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Media releases - Financial Services

See below for all Deloitte Australia news releases related to Financial Services. For Deloitte news from outside of Australia visit the Global Press Room.

Deloitte ranked #1 by Kennedy in global financial services consulting based on growth in client spend 26 August 2013 Professional services firm, Deloitte is ranked number one globally for a 21% spike in global revenue from financial services clients according to the 2013 Kennedy Consulting to the Global Financial Services Industry report.
Deloitte acquires Vigilant – a market leading cyber security services business 3 June 2013 Vigilant acquisition adds to Deloitte’s world leading security practice, positioning Deloitte as the cyber threat consultancy.
Top Australian Miners end year on a high 7 February 2013 Australia’s top five mining companies ended the last quarter of 2012 with their highest market capitalisation in more than a year, according to Deloitte’s latest Mining League Table.
Brisbane attracts the best: Deloitte appointments 24 January 2013 Deloitte announces the appointment of John Debenham, former Executive General Manager at Suncorp and a former State Manager for ANZ, to lead its Financial Services practice in Queensland.
Deloitte appoints new financial services technology leader 3 September 2012 As companies increasingly compete in a global playing field they need to transform into service oriented enterprises collaborating with partners in an eco-system if they are to improve their market share, according to Maickel Sweekhorst, Deloitte’s newly appointed leader for the firm’s Consulting Financial Services Technology group.
HR organisations need to prioritise people-related risk says Deloitte 6 August 2012 With low-probability events that have a far-reaching global impact (black swan events) on the increase, people-related risk is shaping up to be one of the key trends in Human Resources (HR) according to professional services firm Deloitte. HR functions now need to adjust their own priorities as people risk rises on the corporate agenda.
Investment Monitor June 2012 – Resources sector propping up pipeline 30 July 2012 The June 2012 issue of Investment Monitor saw the total value of projects in the database hold steady.The value of projects fell by a modest $694 million, or 0.1%, in the June quarter but has still increased by 10.7% over the past year.
Finance transformation in the property sector – top ten tips for success 10 July 2012 With Australia’s property industry facing a range of sector-specific and broader national and global challenges, there is significant demand for better financial forecasting, more meaningful performance insights and better capital management.
Deloitte launches Centre for the Edge in Australia – strengthening its commitment to innovation 21 June 2012 Professional Services firm Deloitte is strengthening its commitment to innovation by launching the Australian chapter of the Centre for the Edge - Deloitte's global applied research and thought leadership development group.
Innovating for a digital future: breaking through the paradox - Deloitte Survey 20 June 2012 Innovation is social, not the preserve of lone geniuses; anarchic and anti-organisational, as well as needing failure and risk to succeed according to Professional Services firm Deloitte, in its 2012 Innovating for a Digital Future report.
Retail Forecasts, May 2012 – Budget boost 14 June 2012 Australia's retail sector has been struggling since the post-GFC cash handouts faded – the hit to consumer confidence, fears of job losses and a general need to cut back on consumer debt have all cut into the appetite of Australians for a trip to the shops. However, a string of recent developments suggest that the gloom permeating shopping malls may be starting to lift.
Australia's reverse mortgage market reached $3.3bn at 31 December 2011 4 June 2012 Professional Services firm Deloitte released its 10th comprehensive study of the Australian reverse mortgage sector today.
Effective leadership can raise company values by 16% 16 May 2012 In a global survey of analysts, Deloitte has found that market perceptions of leaders can move share prices.
Government to extend CGT rollover relief to merging superfunds 10 May 2012 Deloitte applauds the decision of the Federal Government to extend Capital Gains Tax (CGT) rollover relief for superannuation funds that merge over the next five years to 1 July 2017.
All super changes previously expected bar one… 8 May 2012 Of the five changes to the superannuation industry announced in the Federal Budget on Tuesday, all were expected with one surprising change.
All super changes previously expected bar one… 8 May 2012 Of the five changes to the superannuation industry announced in the Federal Budget on Tuesday, all were expected with one surprising change.
Investment Monitor March 2012: Supply challenges await 2 May 2012 The March 2012 issue of Investment Monitor saw the total value of projects in the database continuing to increase. The value of projects rose by $8.4 billion, or 0.9% in the March quarter, and has increased by 20.0% over the past year.
CFOs optimism rebounds despite ongoing uncertainty 24 April 2012 Optimism levels amongst Chief Financial Officers (CFOs) improved during the last quarter according to the latest Deloitte CFO Survey. The survey recorded its most positive sentiment readings in a year, with 38% of CFOs saying they were more optimistic about their company's financial prospects than they were three months ago.
Business Outlook March quarter 2012: Mining investment in overdrive reinforces two speed split for Australian economy 24 April 2012 Deloitte Access Economics said today that as Europe's central bank has pushed a trillion euros into financial markets - despite the current worrying news from Spain, European risks have receded slightly – from 'terrifying' to 'quite worrying'.
Government prepaid cards could save Australia nearly $1 billion over next four years 23 April 2012 New economic analysis by Deloitte Access Economics suggests that switching from current payment methods to prepaid cards for select government payments could provide annual benefits in excess of $240 million per year – or nearly $1 billion over a four-year budget cycle – for Australian consumers and governments, a significant amount in tight fiscal times.
Bi-Lateral Employment Initiative will positively impact skills shortages 2 April 2012 Deloitte welcomed today's announcement of a bi-lateral employment initiative to encourage skilled workers from the United States, highlighting the role it will play in meeting Australia's current skills shortages in nominated skilled occupation areas such as engineers, surveyors, tradespeople and construction project managers.
Investment Monitor December 2011: The Brisbane Line 1 February 2012 Australia's investment agenda continues to grow.  The December 2011 issue of Investment Monitor sees a further gain in the value of projects recorded of $18.7 billion, or 2.1%.
2011: a tough year for insurers - with strong improvement forecast for 2012 31 January 2012 The 2011 financial year was a tough year for insurers as higher claims costs associated with elevated levels of catastrophe impacted reported profits according to the 19th annual J.P. Morgan Deloitte General Insurance Industry Survey released today.
Business investment in new technologies: improving business performance 17 January 2012 The latest Australian Industry Group/Deloitte National CEO report, Business Investment in New Technologies, examines business investment in new technologies over the past three years.
Who will be the FoFA winners? 19 December 2011 At a time of fundamental change to the way financial advice is delivered and received in Australia, the winners from the Future of Financial Advice (FoFA) reforms will be those with a strong customer and adviser focus as well as an awareness of the disruptive plays already happening across their sector, according to professional services firm Deloitte.
Australia's mortgage industry settles to a new normal 24 November 2011 The heads of mortgages and home lending CEOs and CFOs in this year's Deloitte Australian Mortgage Report, anticipate a lending environment of moderate growth in 2012.
Where is your next worker? – Deloitte urges business to act on looming skill shortage 2 November 2011 Professional services firm Deloitte today launched a major discussion paper - Where is your next worker? - urging Australian businesses and government to act now to get ahead of the looming skill shortage.
Industry funds operational reserves top $1billion 2 August 2011 Total operating and general reserves maintained by 65 multi-employer industry funds totalled $1.2 billion at 30 June 2010 according to Deloitte Actuaries & Consultants.
Deloitte sets its sights on growth 27 May 2011 Deloitte Australia announced today it will promote 46 new partners effective 1 July 2011. Coupled with the 29 partners added during the year through acquisition, and a further 27 experienced lateral hires, there will be 102 new Deloitte partners by 1 July - an increase of almost 25% on the previous year.
Australia's reverse mortgage market reaches $3bn at 31 December 2010 25 May 2011 Deloitte Actuaries and Consultants released its ninth comprehensive study of the Australian reverse mortgage sector today. Commissioned by the Senior Australians Equity Release Association (SEQUAL), the study shows that at 31 December 2010 the reverse mortgage market in Australia consisted of more than 41,000 reverse mortgage facilities with total outstanding funding of $3 billion.
Call for Government to lead debate on adequate retirement incomes 11 May 2011 As expected the Government has used the Federal Budget to continue its focus on the 'Stronger Super' announcements it made in December 2010.
Superannuation pension drawdown discount gets partial stay of execution 11 May 2011 The Government announced in the Federal Budget that it will phase out the pension drawdown relief.
Government strengthens super funds infrastructure investment opportunities 11 May 2011 "The reform package in tonight's' Federal Budget to strengthen Infrastructure Australia, particularly the tax changes, will provide greater opportunities for superannuation entities to invest in key infrastructure projects," said Deloitte Superannuation Tax partner Noelle Kelleher.
Super excess contribution tax relief option: only a temporary bandaid 11 May 2011 Aware that there was increasing public anger at penalties caused by minor breaches of the concessional contributions cap, the Government used the Federal Budget to announce some minor relief.
Changes to FBT hit both employers and employees 11 May 2011 The Federal Treasurer confirmed changes to the FBT legislation as it impacts the provision of cars by employers to employees.
Deloitte welcomes private sector investment in infrastructure 11 May 2011 Deloitte welcomes the increased funding and expansion of Infrastructure Australia, the creation of an Infrastructure Financing Group (IFG), and tax incentives for investment in public infrastructure projects around Australia announced in the Federal Budget.
Budget fails to address tax uncertainty for $57billion of foreign investment 10 May 2011 Offshore funds managers continue to wait for certainty as Government delays decision on investment manager regime.
Deloitte's transformation of IA attracts senior partner 29 March 2011 Deloitte's pioneering work in transforming the function of Internal Audit by integrating analytics, consulting and other services with the internal audit function has attracted a global senior Internal Audit partner Steve Jones, to join the firm in Australia.
ATO crackdown on employers, according to Deloitte 21 March 2011 Businesses should expect an unprecedented level of review by the ATO in the coming 12 months in relation to fringe benefits tax, PAYG withholding and superannuation guarantee, according to professional services firm, Deloitte.
Access Economics joins Deloitte 2 March 2011 The directors and staff of Access Economics have joined Deloitte to create Australia's leading economics advisory practice to be known as Deloitte Access Economics.
Award challenges future leaders in financial services sector 18 February 2011 The Financial Services Council and Deloitte today issued its sixth annual challenge to young professionals in the financial services sector to submit ideas on five key issues facing Australia's $1.7 trillion wealth management industry.
2010 a better year for insurers, mixed trends expected in 2011 31 January 2011 The 2010 financial year was a better year for reported insurance profits according to the 18th consecutive annual J.P. Morgan Deloitte General Insurance Industry Survey released today.
Australia's mortgage industry prepares for a transformational year which promises a reformed agenda 16 December 2010 The annual Deloitte Australian Mortgage Report: 2011 Reforming the Agenda reveals that despite mortgage lending continuing to slow in 2010, positive signs are emerging.
Deloitte joins forces with Agreon 1 December 2010 Professional services firm Deloitte, announced today that the lead partner and staff of specialist Identity Management Business, Agreon has joined Deloitte Risk Services' security and resilience consulting business.
Colonial First State product manager Gideon Lipschitz wins major industry award 29 October 2010 Colonial First State product manager Gideon Lipschitz was announced the overall winner of the fifth annual Financial Services Council/Deloitte Future Leaders award.
Cyber crime is alive and thriving 9 September 2010 Professional services firm Deloitte has warned that successful organisations that are experiencing very fast growth may be at increased risk of cyber crime.
Deloitte Risk Services appoints new partner in recognition of continued growth 3 September 2010 Professional services firm Deloitte has announced the appointment of a new partner, Mr Rody Posthuma who previously worked at Ernst &Young (E&Y).
Proposals threaten interest deductions for Australian banks, says Deloitte 25 August 2010 A recently-released Basel Committee consultation paper contains proposals that, if implemented by APRA, will put at risk substantial interest deductions on subordinated debt issued by Australian banks.
CFO optimism dented by sovereign risk and the increased cost of credit 26 July 2010 Global sovereign risk has been highlighted as a key concern in the latest Deloitte Quarterly CFO survey with a majority (88%) of the participating Chief Financial Officers (CFOs).
Australia's reverse mortgage market reaches $2.7bn at 31 December 2009 28 May 2010 Deloitte Actuaries and Consultants released its eighth comprehensive study of the Australian reverse mortgage sector today.
Interest withholding tax changes to boost access to offshore funding 11 May 2010 The Government's announced phased reduction in interest withholding tax rates for Australian banks and foreign banks operating in Australia that are seeking to access funding from offshore markets "will be welcomed by the banking industry in Australia".
Australia - a financial services hub one step closer 11 May 2010 Deloitte Tax Partner Adele Watson said the Government's support for an Investment Manager Regime was "a big step towards making Australia's fund management industry a real financial services hub for the region."
Managed investment trusts announcement clarifies critical grey areas 7 May 2010 According to Deloitte Tax Partner Adele Watson, the announcement today by the Assistant Treasurer Nick Sherry on managed investment trusts (MITs) clarified two critical grey areas for the sector.
Super increase still inadequate according to Deloitte survey 2 May 2010 The superannuation guarantee contribution rate increase to 12% by 2020 will be inadequate to support Australians in retirement, according to a Deloitte survey of the Australian financial services industry.
Lack of concessions on insurance products a big disappointment according to Deloitte 2 May 2010 "The insurance industry and the Australian public will be disappointed that the Government has not taken up Henry's recommendation to abolish all specific taxes on insurance products," said Phil Lee, Deloitte Insurance.
Resource Super Profits Tax may be detrimental to the after tax earnings of superannuation funds, says Deloitte 2 May 2010 "The introduction of the Resource Super Profits Tax (RSPT) may detrimentally affect the after tax earnings of superannuation funds investing in the established resource sector," said Deloitte Superannuation Tax partner Noelle Kelleher.
Some financial services would support removing individual tax returns, according to Deloitte 30 April 2010 Anticipating a series of innovative changes that might be introduced by the Henry Tax Review and agreed by the Government, respondents to a Deloitte survey supported removing the need for Australians to lodge tax returns (18%), retaining the imputation credit system (17%) and reducing tax on interest from bank deposits (just under 17%).
Support for removing individual tax returns, according to Deloitte survey 30 April 2010 The survey, conducted during April by Deloitte, sought to establish the expectations of senior management from more than 220 financial services organisations, in advance of the Henry Review and the Federal Budget.
Male leaders build momentum for women in business 19 April 2010 A new leadership group of male CEOs and Chairmen including Deloitte CEO Giam Swiegers, from a diverse set of Australian companies, has been formed to elevate the issue of women's representation in the corporate sector on the national business agenda.
Banking and infrastructure tax experts join Deloitte 24 March 2010 Professional services firm Deloitte has bolstered its Tax group with two new partners from the corporate sector, with extensive experience in banking and infrastructure.
Another tough year ahead for the banking and securities industry: global Deloitte report 2 March 2010 It will be another tough year for the global banking and securities industry according to a report released by global professional services firm Deloitte.
Award challenges future leaders in financial services sector 26 February 2010 The Investment & Financial Services Association and Deloitte today issued a challenge to young executives in the financial services sector to submit ideas on how to solve some of the most pressing issues facing the Australian economy
Deloitte actuarial leader Andrew Gale appointed Count Financial chief executive 16 February 2010 Australia's largest independently-owned network of financial planning accountants and advisers, Count Financial, an ASX listed company, today named Deloitte executive Andrew Gale as its new chief executive.
Deloitte acquires Pathfinder Solutions 10 February 2010 Professional services firm Deloitte today announced an expansion of the Deloitte Analytics group with the acquisition of leading marketing and business insights specialist boutique firm Pathfinder Solutions (Pathfinder).
Aged productivity key to balancing the 'Big Issues' 2 February 2010 Professional services firm Deloitte has urged the government to continue to remove barriers to workforce participation for mature aged people.
Insurance profits collapse in 2009 but more stable outlook for 2010 expected 21 January 2010 The 2009 financial year was a bad one for reported insurance profits according to the 17th consecutive annual J.P. Morgan Deloitte General Insurance Industry Survey released today.
     

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