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Banks launch major consumer protection program today

ALEX BURKE  |  THURSDAY, 21 APR 2016
The Australian Bankers' Association has announced today that banks will immediately commence a comprehensive new program to protect consumers and increase transparency and accountability. The first step will be an independent review of product sales ...

ANZ makes two senior advice appointments

ALEX BURKE  |  THURSDAY, 21 APR 2016
ANZ has made two senior appointments for its advice and wealth business. Darren Whereat, now general manager aligned dealers and advice standards, was previously chief executive of RI Advice Group. Prior to that, he was head of key accounts and dealer ...

Standard Life makes two senior appointments

MARK SMITH  |  THURSDAY, 21 APR 2016
Standard Life Investments has bolstered a commitment to its Australian business with two new hires in both the institutional and retail divisions. Joining SLI as investment director, institutional business, is Kate Hillyar. She will report to head of ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 21 APR 2016
Australia leading index The Westpac-Melbourne Institute leading index of economic activity dipped by 0.1% in March to 96.59 - the lowest reading on record - after falling by 0.2% in the previous month. Among the components, consumer sentiment expectations ...

NZ Super Fund sells private equity investments

DARREN SNYDER  |  TUESDAY, 19 APR 2016
... that has performed strongly in recent years," Mackenzie said. The fund said the name of the buyer is confidential, as is the sale price, and none of the sales involved New Zealand assets. Last month BNP Paribas Securities Services and The Economist Intelligence ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 19 APR 2016
Australia sales of new motor vehicles Sales of new motor vehicles jumped by 2.2% in the month of March - the highest increase in six months -- following an unchanged reading in the previous month, indicating that Australian consumer is lifting discretionary ...

Zurich insurance appoints CFO, updates app

KERRIE SYDEE  |  FRIDAY, 15 APR 2016
Zurich Australian Insurance has appointed Stuart Farquharson as chief financial officer and will commence the role on July 11 based in Sydney. Farquharson joins from AIG where he held the role of CFO for Australia for more than six years. He also held ...

Technology and collaboration to drive financial advice

KERRIE SYDEE  |  THURSDAY, 14 APR 2016
Australians want more collaboration with their financial advisers but only 21% are getting in touch monthly, according to new research from Salesforce. According to the Salesforce Connected Investor report, 77% of Australian respondents listed collaboration ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 14 APR 2016
Australian consumer confidence "...a disappointing result" is how Westpac chief economist Bill Evans described the latest reading from its consumer sentiment survey. The Westpac-Melbourne Institute index of consumer sentiment fell by 4.0% to a 7-month ...

NAB hires former AllianceBernstein Australia CEO

ALEX BURKE  |  WEDNESDAY, 13 APR 2016
NAB Asset Management has appointed a head of global institutional distribution. Ross Kent was previously institutional regional director, Australia and New Zealand at Dimensional. He was also chief executive for Australia and New Zealand and executive ...