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Showing 1021 - 1030 of 2859 results for "Division"

ANZ considering buy-back with life insurance paycheck

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... upfront reinsurance commission from Zurich. At the time, ANZ said the sale was completed "simplification" of its wealth division. Upon completion, Zurich will own 100% of One Path Life Australia Holdings (OPL), but ANZ will retain its New Zealand business ...

ANZ culls sales incentives for planners

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... on ANZ's 1H18 financial results, ahead of the acquisition. ANZ's 1H18 results reveal that cash profits in its wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring lenders mortgage reinsurance profit share being included ...

BTFG reports first half earnings growth

HARRISON WORLEY  |  MONDAY, 7 MAY 2018
Westpac's wealth management and insurance arm yielded $1.2 billion in revenue in the six months to 31 March 2018, an increase of 5% on 2H17. Overall BT Financial group added $404 million in cash earnings to Westpac Group's interim results, with the ...

Macquarie platform, wrap businesses soar

KARREN VERGARA  |  FRIDAY, 4 MAY 2018
... stockbroking businesses under Banking and Financial Services (BFS). It services more than one million customers. The division's fees and commissions dipped from $472 million to $466 million, but contributed $560 million to the bottom line, up 9% year-on-year. ...

IOOF flags ANZ Wealth results ahead of acquisition

ALEX BURKE  |  WEDNESDAY, 2 MAY 2018
... for the businesses it is planning to acquire from ANZ. The bank's 1H18 results reveal that cash profits in the wealth division slid by 24% to $44 million. ANZ said this was because of a non-recurring lenders mortgage reinsurance profit share being included ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... ability to self-regulate, she said. In referencing the FPA, AFA and ASIC's evidence, Orr questioned whether the current division of responsibility for the advice industry - being between employers, ASIC and the associations - is effective in ensuring ...

Water risk infiltrates agriculture portfolios

KARREN VERGARA  |  MONDAY, 30 APR 2018
... have ploughed more than $1 billion to the sector since 2007. Tim Lee, a partner of the food and agribusiness advisory division at PwC, says water volatility and accessibility to required volumes are posing risks not only to producers, but to supply chains ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
... materialised to an $86 million loss. In the same month, it agreed to sell UDC Finance, which is part of the New Zealand division, to HNA Group. ANZ booked $18 million in cost recovery related to the sale. Exiting its retail and wealth businesses from ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
The Australian Council of Trade Unions is calling on industry superannuation funds to review partnerships with the big banks in light of issues exposed at the financial services Royal Commission. In a letter to industry fund chief executives, ACTU secretary ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
... satisfaction would have been feasible to incentivise advisers. Last week, CBA executive general manager of the private banking division Marianne Perkovic told the Commission that CBA's systems were so "hopeless" that it took more than two years to notify ...