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Showing 51 - 60 of 398 results for "Big 4 banks"

No joy in the advice world this Christmas

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 DEC 2019
... and sustainable industry. "Decades of constant reform has only served to reduce competition and pave the way for the big banks to dominate the financial services industry and were the architects of the damage uncovered by Hayne - they are now unwinding ...

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... financial services industry is a victim of "tall poppy syndrome" because the public sees the profits being made by the big banks and then look at fees they pay to those same institutions. "Understand that the Royal Commission was around building a narrative ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... clients, as Westpac had come through the Royal Commission looking better than some of the other banks. Several of the other big banks had failed to meet Ethinvest's governance screens following the Royal Commission.

Financial planning pioneer to speak at FPA Congress

KANIKA SOOD  |  FRIDAY, 22 NOV 2019
... to Australia last year: the government has passed a ban on grandfathered commissions paid to financial advisers, the big banks has hastened their exit of financial advice and advisers have sat two rounds of the new FASEA exams. "The Aussies are moving ...

Best of times, worst of times for advice

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... need for advice but then there's a lot of advisers getting out of advice." He expressed disappointment with Australia's big banks exiting financial advice. "The banks are doing their best to get rid of their obligations and liabilities as fast as they ...

New advice groups detrimental to consumers

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
The co-founder of iPac Securities believes the issues that saw the big banks exit wealth management will pale in significance to future failures he expects will come as a result of "fringe" advice groups. Appearing at the ASFA Conference in Melbourne ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... Comyn also fronted the committee and said he believes non-bank entities should face the same level of scrutiny as the big banks. "There have been lenders able to lend into pockets of the market the regulated financial institutional haven't been and that ...

Consumers trust super funds about as much as banks

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 OCT 2019
... shows superannuation fund members place about as much trust in their fund to act in their best interests as they do the big banks. According to Qantas Super, 60% of Australians trust their super fund to act in their best interests. Meanwhile, 54% of ...

VanEck launches new fixed income ETF

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
VanEck will tomorrow list a new fixed income ETF that capitalises on APRA's expanded capital requirements for big banks, to deliver investors yield north of 2%. The VanEck Vectors Australian Subordinated Debt ETF (ASX: SUBD) will hold a portfolio of ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
... consumers." He pointed to recent movements in bank-aligned financial advisers as evidence of how some of Australia's big banks stand to benefit from the raft of reforms facing the advice industry. "If the banks have not been cynical enough, they now ...