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Showing 771 - 780 of 3545 results for "ANZ"

Chief economist update: Inflation remains in the slow lane

BENJAMIN ONG  |  THURSDAY, 26 APR 2018
The financial markets' response to the Australian Bureau of Statistics' Consumer Price Index report was a big "HO-HUM." With the report released a day before ANZAC Day, the response could have been because market players' thoughts were on something ...

IOOF updates market on ANZ wealth sale

KARREN VERGARA  |  TUESDAY, 24 APR 2018
IOOF gave shareholders an update on its ANZ Wealth acquisition in light of the banking Royal Commission. ANZ announced in September 2017 it will divest OnePath's pension and investments and four aligned dealer groups to IOOF for $975 million. IOOF's ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
ANZ and NAB painted a bleak profitability outlook for shareholders, flagging massive losses ahead of their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments ...

Unions lobby super sector to cut big bank, AMP ties

JAMIE WILLIAMSON  |  TUESDAY, 24 APR 2018
... chief executives, ACTU secretary Sally McManus urged funds to reconsider their relationships with Westpac, Commonwealth Bank, ANZ and NAB in accordance with their ESG policies. "Working people in Australia gave up pay rises in order to get universal ...

ANZ blames systems for inadequate controls: RC

KARREN VERGARA  |  MONDAY, 23 APR 2018
ANZ has blamed its systems and processes for failing to adequately monitor in-house financial advisers as well as its authorised representatives within three of its aligned dealer groups. Week two of the Royal Commission tasked with scrutinising advice ...

ANZ dragged its heels on adviser misconduct

ALEX BURKE  |  FRIDAY, 20 APR 2018
The former chief executive of ANZ-aligned RI Advice told the Royal Commission the group took "too long to act" on adviser misconduct. Darren Whereat discussed the case study of former RI Advice authorised representative John Doyle with Senior Counsel ...

One third of Aussies struggling financially

HARRISON WORLEY  |  FRIDAY, 20 APR 2018
... a quarter of the population is just getting by, while a further 13% struggle to meet day-to-day financial commitments. The ANZ Financial Wellbeing survey shows more than a third of Australians are struggling financially with about 25% sometimes unable ...

RECAP: Advice in the Royal Commission spotlight (Days 1 - 3)

KANIKA SOOD  |  THURSDAY, 19 APR 2018
... No view on ending adviser commissions: AMP AMP deliberately misled ASIC over ongoing fees April 16: Big four's submissions ANZ, in a last-minute correction to its RC submission, upped the number of its financial advisers who failed to provide documented ...

Yarra Capital executive joins AUI board

KANIKA SOOD  |  TUESDAY, 17 APR 2018
... 40% of its investments were in financials and insurance, as at June 2017. It is invested in the big four banks: CBA (8%), ANZ (7%), WestPac (6%) and NAB (6%). AUI added Challenger and Macquaire Atlas Roads Group to its portfolio last year. Dion Hershan's ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
... NAB details serious compliance concerns in RC advice submission Commonwealth Bank refunding millions in fees for no service ANZ issues last minute RC submission correction Royal Commission must cast net wider AMP admits to serious misconduct in RC su ...