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Showing 721 - 730 of 3560 results for "Westpac"

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 ...

Frequent traders re-evaluate broking landscape

DARREN SNYDER  |  THURSDAY, 16 AUG 2018
... moved to another online broker in the period. "The improved retention efforts of the big four brokers - CommSec, ANZ, Westpac and nabtrade - has kept switching to a minimum," Guiamatsia said. The number of Australian retail online investors surpassed ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
... in the year to June and the reversal in consumer sentiment does not bode well for increased spending going forward. The Westpac Melbourne Institute Index of Consumer Sentiment declined 2.3% to 103.6 in August from 106.1 in July. While optimists still ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
There are signs of life in Fairfax yet but the big banks are less promising, according to Auscap Asset Management. Speaking at the Financial Standard Adviser Big Day Out in Wollongong this morning, Auscap head of distribution Lee Hopperton provided ...

BNP Paribas product lead joins RBC

JAMIE WILLIAMSON  |  TUESDAY, 14 AUG 2018
... space. Evers was most recently working in product development at BT Financial Group and has also previously held roles with Westpac, Macquarie and PwC. Finally, Gavin Yip joins RBC in the role of associate director, data and analytics. Yip adds more ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... services industry and consumers on its oversight of fees for no service remediation, ASIC said AMP, ANZ, CBA, NAB and Westpac have now paid or offered customers $222.3 million in refunds and interest for failing to provide advice while charging ongoing ...

ASIC staff to investigate institutions from the inside

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
... including $8 million for a new supervisory program in which ASIC staff will be embedded within Commonwealth Bank, ANZ, NAB, Westpac and AMP to monitor governance and compliance. Additionally, a taskforce dedicated to conducting a broad review into corporate ...

NULIS names new chair

KARREN VERGARA  |  TUESDAY, 7 AUG 2018
... prior to the consolidation of the funds in 2016. Her directorship history included Goldman Sachs Australia Managed Funds, Westpac and Teachers Federation Health. Promnitz first joined the board responsible for the MLC Super Fund and products such as ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... charging about 2900 members advice service fees between 2003 and 2015. It will compensate members $931,647.50, Hodge said. Westpac and subsidiary Asgard charged some customers advice-related fees affecting 760 accounts and remediated more than $634,000 ...