PETER KING

Features

Although seemingly having good intentions for the public, Chris Dastoor writes, political battle lines have taken priority in the common ownership inquiry....

Superannuation

Accused of being the power brokers behind the ousting of former Westpac chief executive Brian Hartzer, a Parliamentary enquiry has questioned two of the big four banks wh...

Life/Risk

The bank will sell its life insurance arm to Fidelity Life Assurance Company in its latest step to simplify the business....

Financial planning

Westpac has decided to retain Westpac New Zealand after discussions about whether a demerger was in the best interests of shareholders. ...

Life/Risk

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725 million and has entered into an exclusive 20-year distribution...

Policy & Regulation

Westpac has broken new ground, agreeing with AUSTRAC to go to the Federal Court for acceptance of a $1.3 billion penalty relating to its AMLCTF breaches....

Financial planning

The big four bank will bring back jobs to improve its operations and customer support in response to demand from the COVID-19 pandemic....

People & Products

Scott Collary has been appointed as chief operating officer of its new group operating office, while group executive Gary Thursby will leave the bank early next year....

People & Products

Anthony Miller will be the new chief executive of Westpac Institutional Bank....

People & Products

Former ANZ chief financial officer, wealth, Michael Rowland has been appointed as Westpac CFO, commencing later in the year....

Policy & Regulation

Westpac has confirmed the career and salary consequences that has flowed from its AUSTRAC scandal....

Funds management

Faced with COVID-19 factors, Westpac has announced new and increased provisioning and asset write-downs totalling around $1.4 billion....

Financial planning

The bank’s chief executive told its annual general meeting that it would recruit 200 people in compliance and financial crime areas....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 3 weeks ago

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

5 months ago

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

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

3 weeks 5 days 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...

1 week 1 day ago

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

2 weeks 4 days ago