Retail giant to roll out finance products
After a delay of over a year, discount retail giant The Warehouse, is about to announce the launch of its branded financial services products.
After a delay of over a year, discount retail giant The Warehouse, is about to announce the launch of its branded financial services products.
Chief operating officer for The Warehouse, Greg Muir, says the company should be in a position to give details of the financial products launch before Christmas this year.
The Warehouse was set to offer a range of financial products through its nationwide chain of stores earlier this year before the collapse of its deal with a prospective partner (rumoured at the time to be WestpacTrust).
“We’re now dealing with a different provider than last year,” Muir says.
“We went a long distance with the previous one but ultimately it was not the right choice.”
Muir says The Warehouse has been talking to a new prospective partner for two months and has progressed a lot further than in its earlier negotiations.
However, he says under the new deal The Warehouse will be able to offer the same range of products as previously planned.
The Warehouse has also begun an expansion into Australia with the purchase of two discount retailers giving it access to more than 100 stores.
AUTHOR
David Chaplin
Recommended for you
A new advice licensee set up by former WT Financial advisers has helped financial adviser numbers return above the 15,600 mark this week.
Two separate studies have discovered the majority of advised clients prefer to pay a flat fee for financial advice, while unearthing how much they are willing to pay for the service.
Financial services software Iress and digital community platform Ensombl have partnered up to strengthen the technology skills of financial advisers and paraplanners through a new initiative.
The corporate regulator has commenced “urgent” Federal Court proceedings against a Brisbane-based financial adviser in connection to financial advice and activities on client trading accounts.
