ANZ to slash jobs across advice business

ANZ is set to gut its wealth management division in an attempt to save costs, with hundreds of jobs on the chopping block across its advice and retail businesses.

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More than 230 jobs will be cut in the move, according to the Finance Sector Union (FSU).

“ANZ has made a number of changes in recent years to simplify our wealth business, including the sale of our insurance business, our aligned dealer groups, and our pensions and investments business,” an ANZ spokesperson told sister publication ifa.