Australian wealth firm sells advice and life arm
For A$2.5m and advisers will be able to keep working for the acquiring company
Australia
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Australian firm stops managed discretionary account services
Following imposition of tailored licence conditions by regulator
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Aussie regulator to take NAB to court over fees
Bank has set aside more than A$2bn for customer-related compensation
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ANZ wealth arm sale gets green light
After it was stalled by regulator last year over potential IOOF managers disqualification
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Aussie regulator bans cold calls for life products
Days after it won a court case against an insurance provider
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Australian life insurer fined A$700,000 for ‘hawking’
It used a telemarketing firm to cold-call clients
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Aussie life insurer to refund more than A$12m over phone sales
As it pleads guilty to 87 counts of offering to sell products via ‘unlawful’ and ‘unsolicited’ calls
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Australian financial complaints body unveils comparison tool
In a bid to ‘increase transparency and consumer education’
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Royal Commission case study sparks Asic court action
Adviser allegedly gave inappropriate ‘cookie cutter’ advice to clients to invest in ‘complex’ products
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Wealth tech firm acquires Aussie software company
It provides the UK wealth market with data analytics, client and performance reporting, and compliance
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Aussie regulator wins Westpac pensions cold calling case
Bank says it is ‘carefully considering’ the judgment
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Asic grants advisers three-year compliance scheme exemption
Follows government would accelerate plans for financial planning single disciplinary body