westpac

Financial planning

Westpac profit hit by remediation and planning exit

Westpac’s net profit dropped 16% during FY16 thanks to customer remediation and a reduction in wealth and insurance income....

Policy & Regulation

FASEA funding drying up

The exit of the major banks means the original funding source for the Financial Adviser Standards and Ethics Authority will mostly dry up in May next year with advisers t...

Financial planning

ASIC wins appeal on personal advice

ASIC has won an appeal against two Westpac subsidiaries that provided personal advice to customers that breached best interests duty....

Policy & Regulation

Advice remediation still dragging on Westpac

Westpac has announced another $341 million in provisioning for customer remediation programs....

Funds management

Has being gender-equal helped these banks’ share price?

Three of Australia’s banks have been listed as being among the most gender-equal financial services firms in the world but has this affected their share price performance...

Financial planning

ASX reports fall of 3.5%

The Australian stock market fell by more than 3.5% last week over fears of escalations in the US/China trade war. ...

Financial planning

Australian firms named best in world for gender equality

Australia has been praised for its gender equality after an Equileap gender survey found a quarter of the top 100 companies were Australian companies, including National ...

Financial planning

Dealer groups touting for departing bank planners

Infocus has emerged amongst the financial planning dealer groups touting to accommodate departing bank planners who choose to become self-employed....

Funds management

CBA confirms why banks remain core to portfolios

Advisers continue to make the make exposure to the Big Four banks a staple within client portfolios and the performance of the Commonwealth Bank explains why, according t...

Financial planning

ASIC to appeal Westpac responsible lending decision

The corporate watchdog has appealed to the Federal Court against its decision that the bank did not breach the Credit Act....

People & Products

La Trobe Financial hires three senior bankers

La Trobe Financial has added David Bleakley, Rick Drury and Annie Sestito to round out their executive team....

Financial planning

Do managed accounts equate to in-house products?

A senior financial services lawyer has warned that managed accounts may equate to the selling of in-house assets in the eyes of the Australian Securities and Investments ...