Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 681 - 690 of 2785 results for "Westpac 16,500"

Former Westpac adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
ASIC has banned a former Westpac adviser from providing financial services for four years. Michael Mahoney of Adelaide has been disqualified after an ASIC investigation found that he engaged in misleading and deceptive conduct during his time as a Westpac  ...

Budgets with more super tinkering are possible

DARREN SNYDER  |  MONDAY, 26 SEP 2016
Westpac chief economist Bill Evans warns superannuation funds that further tinkering of the system at Budget time is not beyond the realms of possibilities. As federal politicians become further engrossed in "fixing the Budget" the chief economist reckons ...

Westpac alters incentive structure

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
Westpac chief executive Brian Hartzer has announced changes to employee incentives, including the removal of all product related incentives. In a speech to the Australia Israel Chamber of Commerce in Melbourne, Hartzer revealed Westpac will be removing ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 23 SEP 2016
Australia leading index The Westpac-Melbourne Institute leading index of economic activity showed no growth (0%) in August, decelerating from 0.08% in the previous month but the six-month annualised growth rate - indicating the "pace of economic activity ...

Risk inflows reflect boost in market

JAMIE WILLIAMSON  |  THURSDAY, 22 SEP 2016
... increase, despite only having 5.5% market share. Other market leaders to see significant increases in this category were BT/Westpac (7.6%) and TAL (7%). CommInsure was the only group to record a decline, finishing the year down 3% with its market share ...

Industry must collaborate to defeat cyber threats

KERRIE SYDEE  |  WEDNESDAY, 14 SEP 2016
The financial services industry must collaborate with academics and governments if it wishes to have an impact on cyber threats, according to group chief information security officer at Westpac Banking Group, Richard Johnson. Addressing a panel on the ...

Westpac refunds $9.2 million in unfair fees

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2016
About $9.2 million has been refunded by Westpac after more than 160,000 customers were wrongfully charged inapplicable account fees. The refunds are a result of the bank failing to waive fees on Westpac and St. George branded savings and transaction ...

Westpac tops S&P ESG index

ALEX BURKE  |  MONDAY, 12 SEP 2016
Westpac has been determined the financial services industry leader in the S&P Dow Jones global sustainability benchmark. The S&P Dow Jones Sustainability Indices annual review, developed in partnership with RobecoSAM, showed that Westpac comfortably ...

Growth in super and investment FUMA stagnant

KERRIE SYDEE  |  THURSDAY, 8 SEP 2016
Funds under management and advice (FUMA) held in retail and wholesale managed funds increased by 0.2% to $1.117 trillion over the 12 months to June 2016, with retirement income the only segment experiencing strong growth. The DEXX&R Market Share Report ...

Unclear disclosure leads to $20 million in refunds

JAMIE WILLIAMSON  |  THURSDAY, 8 SEP 2016
Westpac has been forced to refund approximately $20 million in wrongfully charged credit card fees. The bank recently reimbursed around 820,000 customers after it failed to clearly disclose the types of credit card transactions that attract foreign ...