Search ResultsShowing 41 - 50 of 100+ results for "Westpac"
Westpac reveals Magnitude, Securitor adviser remediation
HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on ...
ME Bank adds new chair, directors
ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... Personal Insurance and chief information officer at Insurance Australia Group. Before that, held multiple roles at Westpac including as chief information officer Institutional Banking Group and chief executive of Westpac-owned software incubator ...
Home buyers lack basic financial concepts
ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
A new report by Westpac reveals that Australians looking to purchase property are desperate for financial education. Demonstrating the need for financial advice, the Westpac Home Ownership Report found almost half of home buyers did not understand ...
Rush of advisers sign up before FASEA deadline
ELIZABETH MCARTHUR  |  FRIDAY, 26 APR 2019
... advisers grew just 6%. Despite the overall jump in advisers registering, Commonwealth Bank, ANZ, NAB, Westpac, IOOF and AMP recorded a reduction in numbers of 2% over the last year. NAB and IOOF are the only two big firms to ...
NPP chair breaks down rollout
ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
Former Commonwealth Bank and Westpac chief information officer Bob McKinnon is tasked with the tough job of chairing the New Payments Platform (NPP) through its rollout. McKinnon was made chair at the end of January this year. In March, the RBA ...
Group risk inflows slow at CommInsure, AMP
KANIKA SOOD  |  MONDAY, 15 APR 2019
... than the lump sum market, swelling by 1.9% over the year ending December 31. Premium inflows declined the most at BT/Westpac Group (3%) while the biggest increase was seen by TAL (13.7%). The total risk market inflows stood at $16.3 billion up ...
Westpac appoints acting advice GM
JAMIE WILLIAMSON  |  FRIDAY, 12 APR 2019
Westpac has appointed an acting general manager of advice to lead the transition of its financial planning business to Viridian Advisory. National head of BT Group Licensees Ashley Stewart will take on the role of acting general manager of advice ...
$1.5bn pulled from Pendal
KARREN VERGARA  |  FRIDAY, 12 APR 2019
Westpac is pulling $1.5 billion of funds under management from Pendal Group over April as it consolidates its superannuation offerings. Pendal's management fee margin will be impacted by 0.31%, predominantly coming from multi-asset funds under ...
ASIC outlines enforcement efforts
ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... ASIC also resolved 10 market integrity related cases. Of key concern, ASIC won the Bank Bill Swap Rate case against Westpac in November - with the Federal Court ordering Westpac to pay $3.3 million for contravening the ASIC Act 2001 by its ...
Banks push to leave vertical integration on the table
HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... core banking operations, and the vertical integration model has all but been put out to pasture. Just last month, Westpac - which until then was the only big four bank still wholly committed to wealth management - decided to exit personal ...
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