ANZ NZ performs poorly in Better Banking survey


The offshoring of jobs is one of the major areas of dissatisfaction with ANZ New Zealand, according to a FINSEC Better Banking survey.
The survey highlighted five proposals for a 'charter for better banking', with 86 per cent of respondents supporting a commitment to stop the offshoring of New Zealand jobs and to develop New Zealand skills.
ANZ performed badly in the survey when it came to this area, with 59 per cent of respondents thinking that the bank is "getting worse in terms of showing a commitment to employing New Zealanders".
Customer services results also reflected poorly on ANZ, with 69 per cent believing that a lack of staff was a major issue. 69 per cent also felt that queuing was a major concern.
"Clearly the high rate of offshoring by ANZ and the fallout over the ING/ANZ frozen funds issue in New Zealand has dramatically impacted their customer satisfaction levels," said FINSEC general secretary, Andrew Casidy. "It rated the worst on customer satisfaction, lack of staff, long queues and pushing more products on to customers."
FINSEC is the finance sector union in New Zealand.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.