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WESTPAC
Funds management
Westpac has entered into exclusive discussions with Charter Hall to sell Hastings Management....
Financial planning
The Big Four banks have all increased their share of their customers’ dollars, or ‘share of wallet’, in the last decade....
Financial planning
Results for the six months to 17 May show satisfaction with the big four banks has continued its steady increase....
Funds management
Westpac Group has announced the completion of a partial sell-down of its stake in BT Investment Management....
Policy & Regulation
The major banks have made clear to shareholders that the Government’s bank levy will erode their dividends....
Financial planning
Westpac Group has reported a strong first-half with profit up six per cent to $3,907 million, but its wealth division results including financial planning remain mixed....
Financial planning
A Parliamentary Committee has been told it takes an average of only 3.8 days for planners to get permission to recommend a non-APL product to clients....
Financial planning
ASIC has accepted enforceable undertakings from Westpac and ANZ to address inadequacies with their wholesale FX businesses....
People & Products
Westpac’s long-serving deputy chief executive, Phil Coffey has announced his retirement, with his last day being on 31 May....
Editorial
Mike Taylor writes that in a delicately-balanced House of Representatives there is no guarantee the Government can continue to deflect pressure for a banking Royal Commis...
Financial planning
ASIC has commenced civil penalty proceedings against Westpac for breaching home-loan responsible lending laws....
News
ING Direct has today announced the appointment of Melanie Evans to the position of head of retail banking....
Financial planning
ASIC has banned a former Westpac financial adviser from providing financial services for eight years after finding cases of inappropriate advice provided to clients....
Financial planning
BTFG’s contributions to Westpac has declined by four per cent to $876 million in cash earnings thanks to weak results in wealth in a challenging environment. ...
Financial planning
ANZ, NAB, CBA, Westpac and AMP licensees have paid around $23.7 million in refunds for fees charged without the actual provision of advice, with the refund total likely t...
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Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...