WESTPAC BANKING CORPORATION
ABN 33 007 457 141
Wealth Update
March 2017
Brian HartzerChief Executive Officer
Investing in the wealth opportunity
Investments and insurance are a strategic priority Starting from a position of strength Scale supports investment Significant investment now moving to commercialisation2
Supporting customers through their life
Starting Out
15-25
Working25-44
Pre-retiree45-64
Retiree65+
Spend on financial services by a family through their lives ($ per annum)Insurance
Investments (incl superannuation) Banking
37%
11%
Lifetime 52%
spend
15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90
Age
Source: BT internal estimates. Data based on theoretical couple on an average salary commencing work at 16, retiring at 65 and living to 90. Insurance includes home and contents and Life/TPD (not motor vehicle or health). 3
BT Financial Group
Serving customers through their life
Brad Cooper
Chief Executive, BT Financial Group
4
Westpac Banking Corporation published this content on 23 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 March 2017 04:45:09 UTC.
Original documenthttp://ir.iguana2.com/westpac/news-item?S=WBC&E=ASX&N=1005532
Public permalinkhttp://www.publicnow.com/view/65C62DBF86AF8838CFBFD88B1976BDE31EFF2378