ANZ job cuts in NZ
New Zealand wire service reports have revealed that the ANZ Bank in that country has called for voluntary redundancies among its branch staff.
The reports said that all staff had been called to special meetings to hear the news, with a union spokesman claiming the voluntary redundancies would be accompanied by a freeze on new recruits and less use of casual staff.
The New Zealand reports said that staff had been told that over the counter transactions had fallen by 10 per cent and that the bank was facing challenges as a result of the global financial situation.
Recommended for you
An advice AFSL has seen its licence cancelled by ASIC this month for failing to pay an AFCA determination, which was then covered by the CSLR.
The FAAA’s Phil Anderson believes the problem with Dixon Advisory is “much bigger than an advice issue” and the levy to pay for it should be expanded beyond the financial advice sector.
ASIC commissioner Alan Kirkland says the problems regarding advisers recommending clients to invest in the troubled Shield Master Fund are far from being an “isolated incident”.
Advice professionals are being encouraged to proactively engage with their staff on mental wellbeing, with a new report finding a surge in employee exhaustion and stress over the past year.
