Westpac still considering sale of platforms and super business
Westpac has used its first-half results announcement to confirm that both its life insurance business and its major platforms business remain under consideration for sale.
In an investor briefing, the big four banking group confirmed the expected completion dates for the sale of its vendor finance, general insurance and lender mortgage insurance businesses and confirmed that its life insurance, auto finance and superannuation, platforms and investments businesses were “under consideration”.
The businesses fall within the bank’s so-called Specialist Business Division, with the briefing pack nominating the BT, BT Panorama, Advance Asset Management, and Asgard brands.
The vendor finance, general insurance and Westpac Pacific sale transactions are all slated to complete in the second half of this year.
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
