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Showing 181 - 190 of 608 results for "Big Four"

Big 4, AMP fork out massive compensation bill

KARREN VERGARA  |  MONDAY, 18 DEC 2017
AMP and the big four banks refunded customers $215.9 million for charging ongoing advice fees that failed to provide actual general or personal advice. ASIC said this was in addition to the fees-for-no-service compensation figures identified in Report ...

Synchron adds to adviser network

KARREN VERGARA  |  WEDNESDAY, 6 DEC 2017
... about one-third the market, is driving 80% of the growth, the report said. The largest advice groups, which comprises the big four banks, AMP and IOOF, have a combined total 9317 advisers.

Industry associations merge

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
... said: "It is disappointing that the Government is seeking to deflect from the real and systemic problems plaguing the big four banks, by including the superannuation system in this inquiry." She added there is no evidence of gouging, fraud or unethical ...

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... ensuring that our financial system is resilient, efficient and fair," they said. The chief executives and chairs of the big four banks said the Royal Commission is "unwarranted." "They are costly and unnecessary distractions at a time when the finance ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
Outgoing ASIC chair Greg Medcraft believes the big four banks will continue to sell wealth management arms because it's tough to restore the consumer trust repeatedly tarnished by these businesses. Speaking at a Sydney Financial Forum event yesterday ...

Big four ditch ATM withdrawal fees

ALEX BURKE  |  MONDAY, 25 SEP 2017
ANZ, CBA, NAB and Westpac have collectively abolished ATM withdrawal fees for non-customers. In a statement, ANZ said that non-customers will no longer be charged $2 to withdraw from ANZ-branded ATMs. ANZ group executive Fred Ohlsson acknowledged that ...

Female SMSF investors more focused on securing retirement

JAMIE WILLIAMSON  |  MONDAY, 4 SEP 2017
... 2017. SMSF investors are still showing a strong preference for Australia's blue-chip stocks, with Telstra, BHP and the big four banks accounting for almost 70% of the total value traded by active SMSF investors in the first half of the year. However ...

Young Aussies driving sharemarket

JAMIE WILLIAMSON  |  FRIDAY, 1 SEP 2017
... outside of property and super." The top ten domestic holdings for Gen Z and Gen Y investors largely comprised of the big four, Telstra, A2 Milk Company, Vanguard Australian Share Index ETF and Evolution Mining. Meanwhile, Baby Boomers and Gen X investors ...

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... opening of accounts as seen at international firm Wells Fargo. The audits, undertaken by ASIC in December 2016 of the big four plus BOQ, Citibank, HSBC and Suncorp, found no evidence of misconduct in the banks' sales practices, and confirmed current ...

Exposing the hidden risks of cash

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... P/E, banks derive a substantial amount of profit from real estate debt and 60% of Australian direct shares are in the big four banks. "That's not well-diversified," he said. Ultimately, though, he argued that "a mix of equities and some cash presents ...