Media releases

Millennials (Gen Y and Z) are the most optimistic about their future with 74 per cent saying they will be in a better financial position in two years’ time despite rising cost of living pressures, says new research from BT Financial Group (BT).

BT Financial Group today announced the resignation of John Shuttleworth, General Manager Platforms and Investments after 14 years with the Group.

Entries have officially opened for the 2019 BT Emerging Fashion Designer Award. The prestigious award aims to identify and showcase Australia’s most promising emerging fashion designers and provide support in the form of financial means, access to services and mentoring.

BT Financial Group (BT) has launched a new Level Premium Policy Replacement process for BT Protection Plans, which allows clients to maintain their level premiums for their life insurance, even when the funding method or ownership structure of their policy changes.

BT Financial Group (BT) is today announcing three new initiatives: - significant pricing changes to its flagship platform, BT Panorama - the launch of a ‘compact’ BT Panorama offer - an online adviser services hub, BT Open Services

Deductible personal superannuation contributions are the top query from financial advisers according to BT Financial Advice’s (BTFA) Technical team in the June quarter, following super reforms allowing more Australians to use this strategy and top up their retirement savings.

BT’s flagship investment platform, BT Panorama is the highest rated platform among financial advisers for its mobile access and app, according to new research from Investment Trends1 as the growth in digital demand continues.

Customers of BT Financial Advice operating through the Westpac, St.George, Bank of Melbourne and BankSA networks (BT Financial Advisers) will benefit from the removal of grandfathered payments attributable to their BT products.

Westpac today acknowledges commencement of Federal Court proceedings by the Australian Securities and Investments Commission (ASIC) in respect of one former financial adviser it reported to ASIC in 2015.

BT Financial Group (BT) today announced it supports a number of key draft recommendations in the Productivity Commission’s (PC) report into the $2.6 trillion superannuation industry which, if implemented, would save consumers $3.9 billion each year.

As more Australians invest their retirement savings in SMSFs, new research shows greater diversification of portfolios is needed, with only one in five advisers considering all their SMSF client portfolios well diversified.

BT has announced its flagship platform, BT Panorama, has passed $10 billion in funds under administration (FUA) securing its place as one of the fastest growing platforms in the market, while continuing to differentiate from heritage platforms.

In an address today at the 2018 Global Summit of Women, BT General Manager Superannuation, Melinda Howes highlighted that more support is needed when it comes to women and finances, with new research showing less than one fifth (18%) of women feel satisfied they are on track in preparing for their financial future.