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Showing 5281 - 5290 of 17956 results for "Bank"

RC questions adviser sales tactics

KARREN VERGARA  |  FRIDAY, 20 APR 2018
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed. On his second day in the hot-seat, BT Financial Advice general ...

Chief economist update: Australian workers, don't expect a pay rise

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
... part-time jobs rose by 24,700 in March after dropping by 26,300 in February. Heads or tails? Given its importance to the Reserve Bank of Australia's (RBA) monetary policy decision - it's half of the central bank's dual mandate (inflation and employment ...

Royal Commission case study: advice put retirement in ruins

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
... the same thing," she said. "I felt that the professional financial adviser and business banker at Westpac, working at a big bank that we had banked with for 16 years - I never thought that I would be lied to. I thought I was being told the truth." A ...

Wealth management products make big leaps in digital sales readiness

KANIKA SOOD  |  THURSDAY, 19 APR 2018
Australians can now apply for 60% of all wealth management products offered by the country's biggest banks from their mobile phones, according to a fintech which helps financial services companies acquire clients. Avoka measured digital sales readiness ...

Dead advice clients slugged ongoing service fees

JAMIE WILLIAMSON  |  THURSDAY, 19 APR 2018
The Commonwealth Bank has admitted one of its advice subsidiaries charged ongoing service fees to clients it knew had passed away. Providing testimony to the Royal Commission today, CBA executive general manager, Commonwealth Private Marianne Perkovic ...

Suncorp names new chair

HARRISON WORLEY  |  THURSDAY, 19 APR 2018
... board since February 2015, and is the current chairman of the Suncorp remuneration committee. She is also a member of the bank's risk committee. McLoughlin is a veteran of the financial services industry with more than 20 years' experience, having held ...

Chief economist update: The colour of Beige

BENJAMIN ONG  |  THURSDAY, 19 APR 2018
... numbers and stats but instead anecdotal evidence on the state of the US economy. They are compiled by the Federal Reserve Bank's in each of 12 Federal Districts and is published approximately two weeks before the Fed's FOMC meeting. Speculators speculating ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... Michael Hodge pursued a line of questioning that revealed CBA slashed adviser numbers even as it grew its client base.The bank took two years to notify ASIC that its financial advisers were failing to meet ongoing service obligations. See also: Why wait ...

Sales director moves from Legg Mason

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
... sales at Legg Mason Australia and New Zealand, and earlier was an investment manager at Media Super. Before that he was ME Bank head of treasury sales, and during his nineyear career at the bank he held various roles including institutional manager (cash ...

Royal Commission latest: CBA doing more with fewer advisers

KARREN VERGARA  |  WEDNESDAY, 18 APR 2018
It took Commonwealth Bank two years to notify ASIC its financial advisers were failing to meet ongoing service obligations - all during a time when it slashed adviser numbers and doubled its client base. This is according to CBA executive general manager ...