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Showing 81 - 90 of 457 results for "Australian Bank"

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
NAB emerged as the most distrusted bank brand in a Roy Morgan survey conducted after the financial services Royal Commission handed down its final report and NAB bosses resigned. In January, Commonwealth Bank had the lowest trust score but after Commissioner ...

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Financial advice licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission ...

Watermark pulls out of global equities

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
Watermark Funds Management is shuttering its global equities business, saying farewell to a number of senior staff. The ASX-listed fund manager announced it is in the process of liquidating its international exposures and will return to its original ...

Advice dealer group, fintech align

JAMIE WILLIAMSON  |  MONDAY, 7 JAN 2019
A national financial advice licensee partnered with an innovative investment platform. Advisers licensed by Elders Financial Planning can now access Cashwerkz, a term deposit administration service and cash management platform. Advice clients can access ...

APRA lifts interest-only restrictions

HARRISON WORLEY  |  FRIDAY, 21 DEC 2018
Australia's banks can now move back into interest-only lending, and their peak industry body says competition will increase as a result. This week APRA announced it would remove the 30% benchmark for new interest-only residential mortgages, which it ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
Almost two-thirds of financial advisers are against the removal of grandfathered commissions. A recent poll conducted by Financial Standard's sister publication FS Advice found 63% of respondents do not believe the payment of grandfathered commissions ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... Hayne should avoid recommending legislative action disturbing the widely-adopted model. Westpac - the only major Australian bank not to recently offload its wealth management arm - defends the practice of vertical integration. The structure is not responsible ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... required to make that work," Hartzer said. Counsel assisting Michael Hodge quizzed Hartzer - who leads the only major Australian bank not to recently jettison its wealth management arm - over the value of financial advice to Westpac's shareholders if ...

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
Australian companies paid about $820 million less in dividends in the third quarter than the corresponding period from 2017 as dividend growth at local banks flat lined. ASX-listed companies paid out US$24.5 billion ($33.5bn) to shareholders in quarter ...

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...