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Showing 141 - 150 of 640 results for %22ANZ Wealth%22

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... future is something Westpac continues to work through, the spokesperson added. In the past two years, three major banks­ - ANZ, Commonwealth Bank and National Australia Bank - announced plans to divest wealth management arms. In November last year ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... "attended the meeting, made or received the telephone call, or initiated the [inquiry]." He pointed to the attempts made by ANZ and CBA to sell superannuation in bank branches under a general advice scenario - which "may have contravened the law." He ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... our partners while expanding our footprint." ANZ announced it will divest its four aligned dealer groups to IOOF - ANZ Wealth Management comprising RI Advice, Millennium3, Financial Services Partners and Elders Financial Planning dealer groups - in October ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with IOOF that will allow for the legal separation of the pensions and investments ...

Sunsuper expands advice business

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... at Sunsuper on January 29. Bailey has worked in the financial advice industry for more than 19 years, formerly employed by ANZ, Macquarie, OFM Investment Group, Bluestone Group, CMC Markets Asia Pacific, ITC Limited. He worked at Colonial First State ...

Advice groups sign on to HUB24

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... (18% of the $860 billion market). It is followed by AMP Group (17.4%), CBA (14.9%), NAB (13.8%), Macquarie(10.1%), ANZ Wealth (4.7%) and IOOF (4.2%). Mercer, Netwealth and tateplus each have less than 3% share.

Why the RBA has reason to cut rates in 2019

BENJAMIN ONG  |  WEDNESDAY, 9 JAN 2019
... domestic headlines. "NAB pushes out Reserve Bank rate hike forecast to 2020 from 2019" (Australian Financial Review) and "ANZ abandons its call for RBA rate hikes next year as the property downturn becomes longer and larger" (Business Insider Australia) ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... Group announced it will scrap grandfathered commissions on 140,000 customer accounts, taking a $40 million hit to earnings. ANZ is yet to state any changes in their position on the payments, though ANZ has now sold its advice dealer groups to IOOF - ...

FIIG turns to institutional market

HARRISON WORLEY  |  WEDNESDAY, 12 DEC 2018
... was Emily Boden, who recently was responsible for middle market fixed interest and wealth sales as an associate director at ANZ. Her new role sees her build out FIIG's sector coverage of not-for-profits and corporate entities, as well as those involved ...

IOOF future uncertain: Morningstar

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
The planned sale of ANZ Wealth to IOOF is under threat as a result of the uncompromising action of APRA. As such, Morningstar has placed the stock IOOF Holdings under review. Morningstar described the action brought against IOOF by APRA as a major hit ...