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The Westpac Bank has confirmed today that it will pay $900 million to buy the BT Financial Group from its US parent, the Principal Financial Group, in a move that will se...
Funds management
The Westpac Bank has agreed to pay $36 million to buy a 51 per cent stake in specialist alternative asset manager, Hastings Funds Management....
Financial planning
Tower Limited group chief operating executive Ken Boag will leave the group at the end of next week after the announcement last week that the group’s wealth management an...
Financial planning
Western Australian credit unions, State West and Health Credit, will merge their financial planning arms as part of a wider merger of the two groups....
Funds management
The funds management and banking sectors have been in an acquisition frenzy during the past two years, fulfilling the industry prophecy of rationalisation. FIONA MOORE ta...
Financial planning
MLC has dedicated 150 of its staff to formulate the design of a project to utilise the $200 million committed to the group’s wealth management operations by National Aust...
Financial planning
HISTORY does not repeat itself. Business cycles, market trends and business opportunities, if missed 10 years ago, do not represent themselves for a second bite of the ch...
Financial planning
The Tower group has announced it will make a strategic exit from the life insurance market in China in order to concentrate on its Australian wealth management operations...
Financial planning
Eighty-four per cent of Australians earning over $50,000 per year do not have a formal investment plan for the future, with 50 per cent relying on financial media and soc...
Funds management
The National Australia Bank (NAB) delivered its six month results to March 31, 2002 yesterday, reporting a net profit from core operations of $2,156 million, up by 15 per...
Financial planning
Westpac has experienced a 10.2 per cent rise in half year net profit it said today and confirmed it had reached agreement to sell its consumer finance business AGC to GE ...
Financial planning
Westpac and Rothschild Australia Asset Management will combine their funds management businesses to form a new organisation, following the announcement yesterday of Westp...
Funds management
The National Australia Bank (NAB) will reinvest $200 million into its Australian wealth management division over the next three years as part of its Positioning for Growt...
Funds management
The National Australia Bank (NAB) will invest $200 million into its Australian Wealth Management division during the next three years, with the aim to create a market lea...
Financial planning
New Zealand-based financial services group Tower is banking on the performance of its Australian wealth management operations in a bid to stave off the discontent of its ...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...