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Showing 81 - 90 of 290 results for %22Westpac Life NZ%22

Westpac flags $2.2bn impairment

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... more than $2.2 billion - more than half of which is attributed to COVID-19. Announcing the expected charge this morning, Westpac said the $2.238 billion impairment includes about $0.6 billion from individually assessed provisions and net write-offs ...

FSC appoints deputy chief executive

ALLY SELBY  |  TUESDAY, 14 APR 2020
The Financial Services Council (FSC) has appointed a former Westpac head as its deputy chief executive. Blake Briggs nabbed the role after spending two years as Westpac's head of government affairs, and will rejoin the FSC in May. Briggs previously ...

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
Westpac today announced expected increased costs associated with AUSTRAC proceedings of $1.03 billion. On top of that, the bank has increased provisions for customer refunds, repayments and litigation by $260 million. It's also had to write down ...

Vale Ted Evans

ELIZA BAVIN  |  TUESDAY, 14 APR 2020
Tributes are flowing for former Westpac chair and Treasury secretary Ted Evans, who passed away over the weekend. Evans, who had been battling cancer, joined the Australian Treasury in 1968 and devoted 43 years of his working life to public service ...

Wealth manager appoints new head of advice

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
A former Westpac operations manager has been appointed to lead the financial advice capabilities of a listed wealth manager. ClearView has confirmed its appointment of Nick Howell as the firm's new head of advice. "Nick's appointment is part ...

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... more than 1.45% higher than the official cash rate." Since the announcement, 25 other banks have followed suit, including Westpac, NAB, St George, Suncorp, Bank of Melbourne, Bank of Queensland, HSBC and Macquarie Bank. Westpac acting chief executive ...

AMP director retires

ALLY SELBY  |  MONDAY, 23 MAR 2020
... distrusted brands. AMP ranked third among the least trusted brands in Australia. It topped Commonwealth Bank, NAB, ANZ and Westpac, which all made the top 10. Bendigo and Adelaide Bank was the only financial services firm to make the top 10 most trusted ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... performance is likely driven by the different composition of each banks loan book." Since the beginning of the COVID-19 sell-off Westpac has fallen 43.7%, however was trading up 7.36% at the time of writing. ANZ has fallen 44.9% during the sell-off ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by AMP Life, OnePath Life and Westpac Life. Data also revealed the nation's largest fund AustralianSuper received the most complaints at 262. About 122 of those were ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... character to provide financial services". Acworth has also previously been licensed by UBS Asset Management (2008-2015) and Westpac (2001-2008). Acworth's ban comes as part of the corporate regulator's wealth management project, which aims to ...