Volt Bank dies with cutting-edge tech
Innovation was a key plank of the neobank’s business model. But the best mortgage platform in Australia is of little use without capital to lend the money.
Source: afr.com
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Volt Bank to close, return $100 million in deposits to customers
It will hand back deposits to customers and return its banking licence, marking another failure in the neobank experiment.
Source: afr.com
'Consolidation indigestion' hinders super fund mergers
The prudential regulator is pushing for superannuation funds to merge to deliver member benefits but some are facing ‘consolidation indigestion’ in the process.
Source: superreview.com.au
APRA says it's 'unapologetic' about using new superannuation powers
APRA chair Wayne Byres has told super trustees to brace for “some rough seas” ahead. Speaking at a Trans-Tasman Business Circle event, Wayne Byres said the performance of superannuation trustees
Source: ifa.com.au
Financial Standard
Financial Standard provides trade news and education for superannuation trustees, financial planners, industry professionals and investment managers.
Source: financialstandard.com.au