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WESTPAC
Policy & Regulation
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 has won an appeal against two Westpac subsidiaries that provided personal advice to customers that breached best interests duty....
Policy & Regulation
Westpac has announced another $341 million in provisioning for customer remediation programs....
Funds management
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
The Australian stock market fell by more than 3.5% last week over fears of escalations in the US/China trade war. ...
Financial planning
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
Infocus has emerged amongst the financial planning dealer groups touting to accommodate departing bank planners who choose to become self-employed....
Funds management
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
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 has added David Bleakley, Rick Drury and Annie Sestito to round out their executive team....
Financial planning
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 ...
Policy & Regulation
The Australian Securities and Investments Commission has reinforced that its responsible lending action against Westpac was a test case....
Policy & Regulation
APRA has fined the bank and two of its entities $1.5 million....
People & Products
Metrics Credit Partners has made four appointments to strengthen its asset origination and portfolio management capabilities. ...
Financial planning
National Australia Bank has paid out over $32 million in customer remediation as at 30 June, 2019, part of total $119m paid out by Australia’s five largest banks. ...
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MARKET INSIGHTS
Podcast
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...