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WESTPAC
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...
Financial planning
The two banks will be probed by a parliamentary committee on its Royal Commission recommendation implementation progress along with implications of common ownership and c...
Policy & Regulation
Successful litigation against NAB, Westpac and Dixon Advisory could add enough to the corporate regulators coffers to cover the difference from the reduced levy....
Financial planning
The penalty is in relation to proceedings brought by the corporate regulator in 2016 around personal advice given to customers over external superannuation account rollov...
Life/Risk
The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would release capital back to the bank. ...
Policy & Regulation
A review from the corporate regulator of the six largest financial services institutions shows they have collectively paid or offered $1.86 billion in compensation for fe...
Financial planning
BT Funds Management and Asgard Capital will pay $3 million after the two entities made false and deceptive conduct to over 400 customers. ...
People & Products
Catherine Kovacs will serve as a member of the audit, risk and compliance committee on the platform provider’s board....
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
The big four bank will remediate customers of its financial advice business for failure to notify them of corporate actions between 2005 to 2019....
Life/Risk
As previously announced, Allianz will enter into an exclusive 20-year agreement for the distribution of general insurance products to Westpac’s customers....
Financial planning
Westpac has decided to retain Westpac New Zealand after discussions about whether a demerger was in the best interests of shareholders. ...
Financial planning
BlackRock, NAB, Westpac and Vanguard are among the other highly-rated financial services organisations, according to Super Recruiters’ Network Investor Perception Ranking...
Policy & Regulation
If successful, it will be only the second win in Australia against a company for insider trading, but also has the potential to be another big loss in court for the corpo...
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MARKET INSIGHTS
Podcast
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...
So we are now underwriting criminal scams?...