.
- by Georgina Dent
Opinion
Opinion
Why AMP shares are a 'terrible investment'
AMP shares have slumped more than 80 per cent but things could get much worse, with little prospect for upside.
- by Scott Phillips
Regulation
'Read email thoroughly, it contains unhappy news': Dover shuts down
Its founder sensationally collapsed at the Royal Commission now he's closing the doors on Dover's advice arm.
- by Mathew Dunckley & Sarah Danckert