Westpac sells asset management arm to Mercer
Firms also agree a superannuation funds merger
Westpac
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Westpac superannuation subsidiary fined A$20m
For charging clients commission despite the practice being banned since 2013
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Westpac to sell Australian wealth arm?
It could cost acquirers around A$1.5bn
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Westpac agrees to pay A$113m penalty
After regulator alleges the bank charged advice fees to over 11,000 deceased customers
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Aussie banking group handed A$10.5m fine
After its financial product advice was found to be in breach of the Corporations Act
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Westpac sells life insurance business for A$900m
While NAB buys Citigroup’s private wealth management arm
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Westpac sells New Zealand life insurance business
As it enters into a 15-year distribution agreement
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Banking giant settles class action for A$30m
After it was accused of ‘unfairly overcharging’ clients for life insurance products
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Westpac loses high court appeal over superannuation sales case
Decision provides ‘clear guidance’ on selling products ‘through direct approaches to retail clients’
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Westpac to sell New Zealand wealth advisory business
But bank says it will still serve customers with large investment portfolios for their lending needs
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PEOPLE MOVES: Franklin Templeton, KPMG, Westpac
Investment manager hires head of distribution, as auditing firm names global head of tax
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PEOPLE MOVES: FCA, Lombard International, Indosuez WM
UK regulator names interim CEO, while life assurance firm hires group chief executive