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Showing 91 - 100 of 484 results for %22ANZ Wealth Australia%22

Chief economist update: The turn in Australia's cycle from vicious to virtuous

BENJAMIN ONG  |  FRIDAY, 5 JUL 2019
... 2019 quarter after gaining 1.2% each in the previous two quarters. The ABS report is consistent with the 14.9% drop in the ANZ job advertisement series in the year to May (from 5.6% in April). Both reports point to continued weakness/weakening in Australia's ...

ANZ changes advice model, cuts Prime Access

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2019
The big four bank announced it will change the way it provides ongoing financial advice to customers via ANZ Financial Planning. As of today, the Prime Access financial advice service will no longer be offered to new customers and will be phased out ...

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... Corporation, Government Superannuation Fund, National Provident Fund and Kiwi Wealth. AMP Financial Services New Zealand, ANZ New Zealand Investments, JBWere NZ, Milford Asset Management, Westpac/BT Funds management, AMP Capital International, Australian ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
ANZ provided an update on its contractual arrangements with IOOF in relation to the sale of its OnePath Pensions and Investments business. The coupon rate ANZ pays on the debt note subscribed by IOOF reduced from 14.4% per annum to 2% per annum as of ...

Insurance expert joins $33bn super fund

KARREN VERGARA  |  TUESDAY, 23 APR 2019
... Equipsuper ($5.4bn) and QSuper ($3.8bn). This was at the expense of retail funds: MLC Super (-$1.5bn), BTFG (-$1.46bn) and ANZ Wealth (-$1.1bn), which recorded the largest outflows.

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... largest inflows in 2018, followed by Sunsuper ($6.7bn) and Hostplus ($6.2bn). MLC Super (-$1.5bn), BTFG (-$1.46bn) and ANZ Wealth (-$1.1bn) recorded the largest outflows. KPMG head of asset and wealth management Paul Howes said: "Despite the increased ...

Praemium loses major client

KARREN VERGARA  |  MONDAY, 8 APR 2019
Praemium has lost an Australian institutional client that contributed 8% to its revenue. ANZ Private made $4 million in revenue for Praemium during the 2018 calendar year. It will transition to new platform provider Netwealth from July 2019. While "it ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... to put governance and conflicts of interest management arrangements in place to safeguard super members. Also in January, ANZ revised its wealth sale agreement with IOOF following APRAs regulatory action. IOOF is also facing a potential class action ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... investors are showing faith in the big banks. CommSec, which tracks consensus stock ratings, places CBA, NAB, Westpac and ANZ all as a "moderate buy." Among the industry's biggest investors is the country's $2.8 trillion superannuation industry. ...

Banks, ASIC still at war over fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... lost earnings, with either the higher of the Macquarie Cash Management Account rate or the RBA rate to be used. Similarly, ANZ said it would calculate interest to reflect lost earnings, but would calculate interest at the RBA cash rate plus 4% in instances ...