Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 271 - 280 of 3558 results for westpac

Westpac tops fee-for-no-service misconduct

KARREN VERGARA  |  THURSDAY, 5 AUG 2021
Westpac tops the charts for fee-for-no-service misconduct at $578.4 million, according to the corporate regulator. More than 71,400 Westpac customers have been affected by its failings to provide ongoing financial advice services that was promised. ...

AMP hires in support of advisers, brokers

ELIZABETH MCARTHUR  |  TUESDAY, 3 AUG 2021
... distribution at MyState Bank, and prior to that, chief executive at The Rock Building Society. He has also held roles at Westpac, RAMS and GE Money. Herbert starts in the role today and will be based in Brisbane. Herbert will be focused on driving continued ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... capability for insurance in superannuation. The nine insurers include AIA, AMP, Hannover, MetLife, MLC, QInsure, TAL, Westpac and Zurich which account for around 75% of the TPD market. "Important areas for improvement remain, such as better ways to store ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... three of which came from the financial services sector. ANZ head of legal, dispute resolution group Louise McAuliffe, and Westpac practice leader for business lending legal James Taylor will join AFCA's banking and finance unit as ombudsmen. They both ...

BTFM, Asgard Capital fined $3m

KARREN VERGARA  |  MONDAY, 26 JUL 2021
... providing customers with statements which did not show that ongoing adviser fees continued to be deducted. Parent company Westpac agreed to pay the civil penalties for BT and Asgard. Pointing to Asgard, the court said it "breached its obligation to do ...

Westpac appoints director

ANNABELLE DICKSON  |  THURSDAY, 22 JUL 2021
Westpac has named a renowned philanthropist as its latest non-executive director. Audette Exel is the chair and founder of international non-government organisation Adara Group. The group's focus is on improving health and education for women, children ...

Bank rebound buoys Aussie equities funds

ELIZABETH MCARTHUR  |  MONDAY, 19 JUL 2021
... Commonwealth Bank was the largest stock contributor over the financial year, followed by ANZ, Fortescue, BHP, NAB and Westpac. "While the second half of 2020 was a strong period for quality/growth managers, as markets rallied from the March 2020 Covid ...

HUB24 appoints chief product officer, director

ANNABELLE DICKSON  |  MONDAY, 19 JUL 2021
... has appointed MLC's former group executive, platforms to the inaugural role of chief product officer and added a former Westpac executive to its board. Darren Stevens was in the role at MLC for less than 12 months and was responsible for the platform ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... with trading, profitability and employment recording sharp declines. But consumer confidence told a different story. The Westpac-Melbourne Institute index of consumer sentiment went up by 1.5% to 108.8 in July from 107.2 in June. This, despite the survey ...

Pendal FUM up $5bn

KANIKA SOOD  |  THURSDAY, 15 JUL 2021
... impact added $5 billion over the previous quarter. Net outflows of $0.7 billion were mostly from lower margin cash after Westpac transitioned out its mandates. It realised performance fees of $16.4 million during FY21, which is 29% higher than FY20. ...