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Financial Planning

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
Westpac's cash earnings in the first half of the year will be hit by $260 million in remediation payments.

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
Australian employment figures and economic outlook could take a hit as major banks move to derisk their businesses by hiving off wealth and financial advice businesses.

Former Financial Wisdom adviser banned

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
ASIC permanently banned a former Financial Wisdom financial adviser from working in financial services.

AFA takes red pen to Hayne report

HARRISON WORLEY  |  WEDNESDAY, 20 MAR 2019
The Association of Financial Advisers has stepped up its opposition to the Royal Commission's final report, claiming the inquiry failed to acknowledge the value of advice.

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
Westpac is realigning its wealth strategy and BT Financial Group will cease as a standalone division. The group has also agreed to sell a number of advisers to Viridian Advisory.

More advisers using ETFs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
The share of financial advisers using ETFs for their clients has increased last year, according to the latest BetaShares Investment Trends ETF report.

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
The Government will allow mortgage brokers to continue to collect trailing commissions on new loans with a review slated for three years down the line, Treasurer Josh Frydenberg said yesterday.

Couples need to talk money

HARRISON WORLEY  |  WEDNESDAY, 13 MAR 2019
New research from Westpac shows couples are struggling to discuss their financial matters.

Platform rebrands for next phase

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2019
A $13 billion platform provider and investment administrator is rebranding as it gears up for the launch of both a superannuation and non-superannuation Wrap solution.

Interest in early access to super rises

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
AMP has experienced a spike in the number of financial adviser queries regarding early access to superannuation.