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Showing 1351 - 1360 of 6002 results for "WES"

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

Charity donates $10m to university

KANIKA SOOD  |  WEDNESDAY, 28 NOV 2018
Owners of an ASX-listed company donated $10 million to a university with campuses in Coffs Harbor and Queensland to fund research. Marcus Blackmore and wife Catherine of the $2 billion vitamin empire Blackmores made the personal donation to Southern ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
Australia's largest financial services institutions all agree - the use of vertically integrated business models in the wealth management arms of banks was not the reason for the industry misconduct exposed in the Royal Commission. In their responses ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
The new professional standards imposed on financial advisers should be rolled out across the entire financial services sector. That is the view of the Finance Sector Union which said a process of professionalisation should extend to other occupations ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
Treasurer Josh Frydenberg said eliminating misconduct was important, but the Government has other considerations to bear when implementing the Royal Commission's final recommendations. Speaking at the Australian Finance Industry Association conference ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
The Royal Commission heard today that Australia's banks underestimated the amount of change required to make financial planning "work" within their existing businesses. Continuing his appearance at the Royal Commission, Westpac chief executive Brian ...

Super fund slashes fees, switches administrator

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
A $5.5 billion superannuation fund scrapped several fees, discounted its insurance premiums and changed administrators. EISS Super announced several changes that took effect from 1 October 2018 affecting its superannuation, pension, retirement scheme ...

MetLife expands retail arm

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
MetLife Australia continues to bolsters its retail division with four key appointments. Marcus Chan joins MetLife as sales manager for New South Wales. He came from BT Financial Group where he worked as a business development manager. Also from BTFG ...

Australia's first active fixed income ETF goes live

KANIKA SOOD  |  TUESDAY, 20 NOV 2018
A Legg Mason affiliate has become the first to offer an actively-managed fixed income fund as an exchange-traded fund in Australia. Ringing the bell at the ASX in Sydney yesterday, Western Asset Management portfolio manager Anthony Kirkham listed the ...

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
Australian companies paid about $820 million less in dividends in the third quarter than the corresponding period from 2017 as dividend growth at local banks flat lined. ASX-listed companies paid out US$24.5 billion ($33.5bn) to shareholders in quarter ...