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westpac
Superannuation
Westpac has reached a $29.9 million settlement in a class action brought against its subsidiaries BT Funds Management and Westpac Life Insurance Services....
Funds management
The merger between BT Super and Mercer will help advance Mercer on its mission to be the best superannuation fund in the market while members could see more than 25% fee ...
Superannuation
Westpac and BT Funds Management have entered into a Heads of Agreement to merge BT’s personal and corporate superannuation funds with Mercer Super Trust, through a succes...
Superannuation
Westpac is expecting to sign a heads of agreement for its underperforming BT Super MySuper product by the end of the financial year....
Financial advice
Westpac has been ordered to pay penalties of $113 million for compliance failures in banking, superannuation, wealth management and insurance....
Superannuation
While funds under management has grown, it has acknowledged the poor performance in the inaugural Your Super, Your Future performance test....
Superannuation
The prudential regulator is investigating the dividend policies of superannuation funds – and it will look beyond those that failed the super performance test....
Superannuation
The findings in the case, for which the big four bank will pay a $10.5 million penalty after it rolled over superannuation accounts, has established a precedent for the p...
Insurance
The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would release capital back to the bank....
People and Products
BT has appointed former Westpac executive Gai McGrath as chair of the BT Super Trustees Boards following the retirement of David Plumb after 10 years. ...
Superannuation
The big four banks have shed their ‘negative’ credit ratings by S&P Global Ratings and been upgraded to ‘stable’ after the swift COVID-19 recovery. ...
Superannuation
Superannuation funds with major shareholdings in Westpac will be putting their members’ investments at risk if they do not support a greater board focus on risk and compl...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...