ANZ confirms 58 planner cuts
ANZ Group has confirmed it will be reducing its financial planning staffing by around 10 per cent, affecting 58 roles within the company.
The company has said that cuts are due to “a significant drop in demand for investment advice” which had prompted it to “review our numbers of financial planners and reduce the number of roles by around 10 per cent, which will mean 58 employees will be affected”.
ANZ said it had been trying to sustain planner numbers for some time in the face of the downturn but it was now clear that it had no choice but to reduce the size of its planner group.
The bank said it remained committed to the growth plans of its wealth business including around 300 on-going roles for financial planners.
AUTHOR
Mike Taylor
Recommended for you
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients' superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
Increasing traction among high-net-worth advisers and a stabilisation in adviser exits have helped Praemium report quarterly net inflows of $667 million in the third quarter of 2025.
ETF provider VanEck has announced its intention to launch a uranium and energy solution as global political agendas point to expansion in this sector.
