Zurich inks 20-year distribution deal in Australia
After closing acquisition of local insurance firm
Australia
-
-
Aussie insurance group closes wealth advice arm
After it was unable to meet licence conditions
-
Aussie law firm officially files class action against AMP
It is seeking compensation for fund members who paid ‘unreasonable fees’
-
AMP to face one million customers in class action lawsuit
Two superannuation fund trustees accused of failing in their legal duty
-
Aussie regulator bans director of 14 failed financial firms
The companies were placed into liquidation between 21 August 2014 and 8 September 2015
-
Aussies lost A$500m to scams in one year
Investment fraud alone netted criminals 34% more in 2018
-
Australian insurance firm targets young professional market
The newly-unveiled life insurance solution will be offered through the company’s advisers
-
Citigroup to shell out over A$3m for bad advice
Structured products resulted in losses for 114 retail customers – with over 1,000 still trapped
-
Royal Commission sparks Aussie wealth manager lawsuit
Law firm said ‘management must have known that its conduct was risky legally and reputationally’
-
Aussie bank sells advice arm to financial services subsidiary
It has also sold another wealth business to an accountancy practice
-
Aussie regulator tightens licence conditions of two advice firms
Request to make investment decisions on behalf of clients raised red flags
-
Australia moves to shut down grandfathered commissions
Advisers have a month to respond to a consultation