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Showing 1 - 10 of 13 results for "Westpac Securities"

Westpac cops $10.5m fine

ANNABELLE DICKSON  |  TUESDAY, 24 AUG 2021
... High Court's decision that found two Westpac subsidiaries provided unlicensed personal financial advice. Westpac Securities and BT Funds Management were found to have breached their best interests duty when providing personal financial product advice ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... De Gori said. The findings follow ASIC's win over Westpac in the High Court in February, confirming that Westpac Securities Administration and BT Funds Management did provide personal financial advice in calls made to 14 customers regarding their ...

High Court dismisses Westpac appeal

JAMIE WILLIAMSON  |  WEDNESDAY, 3 FEB 2021
... 2013 and September 2016. Westpac won the original case in December 2018, with the Federal Court ruling that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act when recommending customers ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... brought by Johnson Winter & Slattery, has been filed on behalf of certain shareholders who acquired interest in Westpac securities or equity swap confirmations between 2013 and 2019. "The claim relates to market disclosure issues connected to Westpac's ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... Total funds under management at the end of last year sat at $29 million. A recent review from the trustee (Westpac Securities Administration) concluded that given the small number of investors and low FUM following the 2012 stop to new investors; it ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... campaigns to encourage customers to roll over external superannuation accounts into their existing accounts with Westpac Securities Administration Limited and BT Funds Management. ASIC was primarily concerned with the telephone calls. The corporate regulator ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
... financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) had breached the Corporations Act in 2014, during two telephone ...

ASIC and Westpac court battle sees mixed outcome

DARREN SNYDER  |  FRIDAY, 4 JAN 2019
... still managed to breach the Corporations Act. Judge Jacqueline Gleeson said ASIC failed to demonstrate that Westpac Securities Administration Limited (WSAL) and BT Funds Management (BTFM) provided personal financial product advice to 15 customers over ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... ASIC's decision to bring civil proceedings against Westpac subsidiaries. The corporate regulator is alleging Westpac Securities Administration Limited (WSAL) and BT Funds Management Limited (BTFM) contravened aspects of the Future of Financial Advice ...

Westpac and BTFG group get MySuper approval

JAMES FERNYHOUGH  |  TUESDAY, 6 AUG 2013
... wealth group has been approved to offer three MySuper products that will be used across its ASGARD, BTFG and Westpac Securities platform suite. On its list of products authorised are BT Retirement Wrap, ASGARD Independence Plan Division Two, and Westpac ...
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