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Showing 1891 - 1900 of 4389 results for "financial Advice"

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... representatives in relation to ongoing advice service fees. Westpac said around half of the $260 million related to the financial advice business, while consumer and business banking accounted for the remainder. Key in the bank's remediation provisions ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... Adviser Standards and Ethics Authority's setting of new educational requirements for advisers will help improve the financial advice, including in relation to LRBAs. A LRBA involves an SMSF taking out a loan from a third party lender and then using that ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... and economic outlook could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses. Westpac has announced it is exiting personal financial advice. Commonwealth Bank has delayed its planned demerger ...

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
... upfront and ongoing, must be approved by the client, in writing, otherwise it can't be paid. "Their opinion of the financial advice profession is disturbing." Anderson said despite the AFA's many submissions and suggestions, the Royal Commission simply ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... Group will cease to be a standalone division of Westpac Group. Further, Westpac will no longer provide personal financial advice, moving instead to a referral model using a panel of advisers or advice firms. The group said it is unlocking value by exiting ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... it disagrees with four banking recommendations. NAB agreed with all 34 of Hayne's recommendations relating to financial advice, superannuation and insurance, as well as his additional recommendations around regulators, culture and governance. The bank's ...

IRESS general manager joins advice group

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
The former general manager of tailored solutions at IRESS is now leading a boutique financial advice group. Andrew Wootton has been appointed general manager of FYG Planners, following more than 11 years at IRESS. Bringing more than 30 years' experience ...

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

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
ASIC's fee-for-no-service report card shows the regulator and some financial advice licensees still have fundamentally different views on what constitutes a fee-worthy service. ASIC's fees-for-no-service further review report card has shone light on ...

ASIC scolds banks over fee-for-no-service delays

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... they paid for. ASIC's statement comes as consultancy firm KPMG ramps up its efforts to help clients deal with financial advice remediation, with the firm recently expanding its advice remediation team. Additionally, KPMG last week announced it would ...

Up close and personal: Women in financial services

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... Tower Australia - now TAL - as an underwriting administration assistant. It was in this role that her interest in financial advice, particularly risk advice, was piqued. "I was constantly talking to advisers and started to get to know a few quite well. ...