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Showing 521 - 530 of 2785 results for "Westpac 16,500"

SMSFs overlooking off-the-plan property risks

KARREN VERGARA  |  FRIDAY, 20 JUL 2018
Self-managed superannuation funds are showing a strong demand for off-the-plan properties but often overlook the risks associated with this type of investment. According to property research firm RiskWise, off-the-plan properties have driven lower property ...

Wealthier Aussies seeking advice

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
... More than a third of advised clients bank with Commonwealth Bank (34.6%), which is significantly more than ANZ (23.9%), Westpac (23.4%) and NAB (20.7%). While they don't necessarily use their bank for financial advice, Roy Morgan notes that the continuing ...

Westpac investment arm awards real estate mandate

KANIKA SOOD  |  TUESDAY, 17 JUL 2018
A $10 billion investment arm of Westpac has awarded a mandate to a multi-asset manager, as it broadens its approach to listed real estate assets. Principal Global Investors Australia said it has picked up a number of investment mandates, including from ...

Westpac ditches SMSF lending

KARREN VERGARA  |  TUESDAY, 17 JUL 2018
Westpac will terminate its self-managed superannuation fund loan offering at the end of this month. Customers wanting to use SMSFs to borrow and purchase residential investment property in Australia will have to look elsewhere. The bank and its subsidiaries ...

ABA appoints deputy chair

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
The Australian Banking Association has appointed Suncorp's chief executive as its new deputy chair. David Carter is taking the role from Bendigo and Adelaide Bank managing director Mike Hirst, who announced his retirement from the bank in March. "The ...

TAL veterans launch new life insurance provider

ALEX BURKE  |  WEDNESDAY, 20 JUN 2018
A group of former TAL executives have launched a new distributor of life insurance products backed by a global reinsurer. NEOS Life aims to distribute through the financial adviser market and offers life, total and permanent disability, critical illness ...

ASIC drags Westpac to court

KANIKA SOOD  |  MONDAY, 18 JUN 2018
ASIC has initiated civil penalty proceedings against Westpac in relation to a Perth financial planner whose poor advice has already seen the bank foot a $12 million bill to remediate clients. Sudhir Sinha provided financial advice in the Perth area ...

Equity Trustees appoints US executive, partners in Ireland

KANIKA SOOD  |  WEDNESDAY, 13 JUN 2018
Equity Trustees has made two international moves. The first will see a US-based Australian executive enter an international role; the second will see it partner with an administrator to launching an Irish fund platform. In a bid to ease American fund ...

AMP Capital appoints new chair

KANIKA SOOD  |  FRIDAY, 8 JUN 2018
AMP Capital has named Vanessa Wallace's successor a month after she resigned as the board chair. Wallace is being replaced by the chair of AMP's responsible entity and trustee boards, John Nesbitt. Nesbitt was previously Suncorp Bank's chief ...

Members abandon bank-aligned group insurers

KARREN VERGARA  |  TUESDAY, 5 JUN 2018
Latest Rainmaker group insurance research shows the share of superannuation fund members associated with a bank-aligned group insurer has halved in the last four years. The number of not-for-profit (NFP) superannuation members linked to a bank-aligned ...