Australian advisers hit back at post-Royal Commission law
‘We are very concerned that rushed legislation may result in poorer outcomes for everyday Australians’
Australia
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Shareholders to sue Australia’s IOOF
As they claim to have suffered financial loss due to alleged corporate misconduct
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US wealth management group acquires Australian firm
Deal will expand the business’ international presence
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Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
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Australia’s NAB to shed wealth arm
But timeline remains uncertain
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Aussie banking group set to face another class action
Law firm alleges planning business failed to provide ‘objective financial advice’
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Adviser policy churning sees AMP hit with nearly A$5.2m fine
One financial planner’s conduct was described as ‘morally indefensible’ by the court
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AMP to reduce superannuation fees
To provide ‘highly competitive wealth solution to help with retirement’
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Australian financial advisory firm completes acquisition
Clients will continue to receive services from their current advisers
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Australians to sue over excessive life insurance premiums
They allege that a subsidiary of Commonwealth Bank pushed them into overpriced policies
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Five countries unite in global tax evasion crackdown
Cheats around the world ‘should be on notice that their days of non-compliance are over’
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Aberdeen Standard unveils ‘bionic’ advice tools in Australia
Partnership with local firm will deliver ‘better financial outcomes’ for clients