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Showing 651 - 660 of 3560 results for "Westpac"

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
A former Westpac general manager and group executive will help lead APRA's capability review. Diane Smith-Gander has joined the three-person panel reviewing the prudential regulator, after the Government agreed to act on Kenneth Hayne's recommendation ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
Westpac has confirmed it is exploring options for its in-house financial planning division, following questions from Financial Standard about a potential sale of 50% of Westpac Financial Planning. Financial Standard understands Westpac is in talks with ...

Former Morgan Stanley chief to join Westpac board

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
Westpac appointed two new board directors, including the former chief executive of Morgan Stanley Australia. Steven Harker and Margaret Seale will join the board of Westpac in March as non-executive directors, and both are set to be appointed to the ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... customers first. At NAB we are determined to change and accept that we will ultimately be measured by the actions we take." Westpac and ANZ both responded through media statements, with the former committing to engaging constructively in the reform process ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... selling life insurance products over five years. MLC paid out $1.2 billion, OnePath paid $1 billion, TAL $840 million, Westpac $697 million (plus $158 million in grandfathered commissions on life insurance in super products), AIA paid $690 million, CommInsure ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... rate unchanged at a record low 1.5%. And they will! The $64 million question is what the RBA will do next. According to Westpac chief economist Bill Evans: "At the beginning of 2018 when Westpac was predicting the cash rate would remain on hold in both ...

Clime names distribution and private wealth lead

KARREN VERGARA  |  WEDNESDAY, 30 JAN 2019
... Yellow Brick Road, a role he took on in September 2016. Prior to that, he was the head of advice and wealth management at Westpac Private Bank for six years. He also spent time at NAB Private Wealth [sic] as the head of financial advice and investments ...

Chief economist update: Anatomy of an RBA rate cut

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2019
... orders declining to -1 in December from 0 in November and +3 in October. This is consistent with the latest read from the Westpac-Melbourne Institute index of consumer sentiment showing that pessimists outnumbered optimists in January 2019 - not a good ...

Chief economist update: Good jobs bad jobs

BENJAMIN ONG  |  FRIDAY, 25 JAN 2019
... growth. Total employment, along with full-time employment, had been trending lower since August last year. The lead from the Westpac-Melbourne Institute consumer sentiment survey that shows the "unemployment expectations index" rising to a reading of ...