Chalmers acknowledges 'harsh and heavy' consequences of rate rises

The festive season is off to a damp start as the RBA raises interest rates for the eighth consecutive time this year to 3.1%

The FPA and AFA have begun the process to consult with members on the new name for the proposed merged organisation.

Bank of Queensland has elaborated on its surprise decision to appoint a new chief executive to replace George Frazis.

ASIC has changed the status of the AFS licence for two financial services groups, one of which had its director banned in October over his refusal to pay AFCA determinations.

Magellan has seen funds under management fall to $50.2 billion with net outflows of $2.5 billion but two asset classes experienced a rise in flows.

ASIC has commenced its first civil penalty case for alleged breaches of design and distribution obligations.

Despite headlines, there’s not enough evidence necessitating a decrease in portfolio exposures to equities, writes John Lobb.