Australia’s big banks pay out A$120m for bad advice
NAB splashed the most cash at A32.4m for cases which involved a record number of 81 financial advisers
Australia
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Aussie government to ban grandfathered commissions
In the latest blow to the financial advice sector
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Just one in five wealthy Australians rely on financial advice
Over half only seek confirmation on their investment decisions
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Aussie regulator eyes life insurance cold calling ban
After clients are pushed into buying complex products they don’t need, want or understand
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UK insurer not taking no for an answer on scuppered AMP deal
Resolution Life pursues completion of ‘excellent opportunity’ despite regulatory troubles
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Rogue Aussie adviser jailed for 10 years
Convicted of stealing nearly A$5m and ‘other dishonesty offences’
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Aussie financial advisers join rating agency fundraiser
They make up 65% of those who have donated to help the campaign smash its target
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Australian financial planning firm to open in Dubai
First overseas office will target Aussie expats across the Gulf region
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MetLife partners with Aussie advice industry to support women
Association of Financial Advisers and insurer set up professional development grant to attract talent
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Wealth manager bolsters western Australia operation
As Fiducian Group acquires retail financial planning arm of a Tasmania-based business
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Aussie government to tackle inactive superannuation accounts
Pots under A$6,000 will be transferred and consolidated to avoid ‘fee erosion’
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Canaccord Genuity bolsters Australia operation with wealth deal
Acquisition will help the firm become an ‘increasingly stronger competitor’ in the country