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Showing 421 - 430 of 3543 results for "ANZ"

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... Commonwealth/Colonial First State at -10.5%, AMP at -14.8% and NAB/MLC at -7.7%. IOOF's increase is attributed to its takeover of ANZ's retail funds whereas AMP's decrease was impacted by the sale of its life insurance business to Resolution Life. Gross ...

ASIC can use RC evidence in RI Advice case

ELIZABETH MCARTHUR  |  WEDNESDAY, 9 SEP 2020
... Advice didn't take reasonable steps to protect clients. RI Advice sought to have a Third File Review, which was created by ANZ (which owned RI Advice at the time) and provided to the Royal Commission as evidence, kept out of the case. RI Advice claimed ...

Ethical fund manager hires

JAMIE WILLIAMSON  |  MONDAY, 7 SEP 2020
... brings over 20 years' experience in financial services and, in addition to Vanguard, has worked with the likes of ING, ANZ and UBS. "With a proven track record of delivering strong investment performance and working with clients to deliver optimal ...

Banks to assess loan deferrals

ANNABELLE DICKSON  |  MONDAY, 7 SEP 2020
... included deferrals on 154,000 home loans, 86,000 small and medium business loans, and 21,000 personal loans," he said. Similarly, ANZ chief executive Shayne Elliot said the bank is deferring payments on $9.5 billion of business loans held by commercial ...

ASIC restrains Mawhinney

ELIZABETH MCARTHUR  |  THURSDAY, 3 SEP 2020
... never used. He does not own any property in his name or have any credit cards or mortgages in his name. But, Mawhinney's ANZ bank account had a closing balance of approximately $420,000 in June. Liquidators were appointed to M101 Nominees, the issuer ...

ANZ advisers launch advice boutique

KANIKA SOOD  |  WEDNESDAY, 2 SEP 2020
Four former staff of ANZ's financial planning business have started a new advice firm in Melbourne. Park Lane Advice Group in Melbourne's Cheltenham suburb is licensed via IOOF-owned Millennium 3 Financial Services. It was founded by Evguenia Rutkowski ...

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... Additionally, it posted UNPAT of $37.7 million for its investment management business and $31.3 million for its acquisition of ANZ's P&I business. "This is the first time we have reported on the P&I business since acquiring it. We committed to $68 million ...

Gonski departs ANZ

ELIZABETH MCARTHUR  |  THURSDAY, 27 AUG 2020
David Gonski has stepped down as the chair of ANZ, with Paul O'Sullivan to succeed him. Gonski is retiring from the board after serving as chair for six and a half years. "It has been an honour to work with my fellow directors and the management team ...

Zurich rejigs operations team

KARREN VERGARA  |  MONDAY, 24 AUG 2020
Zurich Life & Investments has made a series of leadership changes across its operations team, taking the next steps to integrate with OnePath. Tina Beilby has moved to the newly-created role of head of operations, integration. Beilby is now responsible ...

Advice remediation tops $1bn

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
AMP, ANZ, Commonwealth Bank, Macquarie, National Australia Bank and Westpac have paid or offered a total of $1.05 billion in compensation to customers as a result of fee for no service, misconduct and non-compliance advice, according to ASIC. ASIC said ...