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

Search Results

Showing 61 - 70 of 109 results for "Westpac SA"

Risk Premium inflows up 9.6% in 2013

MARK SMITH  |  FRIDAY, 24 JAN 2014
Risk Premium inflows increased 9.6% year on year in the 12 months to 31 December, according to the latest figures from Plan For Life. AIA Australia led the way with inflows increasing by 20.1% during the year. BT / Westpac saw the second highest inflows ...

Australia's second SBB hits $10m target

JAMES FERNYHOUGH  |  TUESDAY, 8 OCT 2013
Australia's second social benefit bond (SBB), issued by the Benevolent Society in partnership with the Commonwealth Bank of Australia and Westpac, has closed after raising its target $10 million. The Benevolent Society SBB, which will help fund the ...

Westpac launches annuity lookalike

JAMES FERNYHOUGH  |  WEDNESDAY, 17 JUL 2013
Westpac Institutional Bank has launched an "annuity-style" product in response to demand from financial advisers seeking options to help clients achieve retirement goals. The Westpac Annuity Deposit will require a minimum deposit of $50,000 and will ...

Life insurance risk sees downfall in sales

LAURA MILLAN  |  TUESDAY, 9 JUL 2013
Life insurance risk sales declined, while premium inflows increased between March 2012 and March 2013, latest Plan For Life report shows. Overall sales were down by 4.7% with AIA leading the downfall with losses of 16.2%, followed by CommInsure with ...

New Westpac director to start in Feb

BEN COLLINS  |  MONDAY, 14 JAN 2013
Former chairman of Allens law firm, Ewen Crouch will start as an independent non-executive director on Westpac Banking Corporation's board from February this year. Crouch has headed Allens' board since 2009, and is recognised as one of Australia's best ...

Market Wrap

AAP  |  MONDAY, 5 NOV 2012
The Australian stock market has opened mixed, with Westpac among the big early movers after reporting a fall in full year net profit. At 1025 AEDT on Monday, the benchmark S&P/ASX200 index was down 5.8 points, or 0.13 per cent, at 4,454.3 points, while ...

Westpac warns tough year ahead

MARK SMITH  |  MONDAY, 5 NOV 2012
Westpac's full-year statutory net profit has fallen 15% to $5.97 billion owing to a one-off tax benefit last year. The tax gain is related to the bank's takeover of St George, which pushed last year's profit artificially higher and made this year's ...

Market Wrap

AAP  |  THURSDAY, 3 MAY 2012
The Australian stocks market was flat in quiet trading conditions at noon, as gains among financial shares were offset by weakness in the energy and gold sector. At 1215 AEST on Thursday, the benchmark S&P/ASX200 index was up 1.3 points, or 0.03 per ...

New St George and Westpac New Zealand CEOs appointed

CLAIRE MCGREAL  |  FRIDAY, 9 MAR 2012
Rob Chapman is stepping down as chief executive of the St George Banking Group to be replaced by Westpac New Zealand boss George Frazis, with senior Westpac executive Peter Clare taking over in New Zealand. Chapman has been at the helm of St George ...

Westpac posts $1.4 billion profit to December 31

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
Westpac made quarterly cash earnings of around $1.5 billion to the end of December, with after tax profits of $1.4 billion for the same period. The unaudited results come just two weeks after the group announced it would be shedding up to 560 jobs as ...