WESTPAC
Financial planning
The Federal Court has ordered Westpac to pay a $3.3 million penalty for its involvement in setting the BBSW in 2010. ...
Financial planning
Westpac chairman, Lindsay Maxsted has admitted the big banking group did not sufficiently recognise the risks in its financial planning business....
Financial planning
Westpac Banking Group has managed stay in the black despite heavy customer remediation costs, with BT Financial Group weathering much of the difficulty....
Financial planning
The Commonwealth Bank is the most popular bank amongst the wealthiest 10 per cent of Australians, being the bank of choice for 36.7 per cent of those customers....
People & Products
Payments fintech, Beem It, has appointed a former Commonwealth Bank executive as its new chief executive officer....
Funds management
Westpac/BT has exited its incubator, Ascalon Capital Managers....
Outsider
Who the hell is Siri and what is she doing with my money?...
Policy & Regulation
The Administrative Appeals Tribunal has upheld the Australian Securities and Investments Commission’s decision to ban Perth-based Westpac adviser....
Policy & Regulation
Westpac has admitted breaching its responsible lending obligations when providing home loans, and agreed to a $35 million civil penalty to resolve Federal Court proceedin...
SMSF
As Westpac announces it won’t offer self-managed superannuation funds loans for new consumer or business lending, RiskWise warns that buying property with super is “an ac...
Financial planning
Westpac’s BT Financial Group has called an end to grandfathering, effective from October....
Financial planning
Westpac has responded to civil charges brought against it by the regulator for poor financial advice by saying that it had already identified and responded to the alleged...
Policy & Regulation
The Australian Securities and Investments Commission has broken new ground by pursuing a civil case against Westpac as the licensee of a miscreant and now banned adviser....
Financial planning
The Australian Securities and Investments Commission has banned a former AMP financial adviser for five years, after finding that he gave advice which was “well below com...
Financial planning
Westpac has reported a solid first half amid the challenges presented by the Royal Commission....
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MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...