LINDSAY MAXSTED

People & Products

John McFarlane will be the new chair of the Westpac board while current chair, Lindsay Maxsted, and board member, Anita Fung, will retire....

People & Products

Former ANZ Group chief executive, John McFarlane has been announced as the chair-elect of Westpac and will be responsible for appointing the bank’s next chief executive....

Financial planning

The authority has increased the bank’s capital requirement to $1 billion and will focus on directors and senior managers that breached the Banking Act in relation to the ...

Financial planning

Westpac has announced the appointment of a board financial crime committee and Promontory Financial Group to undertake financial crime program review and external account...

Policy & Regulation

Westpac has withheld the bonuses of its most senior executives and some of its general management until it determines who should be held accountable for its alleged AUSTR...

Financial planning

Westpac has admitted that it did not fully appreciate the underlying risks entailed in running a financial planning business....

Financial planning

Westpac chairman, Lindsay Maxsted has admitted the big banking group did not sufficiently recognise the risks in its financial planning business....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

4 days 2 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks ago