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Sacked Westpac adviser received 'high achievement' ratings

Sacked Westpac adviser received 'high achievement' ratings

A Westpac financial adviser with a history of compliance problems was allowed to continue advising customers for years before being sacked, court documents say.

  • by Clancy Yeates

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Afterpay founders boost wealth by $110m each after shares continue surge
Payments

Afterpay founders boost wealth by $110m each after shares continue surge

Shares in the company behind the buy now, pay later service soar on the back of growing popularity.

  • by Clancy Yeates
Bank casts doubt on testimony of funeral plan flogger
Banking royal commission

Bank casts doubt on testimony of funeral plan flogger

Bank of Queensland says it told Select AFSL to stop selling funeral plans to indigenous communities.

  • by Sarah Danckert
Bankwest to close 29 east coast branches, cut 200 jobs
Banking products

Bankwest to close 29 east coast branches, cut 200 jobs

More than half the branch closures are in NSW, with the rest in Victoria and Queensland.

Top regulators urge crackdown on 'high risk' funeral plans
Banking royal commission

Top regulators urge crackdown on 'high risk' funeral plans

The country's major financial regulators have thrown their support behind tighter restrictions on funeral insurance.

  • by Clancy Yeates
Dobbed in: ASIC reports rise in 'bad apple' financial advisers
Regulation

Dobbed in: ASIC reports rise in 'bad apple' financial advisers

The corporate regulator says it is a "positive development" in a sector notorious for allowing poor performers to escape sanction and move from firm to firm.

  • by Ruth Williams
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ANZ backs moratorium on drought-stricken farmers, admits to misconduct
Banking royal commission

ANZ backs moratorium on drought-stricken farmers, admits to misconduct

ANZ has admitted to several cases of misconduct towards customers it acquired when it bought agricultural lender Landmark in 2010.

  • by Clancy Yeates & Sarah Danckert
Former Perpetual chief to run MLC ahead of NAB divestment
Financial planning

Former Perpetual chief to run MLC ahead of NAB divestment

Former Perpetual boss Geoff Lloyd will lead the separation of MLC from National Australia Bank.

  • by Clancy Yeates
Westpac scraps new property lending to DIY super funds
Home loans

Westpac scraps new property lending to DIY super funds

Westpac is pulling the plug on new lending to self-managed superannuation funds (SMSF) for property investment, the latest move to tighten housing credit.

  • by Clancy Yeates
IFM chief 'more than happy' to face scrutiny over conflict queries
Superannuation

IFM chief 'more than happy' to face scrutiny over conflict queries

IFM Investors says it would welcome any scrutiny over governance questions that arise in its role as money manager for the businesses that own it.

  • by Clancy Yeates
Banks ramp up sharing of 'positive' data on customers, despite concerns
Credit rating

Banks ramp up sharing of 'positive' data on customers, despite concerns

Banks are on track to address a key "blind spot" in their lending assessments by early next year, as a customer data-sharing regime finally gains traction.

  • by Clancy Yeates