Colonial First State has admitted the entire reason some of its super funds generate vastly different returns for members has to do with the fees it charges. The banking royal commission heard on Wednesday that executives from Colonial and Commonwealth Bank were “unhappy” earlier this year when the Australian published an article explaining why the returns of...

Amazon is sounding out some of Europe’s top insurance firms to see if they would contribute products to a UK price comparison website in what would be a major foray by the US online retail giant into Britain’s financial services. Three industry executives said they had talked with Amazon about the possible launch. One said talks...

Turbulence in the political arena has sparked massive dumping and induced sell pressure on the equity sector of the Nigerian Stock Exchange as stock market investors lost N257 billion or 2.2 percent at the close of transactions on Friday. Analysts perceive there would be continued selloffs in the absence of any near-term positive trigger. They...