The Australian Securities and Investments Commission has cancelled the credit licence of Money Choice Pty Ltd and banned its director, Matthew George, from engaging in credit activities for eight years. ASIC found that George advised some clients to set up a self-managed superannuation fund for the purchasing property when he was not licensed to provide such advice. He was also involved in organising loans from an unlicensed developer and failed to meet responsible lending obligations.Westpac plans to increase the number of financial advisers working in its bank branches, according to a report in the Australian Financial Review. Currently, the bank employs 557 advisers and has a further 564 aligned advisers. The paper quoted Westpac's group executive of retail and business banking, Jason Yetton, who said the bank was going after the A$100 billion of superannuation money that changes hands each year. "There's still a lot of customers who haven't had their wealth needs met," Yetton said.The bidding war between Perpetual and Equity Trustees over The Trust Company may prompt ANZ to sell its tustee division. The Australian Financial Review's Street Talk column reports that ANZ is considering cashing in on the increasing asset price of trustee businesses. According to the report, ANZ Trustees has earnings of about A$10 million a year.