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Showing 401 - 410 of 2785 results for "Westpac 16,500"

CommInsure eyes deferred lifetime annuities

KANIKA SOOD  |  FRIDAY, 18 OCT 2019
... Challenger has an 88% market share on annuities, followed by CommInsure ( $458 million in sales for year ending March) and Westpac ($3.8 million in sales).

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
Perpetual has reported a $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed ...

Morgans snaps up CommSec Advisory business

ELIZA BAVIN  |  TUESDAY, 24 SEP 2019
Morgans has acquired CommSec Advisory for an undisclosed sum, after winning a tender conducted by the Commonwealth Bank of Australia. There are about 18 financial advisers in the team who collectively manage around $4 billion on behalf of clients. Both ...

APRA considers appeal in IOOF case

ELIZA BAVIN  |  MONDAY, 23 SEP 2019
The Australian Prudential Regulation Authority has labelled its failed action against IOOF and five of its senior officers as a test case. APRA deputy chair Helen Rowell said the regulator was disappointed by the decision last week but added the case ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac  ...

APRA updates enforcement approach

KRISTI CHENG  |  WEDNESDAY, 4 SEP 2019
APRA says its new enforcement approach goes beyond taking stronger action earlier, clarifying when and how it will publicise the actions it takes. Outlining how it will increase transparency and take stronger action against misbehaving institutions ...

MLC Wealth appoints chief operating officer

KRISTI CHENG  |  FRIDAY, 30 AUG 2019
MLC Wealth has appointed a new chief operating officer from Westpac, who took the reins in mid-August. Anthony Lane joined MLC Wealth after nearly five years at Westpac subsidiary BT Financial Group, where he served as chief operating officer of BT ...

Down but not out: Top advisers adapt

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
Latest figures from ASIC's Financial Adviser Register (FAR) paint a telling picture of the state of Australia's financial advice sector, with close to 3000 advisers dropping out of the industry since February. According to Rainmaker analysis, the official ...

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
ASX-listed companies continued to hold off paying dividends, extending a five-year long trend, a global index shows. According to Janus Henderson, dividend payouts rose 5.7% in the June quarter, thanks mainly to QBE Insurance, which rewarded shareholders ...

KPMG names financial services head

HARRISON WORLEY  |  MONDAY, 26 AUG 2019
The global consulting firm has named a new leader for its financial services division. KPMG financial services management consulting head Daniel Knoll has been promoted to national industry leader for financial services. The role will see the former ...