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WESTPAC
Funds management
IML Investors has said it is reluctant to add exposure to the big four banks as it believes the risk/return in the sector is unappealing....
Funds management
The bank aims to provide $3.5 billion of new lending to climate change solutions over the next three years. ...
Financial planning
The bank has created a new division that will encompass its wealth platforms, superannuation and retirement products, investments, general and life insurance, and auto fi...
Features
Mike Taylor writes that timing is everything and that while Westpac and ANZ have largely cleared their books of their wealth management businesses, the Commonwealth Bank ...
People & Products
Ainslie van Onselen will replace interim chief executive officer Simon Hann from 18 May, 2020. ...
Financial planning
Westpac has announced it expects to see $2.2 billion (pre-tax) in impairment charges in the first half of 2020, with $1.6 billion of this related to the impact of COVID-1...
Funds management
Faced with COVID-19 factors, Westpac has announced new and increased provisioning and asset write-downs totalling around $1.4 billion....
Financial planning
The likelihood that businesses won’t restart and customers won’t be able to start paying down their mortgages have been factors in ratings house Fitch downgrading Westpac...
Financial planning
Westpac has revised downwards its expectations for unemployment from 11% to 9% in light of the newly-unveiled JobKeeper proposals....
People & Products
Westpac’s board has opted for certainty and experience by elevating acting chief executive, Peter King, to the full-time leadership role....
People & Products
Duncan Hodnett will join from 30 March, 2020, in the newly-created role of head of global distribution....
Funds management
With falling stockmarkets, it is looking inevitable that Australia will fall into a recession, along with most other major markets, but could the world fall into depressi...
Financial planning
Unemployment in Australia could reach 11% by June, according to Westpac chief economist Bill Evans, up from its original forecast of 7%, in light of the “extraordinary ti...
Funds management
There have been mixed results for major listed financial groups in terms of volatility caused by COVID-19 with banks suffering least while firms such as OneVue and Challe...
Features
Mike Taylor writes that the services of experienced financial advisers have never been in greater demand as clients attempt to come to terms with the market volatility be...
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MARKET INSIGHTS
Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...