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Showing 711 - 720 of 3558 results for westpac

AMP ditches SMSF lending

KANIKA SOOD  |  WEDNESDAY, 26 SEP 2018
AMP Bank has pulled the plug on its SMSF lending business, joining CBA and Westpac. AMP will support current SMSF home loan customers. But starting November, they will not be able to switch to interest-only or refinance their loans. This leaves Macquarie ...

SMSFs seek offshore diversification

JAMIE WILLIAMSON  |  WEDNESDAY, 26 SEP 2018
... the average property loan amount sitting at $262,000. The most commonly held investments by SMSFs as at June 2018 were Westpac; Commonwealth Bank; Magellan Global Fund; BHP Billiton; ANZ; NAB; Platinum International Fund; CLS; Wesfarmers; and Telstra. ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... to be paid. CBA, NAB and ANZ took almost a year (352 days) to compensate customers after an investigation was complete. Westpac was the quickest to compensate customers - an average of 69 days. Across all the financial groups, consumers due to be compensated ...

Former Westpac adviser ban upheld

KARREN VERGARA  |  FRIDAY, 14 SEP 2018
ASIC's banning of a former Westpac financial adviser has been upheld by the Administrative Appeals Tribunal. Last July, the corporate regulator banned Jason Atkins from providing financial services for three years. Perth-based Atkins provided advice ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... five years. Suncorp received $3.9 million in premiums for selling 1838 policies - 40% of the 10 claims made were denied. Westpac Life no longer offers accidental death policies. Of the 2178 policies sold during the period, premiums mounted to $103.6 ...

BT launches new corporate super solution

JAMIE WILLIAMSON  |  WEDNESDAY, 5 SEP 2018
... workplace super Matthew Englund said. Developed on the back of employer and employee feedback, BT Super also offers access to Westpac Live so that all members with a Westpac account can see their banking and super side by side. "The needs of employers ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... loans between 2013 and 2017 were also examined. They were: Bankwest, CBA, Heartland Seniors Finance, Macquarie Bank, and Westpac and its subsidiaries St George Bank, the Bank of Melbourne and BankSA. As of late 2017, Macquarie Bank and Westpac stopped ...

Macquarie boards add new CEO and Westpac veteran

KANIKA SOOD  |  TUESDAY, 28 AUG 2018
Macquarie has added a former Westpac deputy chief executive to its boards, just as it announces the formal board appointments of incoming chief executive Shemara Wikramanayake that was flagged at its July annual general meeting. Philip Coffey is now ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... as it should be. From ASIC's point of view, it was sufficient to commence a proceeding against one company - namely Westpac - to "test the law" and obtain enforceable undertakings against others in the hope the misconduct would stop. Hodge countered ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... ASIC's financial services enforcement division. He was grilled over the regulator's disciplinary action on CBA, ANZ and Westpac. The discussion related to July 6 this year when CBA and ANZ entered enforceable undertakings with ASIC for offering ...