banks

Superannuation

ASIC’s damning report into financial advisers in institutions signal the risk that lied in banks increasing their market share in superannuation, ISA argued....

Editorial

Can the Govt continue to deflect a Royal Commission?

Mike Taylor writes that in a delicately-balanced House of Representatives there is no guarantee the Government can continue to deflect pressure for a banking Royal Commis...

Policy & Regulation

ISA’s Whiteley attacks banks on super

Industry Super Australia chief executive, David Whiteley has ramped up his defence of the default fund regime claiming the Big Four banks want super dominance....

Financial planning

Banks urge caution on naming and shaming

Three of the four major banks have urged the Parliament to be careful in moving to name and shame those responsible for breaches in the banking and financial services ind...

Editorial

Banks less enamoured of wealth management

The days of the major banks competing for major wealth management assets are gone due to a combination of indifferent financial results and regulatory and reputational ri...

Editorial

Professional standards and de-risking the industry

With the passage of the Professional Standards legislation, the major employers have already set about de-risking their planning exposures, Mike Taylor writes....

Superannuation

ISA questions banks’ governance lobbying

ISA has used APRA figures to argue against banks’ efforts to change the governance model of non-for-profit funds by pointing to the outperformance of industry funds....

Financial planning

Banks to identify bad apple advisers

The ABA has published a reference check to help stop advisers with poor conduct from moving around the industry as part of a new initiative....

Policy & Regulation

Banks struggling on bad apple register

The banking industry is looking to extend its financial planner reference checking protocols to other bank employees but is struggling with the concept of a bank employee...

Policy & Regulation

Banks defy FOFA approach for mortgage brokers

The banks-sponsored Sedgewick Retail Remuneration Review has revealed a banking sector reluctant to apply FOFA norms to mortgage brokering lest they lose market share....

Accounting

Smaller banks outperform majors in customer satisfaction

Small and regional banks have been found to be the highest-performing in Australia when ranked on issues related to customer satisfaction....

Financial planning

Did banks misjudge financial planning?

Financial planning business broker, Paul Tynan suggests the major financial institutions may have misjudged the complexity of delivering financial advice....