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25 November 2024 • By Lachlan Maddock • 1 min read

Statement of agreed facts filed in NAB case

A statement of agreed facts and admissions has been filed in the Federal Court by ASIC, MLC Nominees and NULIS.

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SunSuper CEO resigns

The chief executive of Sunsuper has signalled his departure after leading the fund through a period of transformation and growth. 

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Superannuation class action filed against AMP

Slater and Gordon today filed a class action against AMP on behalf of over 2 million Australians. 

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Supreme Court approves Pendal takeover

Perpetual’s acquisition of the global investment management business is set to be finalised, with the deal securing court approval. 

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Sydney wealth manager cops licence suspension

ASIC has suspended the Australian Financial Services licence of a financial advice dealer group for breaching its obligations and failing to obtain ...

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TAL axes 50 staff

The major life insurer has confirmed that 50 employees have lost their jobs amid a shakeup of the group's direct sales business.

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TAL to cut jobs amid major restructure

The life insurance giant has confirmed that it will reduce the total number of jobs in its retail channel following a strategic review.

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UBS sounds alarm on mortgage market

The investment bank has warned that the lack of borrower understanding of interest-only loan terms is “concerning”.

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Wealth exec to leave NAB amid leadership reshuffle

The major bank today announced a range of changes to its executive leadership team and the formation of a new Customer Experience division.

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Wealth platforms ‘buying business’ as price pressures mount

A managed account provider has revealed that wealth managers are paying far less than they have in previous years for platform providers and ...

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Westpac appoints new ‘battle-hardened’ chairman

The major bank has announced a successor to replace outgoing chairman Lindsay Maxsted.

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Westpac CEO to step down

Westpac CEO Brian Hartzer will step down following an AUSTRAC investigation that alleged the bank breached money laundering laws 23 million times.

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Westpac confirms leadership changes 

The major bank has confirmed that head of BT advice Janet Watts will move to the group’s consumer bank as general manager of retail and premium.

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Westpac fined $3.3m for rate rigging

Westpac has been ordered by the Federal Court of Australia to pay a pecuniary penalty of $3.3 million for contravening s12CC of the ASIC Act through ...

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Westpac hit by class action

BREAKING Westpac has been hit with a class action lawsuit from irate shareholders.

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Westpac reveals $357m profit hit over advice fees

The major bank has today provided an update on accounting provisions for remediation associated with authorised representatives in relation to certain ...

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Westpac takes $341m profit hit in second half

The big four bank has today announced that its cash earnings for the second half of 2019 will be reduced by $341 million due to customer remediation ...

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What’s really powering Australian wealth platforms?

Platform providers are quick to showcase their savvy tech credentials and marketing prowess. But what is the engine that actually drives these ...

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Zenith acquires NZ research house

Zenith Investment Partners has snapped up a major New Zealand research group as it expands into overseas markets.

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