MetLife unveils financial adviser platform in Australia
To help the industry which has ‘undergone an incredibly tumultuous couple of years’
Australia
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What does the future hold for Australian advice market?
‘Still a lot of B-grade advisers who don’t have the education, intelligence, experience or wit’
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Praemium bats back A$785m bid for its Australian business
But platform says it is ‘open to engagement at an appropriate valuation’
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Australian banking giant shuts down financial planning arm
Division will ‘cease providing advice services by November 2021’
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Aussie investment firm fined A$20m for misleading trust members
After it took ‘advantage’ of investors ‘whose interests it was duty-bound to protect’
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Couple launch legal bid against Aussie advice firm
‘Investments recommended to them may have been inappropriate for their goals and objectives’
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FE Fundinfo buys Aussie adviser tech provider
Deal will help ‘further support and meet the needs of the global investment industry’
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Blacktower obtains Swiss and Australian licences
This ‘further increases the reach and offering’ of its Nexus Global IFA network
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Aussie taxman cracks down on disguised undeclared foreign income
Residents deliberately concealing or omitting assets ‘will face substantial penalties’
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Iress M&A talks break down
Failed deal ‘in no way impacts’ the fintech company’s strategy to ‘accelerate growth’
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Aussie advisory group buys stake in financial planning firm
Deal ‘includes a cash component and capital funding for growth and future acquisitions’
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Fee disclosure failures see NAB hit with A$18.5m fine
Misleading statements ’caused harm to customers’ says regulator