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Showing 611 - 620 of 2785 results for "Westpac 16,500"

Wage freeze

BENJAMIN ONG  |  THURSDAY, 17 AUG 2017
The Australian Bureau of Statistics' (ABS) 'Wage Price Index' report for the June quarter confirmed what we, Australians all, already know...wages growth remains sluggish. Even market consensus got it on point. Growth in total wages stood still at a ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
Not happy Jan! This is the collective cry of Australian consumers according to the latest Westpac-Melbourne Institute consumer sentiment survey. Yet only a day before, the NAB business survey showed that business conditions in July were at their best ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
Ambitious financial services firms are driving Australia's global leadership in the development of blockchain technology, which is already delivering productivity and innovation benefits to the nation's trillion-dollar wealth industry. BNP Paribas Securities ...

Vanguard recruits former industry fund CIO

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2017
The former chief investment officer for the Meat Industry Employees Superannuation Fund is now a senior investment specialist at Vanguard. Mary McLaughlin joined the fund manager in May, charged with providing insights into Vanguard's equities investment ...

Westpac and Charter Hall in talks over infrastructure manager

DARREN SNYDER  |  MONDAY, 24 JUL 2017
Westpac is the latest bank set to offload one of its investment management subsidiaries, announcing exclusive discussions to sell its $14 billion infrastructure manager. Westpac told the ASX it has entered exclusive discussions with property group Charter ...

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
A former Magnitude Group financial adviser was banned by ASIC for breaching the best interest duty introduced under the Future of Financial Advice reforms. Jason Sean Atkins of Perth is prohibited from providing financial advice for three years after ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...

Steady increase for life insurance premium flows

KARREN VERGARA  |  MONDAY, 10 JUL 2017
... of growth in the past year as a result of amalgamating with Macquarie's risk business, followed by MetLife (9.3%), BT/Westpac (7.4%) and AIA (6.4%). AMP and OnePath posted flat results, while CommInsure (-5.2%) experienced negative growth. Industry leaders ...

APRA finalises senior executive lineup

JAMIE WILLIAMSON  |  WEDNESDAY, 28 JUN 2017
The Australian Prudential Regulation Authority completed its transition to a new organisational structure with the promotion of its chief risk officer and the creation of a position to oversee its risk and data analytics division. As of 1 July 2017 ...

Westpac GM becomes PNG wealth group CEO

ALEX BURKE  |  TUESDAY, 27 JUN 2017
Westpac's former general manager for South East Asia Pacific is now the chief executive of an ASX-listed Papa New Guinean bank and wealth management firm. Greg Pawson's appointment as Kina Securities' chief executive was announced as part of Kina's ...