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Showing 91 - 100 of 417 results for "Big four banks"

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... funds. Supporting this, a 2017 Rainmaker pilot study of portfolio holdings disclosure by super funds found the big four banks were among the top 10 holdings of all participating super funds. "Where it gets complicated for the industry funds is that even ...

Advice not yet a real profession: Kell

ALEX BURKE  |  TUESDAY, 17 APR 2018
... developed than the systems that ensured that the client received the advice." Kell said this wasn't just limited to the big four banks and AMP - he also cited Yellow Brick Road, First State Super and Bendigo and Adelaide Bank as examples.

Yarra Capital executive joins AUI board

KANIKA SOOD  |  TUESDAY, 17 APR 2018
... longer term. About 40% of its investments were in financials and insurance, as at June 2017. It is invested in the big four banks: CBA (8%), ANZ (7%), WestPac (6%) and NAB (6%). AUI added Challenger and Macquaire Atlas Roads Group to its portfolio last ...

Royal Commission must cast net wider

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
... of financial advice, albeit with some noticeable absences. During the Commission's second round of hearings the big four banks and AMP will appear, as will privately-owned dealer group, Dover. However, there are commentators suggesting the advice provided ...

Royal Commission to grill FPA, AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 4 APR 2018
... will also appear. Preceding this, case studies provided by the financial planning arms and subsidiaries of the big four banks and AMP will be presented to the Commission. Running from Monday, 16 April to Friday, 27 April, the second round of hearings ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... Bligh said. The Code of Banking Practice was introduced in 1993 and has since gone through three iterations. The big four banks are signed up to the current code, the Code of Banking Practice (2014). The revamped version, lodged with the ASIC in December ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
ASIC said clients of the big four banks and AMP who received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
... will not be a never-ending lawyers' picnic." The inquiry was formed following an open letter to Turnbull from the big four banks, requesting you and your government to act to ensure a properly constituted inquiry into the financial services sector is ...

SMSFs shifting focus for diversification

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... consumer discretionary stocks also proved popular. The top 10 domestic equity investments for SMSFs comprised the big four banks, Telstra, BHP Billiton, Wesfarmers, CSL, Woolworths and Woodside Petroleum. Separately, new data released by the Australian ...

NAB refunds home loan customers

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... compensation bill for charging ongoing advice fees, but failed to provide actual general or personal advice. AMP and the big four banks collectively refunded $215.9 million to customers; NAB is due to pay a further $1.3 million.