ANZ simplifies its approach to wealth management... Real estate moves into leading economic role...
ANZ simplifies its approach to wealth management
ANZ today announced it will simplify its approach to wealth management, more closely aligning the distribution of wealth products and services with its Retail and Commercial businesses and focussing its insurance, superannuation and investments product business in Australia on improving returns and capital efficiency.
ANZ chief executive officer Shayne Elliott said: “Over the past decade ANZ has made significant investments in its insurance, superannuation and investments business to consolidate its position as a leading player in Australia and New Zealand with strong market shares in key segments.
“These changes generate more value for our 8 million customers by making it simpler and more convenient to access wealth solutions through closer coordination and alignment of our wealth and retail products. The changes help us unlock more potential from wealth and reduce complexity, duplication and cost across our business.
“The simplified approach also provides the opportunity to focus on improving returns and capital efficiency from our insurance, superannuation and investments product business given higher regulatory capital requirements,” Elliott said.
Real estate moves into leading economic role
Australia’s real estate industry continues it surge to be the nation’s leading economic force, with recent figures from the Australian Bureau of Statistics illustrating its rise.
The figures, released early this week, have revealed that over the December 2015 quarter, the real estate industry generated more than double the amount of taxable profit compared to the mining industry.
According to the ABS figures, the real estate industry generated $8.59 billion worth of taxable profit over the December 2015 quarter compared to the $3.66 billion generated by the mining industry.
Over the September 2015 quarter the real estate industry generated $5.4 billion worth of taxable profit, while the mining industry generated $6.1 billion.
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ANZ today announced it will simplify its approach to wealth management, more closely aligning the distribution of wealth products and services with its Retail and Commercial businesses and focussing its insurance, superannuation and investments product business in Australia on improving returns and capital efficiency.
ANZ chief executive officer Shayne Elliott said: “Over the past decade ANZ has made significant investments in its insurance, superannuation and investments business to consolidate its position as a leading player in Australia and New Zealand with strong market shares in key segments.
“These changes generate more value for our 8 million customers by making it simpler and more convenient to access wealth solutions through closer coordination and alignment of our wealth and retail products. The changes help us unlock more potential from wealth and reduce complexity, duplication and cost across our business.
“The simplified approach also provides the opportunity to focus on improving returns and capital efficiency from our insurance, superannuation and investments product business given higher regulatory capital requirements,” Elliott said.
Real estate moves into leading economic role
Australia’s real estate industry continues it surge to be the nation’s leading economic force, with recent figures from the Australian Bureau of Statistics illustrating its rise.
The figures, released early this week, have revealed that over the December 2015 quarter, the real estate industry generated more than double the amount of taxable profit compared to the mining industry.
According to the ABS figures, the real estate industry generated $8.59 billion worth of taxable profit over the December 2015 quarter compared to the $3.66 billion generated by the mining industry.
Over the September 2015 quarter the real estate industry generated $5.4 billion worth of taxable profit, while the mining industry generated $6.1 billion.
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