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Showing 11 - 20 of 290 results for %22Westpac Life NZ%22

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
Westpac has decided to fold the Specialist Businesses Division that once housed its platforms, superannuation and insurance businesses, redeploying its lead Jason Yetton. The bank has restructured in support of its next strategic phase, chief executive ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... billion, folded into Perpetual this year. It was previously part of BT Investment Management, which in turn was part-owned by Westpac. "Perpetual itself has seen significant negative funds flows from its unit trusts, losing 60% of its $1.7 billion total ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... left with a tiny fraction of these costs being recovered," Abood said. "For example, ASIC was successful in court against Westpac in April 2022, with $113 million in penalties being awarded in this single case (which included advice related matters). ...

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
Bringing an end to years of speculation and sales discussions, Westpac will retain its platforms business, saying it intends to "aggressively compete" in the space. Despite having carried out a lengthy and competitive sales process, Westpac is going ...

Ord Minnett welcomes head of private wealth

CHLOE WALKER  |  FRIDAY, 28 APR 2023
... Olympian, Hegerty boasts over 18 years' experience in the financial services industry, having held senior positions at NAB, Westpac and at Wilsons, where he was general manager of private wealth. Most recently, he served as Ord Minnett's state manager ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
... no to." He joins Michael Johnston, who will serve as director of policy and advocacy. Johnston spent over nine years at Westpac, his most recent roles being the head of government affairs and managing the bank's reputation as the head of the Royal Commission ...

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
... complexity of regulated industries. Previously, he served as group chief risk officer and a member of the executive teams of Westpac, Royal Bank of Scotland, and ANZ Bank. Stephen also held board roles with the International Financial Risk Institute ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... $29.95 million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is ...

Super heatmap findings garner mixed responses

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... performance rating were EISS Super's MySuper option, Colonial First State FirstChoice Employer Super, BT Super MySuper, Westpac Group Plan MySuper, Commonwealth Essential Super and AMG MySuper. "MySuper options are supposed to be the low-cost, simple ...