westpac

Financial planning

The Commonwealth Bank is the most popular bank amongst the wealthiest 10 per cent of Australians, being the bank of choice for 36.7 per cent of those customers....

People & Products

Payments fintech appoints former CBA exec as CEO

Payments fintech, Beem It, has appointed a former Commonwealth Bank executive as its new chief executive officer....

Funds management

Westpac/BT exits Ascalon

Westpac/BT has exited its incubator, Ascalon Capital Managers....

Outsider

Giving Siri the finger

Who the hell is Siri and what is she doing with my money?...

Policy & Regulation

AAT supports Westpac adviser’s ban

The Administrative Appeals Tribunal has upheld the Australian Securities and Investments Commission’s decision to ban Perth-based Westpac adviser....

Policy & Regulation

Westpac admits fault, agrees to $35 mil penalty

Westpac has admitted breaching its responsible lending obligations when providing home loans, and agreed to a $35 million civil penalty to resolve Federal Court proceedin...

SMSF

SMSF property loans “a high-risk endeavour”

As Westpac announces it won’t offer self-managed superannuation funds loans for new consumer or business lending, RiskWise warns that buying property with super is “an ac...

Financial planning

BT Financial Group rules line under grandfathering

Westpac’s BT Financial Group has called an end to grandfathering, effective from October....

Financial planning

Westpac offers thin response to ASIC charges

Westpac has responded to civil charges brought against it by the regulator for poor financial advice by saying that it had already identified and responded to the alleged...

Policy & Regulation

ASIC mounts civil action against Westpac

The Australian Securities and Investments Commission has broken new ground by pursuing a civil case against Westpac as the licensee of a miscreant and now banned adviser....

Financial planning

Former AMP adviser banned for five years

The Australian Securities and Investments Commission has banned a former AMP financial adviser for five years, after finding that he gave advice which was “well below com...

Financial planning

Westpac reports solid half

Westpac has reported a solid first half amid the challenges presented by the Royal Commission....

News

BTFG withheld information from Dover on miscreant adviser

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry has been told BT Financial Planning failed to fully inform Dover Finan...

Financial planning

Financial planning under scrutiny at Royal Commission

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services industry will begin scrutinising financial advice with the major banks and AMP ...