Westpac’s wealth focus turns to Panorama and Private Wealth

Westpac’s wealth management division, BT Financial Group, is being broken up and its personal advice business sold, but the bank still has significant wealth assets. It plans to invest in its administration…

Zurich puts boutique manager on life support

Boutique fund manager Denning Pryce has suffered a crippling outflow of funds over the past five years, as investors have walked away from poor performance. Now the manager is being propped up…

Zenith upgrades two small companies managers

Active small company fund managers rose to the challenge of beating their benchmarks during last year’s volatile conditions, according to Zenith Investment Partners’ latest Australian Shares Small Companies Sector Review. While S&P…

Ian Silk’s real message to the super industry

When the AustralianSuper chief executive Ian Silk gave the keynote address to the 2019 CMSF conference last week, he had one target in mind – the profit-for-member funds. Acknowledging that this superannuation…

People: Senior executives go in Westpac restructure

Westpac has announced a reorganisation of its group executive responsibilities. George Frazis has left his position as consumer bank chief executive after being in the position since 2015. He joined Westpac in…

Government moves on industry code enforceability

The government has begun the thorny task of introducing greater enforceability into financial sector industry codes of practice, while trying to retain their voluntary and self-regulatory character. Treasury has issued a consultation…

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Westpac’s wealth focus turns to Panorama and Private Wealth

Westpac’s wealth management division, BT Financial Group, is being broken up and its personal advice business sold, but the bank still has significant wealth assets. It plans to invest in its administration platform, Panorama, and its private wealth business, which…

Zurich puts boutique manager on life support

Boutique fund manager Denning Pryce has suffered a crippling outflow of funds over the past five years, as investors have walked away from poor performance. Now the manager is being propped up by one of its industry partners, but it…

Zenith upgrades two small companies managers

Active small company fund managers rose to the challenge of beating their benchmarks during last year’s volatile conditions, according to Zenith Investment Partners’ latest Australian Shares Small Companies Sector Review. While S&P Dow Jones Indices’ latest SPIVA Australia Scorecard shows…

Ian Silk’s real message to the super industry

When the AustralianSuper chief executive Ian Silk gave the keynote address to the 2019 CMSF conference last week, he had one target in mind – the profit-for-member funds. Acknowledging that this superannuation sector, of which he is a recognised leader,…

People: Senior executives go in Westpac restructure

Westpac has announced a reorganisation of its group executive responsibilities. George Frazis has left his position as consumer bank chief executive after being in the position since 2015. He joined Westpac in 2009 and will assist with the management transition…

Government moves on industry code enforceability

The government has begun the thorny task of introducing greater enforceability into financial sector industry codes of practice, while trying to retain their voluntary and self-regulatory character. Treasury has issued a consultation paper, Enforceability of Financial Services Industry Codes, asking…

ETFs help advisers keep costs down, improve service

More investors will put money into exchange traded funds this year and, increasingly they are using ETFs to diversify their portfolios into international equities and fixed income. The number of ETF investors grew from 314,000 to 385,000 last year and…