banks

Financial planning

Union urges NAB to shoulder responsibility

The Finance Sector Union has urged NAB chief executive, Andrew Thorburn to have the bank shoulder responsibility for compliance failures rather than blame financial plann...

Financial planning

Just one Parliamentary vote between banks and a commission

Just one House of Representatives debate and the mood of three Government back-benchers stand between the banks and a Parliamentary Commission of Inquiry....

Financial planning

Satisfaction with big four up in April

Satisfaction with the big four banks was up in April and well above the average, according to Roy Morgan Research....

Superannuation

Banks are super fee-gouging says ISA

Industry Super Australia has commissioned new research it claims proves the major banks are using super to gouge fees....

Financial planning

Banks’ fees for no service bill continues to rise

The major banks are facing a compensation bill well over $200 million as the Australian Securities and Investments Commission delves deeper into the “fees for no service”...

Policy & Regulation

Bank levy gone from bad tax to secret tax

The ABA has expressed angst over the Government’s move to force the major banks’ senior executives to sign confidentiality agreements before releasing the legislation....

Policy & Regulation

Big bank CEOs threaten fallout

The big bank CEOs are threatening fallout from the bank levy including impacts on suppliers and media....

Policy & Regulation

Major banks face bipartisan pincer

The major banks are facing a bipartisan pincer on the proposed bank levy with Federal Opposition leader, Bill Shorten backing such a move while continuing his calls for a...

Policy & Regulation

Major banks baulk at levy

The Australian Bankers Association has hit back at the Government over the imposition of a levy on the major banks saying it is counter-productive and was imposed without...

Financial planning

Lines of communication sound between major banking groups

International banking groups from across the globe had worked with open communication on the transformation to digital....

Financial planning

Banks still paying millions to dealer groups

The major banks have confirmed they are still paying millions of dollars a year to external financial planning dealer groups to provide support and education around their...

Policy & Regulation

Banks urge tougher conditions for planning licensees

The Australian Bankers' Association has urged the imposition of more onerous requirements on financial planning licensees, including capital adequacy....

Editorial

185 bad apples sour planning strudel

The recent Australian Securities and Investments Commission report on how large financial institutions oversee their advisers has served as a sobering reminder of the cha...

Superannuation

Industry funds eschew taint of bank scandals

Industry funds need to make sure they are not tainted by the scandals which have surrounded the banks, according to Australian Institute of Trustees acting chief executiv...

Superannuation

ISA surprised by govt reaction to ad campaign

Industry Super Australia said it was surprised by Kelly O’Dwyer’s reaction to its advertising campaign on banks moving into super, saying it demonstrated a lack of balanc...