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Showing 81 - 90 of 194 results for "Separation"

Westpac appoints remediation lead

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2019
... responded to reports of up to 300 planned redundancies within BT Financial Group. Former ANZ general manager, wealth separation and transition Mandy Rutherford has joined Westpac to lead its ongoing customer remediation efforts. Most recently chief executive ...

ANZ provides update on wealth sale

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
... conditions by failing to establish a dedicated superannuation trustee by the March deadline. ANZ completed the legal separation of the OnePath Pensions and Investments business from its life insurance business last month. The sale of ANZ's life insurance ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... said it had significant concerns with the bill, and noted previous inquiries had already examined forced structural separation of Australia's financial institutions and found unsustainable market structures would be the likely outcome, leading to less ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the forced separation of financial advice and companies that sell and manufacture financial products "involved significant disruption" to ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... in Superannuation Symposium in Melbourne that while vertical integration of financial products remained lawful, the separation of product and advice is underpinning advice discussions among retail funds. "Profit-to-member superannuation trustees put ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... transitional year for AMP, where we focus on repositioning our business for the future." "Our first priority is the separation of our wealth protection and mature businesses, which will help simplify and create the basis for a more agile AMP."

Couples need to talk money

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
New research from Westpac shows couples are struggling to discuss their financial matters. Westpac's Finance and Separation report shows that choosing to avoid discussions about their finances is a recurring theme among couples who have - or are considering ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
The bank's separation from MLC is likely to be delayed. NAB said it was likely the planned divestment of its wealth management arm MLC would be delayed as far as June 2020. The bank said that while more detail was yet to arrive about the proposed legislative ...

Ferrari restructures AMP wealth leadership

HARRISON WORLEY  |  THURSDAY, 7 FEB 2019
... Zealand wealth protection and mature operations in the interim as they transition on AMP Life ahead of its planned separation. In a media statement De Ferrari said Wade's leadership would ensure AMP's wealth business remained competitive, and ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow down the adviser migration from big wealth managers to independent platforms ...