Aussie advice firm handed A$6m fine
Penalty ‘sends a strong message to financial services licensees to properly monitor’ authorised representatives
Australia
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STM unveils Australian superannuation service for UK expats
It will be available to people over the age of 55
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Global financial services firm seeks Asia wealth expansion
With a focus on hubs in Malaysia, Singapore and Australia alongside its head office in Hong Kong
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Digital investment platform launches in Australia
After it rolled out services in the US and Singapore
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Aussie regulator sues superannuation trustee firm
It alleges the company charged over A$4m in fees for no service
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LGT buys Aussie wealth manager for A$475m
Deal adds A$25bn AuM
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Aussie regulator sues banking giant
For allegedly misleading customers and failing to provide promised benefits for three decades
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Aussie regulator rolls out financial advice hub
It will help ‘industry participants reduce compliance cost’
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Westpac agrees to pay A$113m penalty
After regulator alleges the bank charged advice fees to over 11,000 deceased customers
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Manulife IM teams up with Aussie wealth firm
To develop retirement income solutions for retail investors across the country
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AMP agrees ‘A$40-45m’ redress deal with Aussie regulator
Firm commits to court enforceable undertaking to fix governance and risk management deficiencies
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Aussie bank exits life insurance market with A$524m deal
It will ‘continue to invest in the transformation and growth of its wealth management’ arm