Westpac confirms BT Wrap migration as priority
Westpac has nominated the acceleration of advice remediation and the migration of BT Wrap customers to Panorama as being amongst its priorities for the current financial year.
In a first quarter update released to the Australian Securities Exchange today, the big banking group also noted the ending of its relationship agreement with IOOF as being amongst the strategic priorities it delivered together with the sale of its NZ Wealth advisory business.
Commenting with the update, Westpac Group chief executive, Peter King said it had been a good quarter or the company with hither earnings, a stronger economy and “solid progress on our fix, simplify and perform strategic priorities”.
The update revealed a first quarter unaudited statutory net profit of $1.70 billion and improved cash earnings of $1.97 billion.
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
