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Showing 11 - 20 of 136 results for "Four Major Banks"

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... that will front the committee for a two day hearing in Canberra in November as part of its ongoing review of the four major banks and other financial institutions. Other funds set to appear include Suncorp, Nulis Nominees Australia and Rest. IFM Investors ...

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
... insurance companies could soon face another inquiry that has traditionally put the blowtorch on the chiefs of the four major banks. The Coalition has asked that the House of Representatives Standing Committee on Economics to expand its remit to inquire ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major Banks, Matt Thistlethwaite, said last week that he doesn't feel sorry for financial advisers who complain about the banning of ...

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... assets. CYA aims to deliver a regular income stream of fully franked dividends. Its top holdings include the four major banks, Macquarie, AMP, Amcor, QBE, BHP and Woolworths. Since its 2004 inception, it returned 11.3%, beating its benchmark by 2.2%. ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
... ASIC it viewed remediating customers as "distracting." The inquiry is currently scrutinising the chiefs of the four major banks on the back of revelations from the Royal Commission. The Standing Committee on Economics panel put it down to cultural problems ...

Make sure you have cash: Geoff Wilson

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
... regulatory costs are going up, a WAM portfolio manager said. The manager said from speaking to all CFOs at the four major banks, they don't see any major threats. This is partly because banks are "pre-empting the changes" that may come out of the ...

HUB24 lifts targets

KANIKA SOOD  |  MONDAY, 20 AUG 2018
... an acceleration of existing forces at play on the post FOFA environment," it said. "These include three out of four major banks exiting wealth, pressure being applied to grandfathered commission structures and traditional vertical integration models." ...

HUB24 introduces low-cost product

KARREN VERGARA  |  THURSDAY, 19 JUL 2018
... advisers to meet the best interests of their clients by providing alternative platform solutions. With three of the four major banks in Australia exiting wealth management in various forms, and BT and Macquarie Bank ceasing grandfathered commissions ...

Major banks overlooking elder abuse

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The Australian Bankers Association and the four major banks aren't doing enough to prevent elder financial abuse, particularly within branches where they are most vulnerable, an advocate group said. Michael Riley, chief executive of not-for-profit organisation ...

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
The wealth management and insurance businesses continued to squeeze the margins of the four major banks in the full year to 2017, separate reports from EY and KPMG have found. A KPMG analysis of the major Australian banks' performance shows the insurance ...