Dispatches: Macquarie profits fall
Macquarie Group has posted a 16 per cent fall in first-half net profit as subdued market conditions continue to weigh on key divisions. (The Australian)
The current proposal to ban insurance commissions in superannuation would worsen Australia's underinsurance problem, according to independent platform provider Wealthtrac. (Investor Daily)
A number of advisers and dealer group heads have expressed frustration at a perceived lack of support from the funds management industry in protecting advisers against deteriorating consumer confidence. (Money Management)
