Banking giant settles class action for A$30m
After it was accused of ‘unfairly overcharging’ clients for life insurance products
Australia
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AMP denies CEO will step down
He has been at the helm of the Australian wealth giant for two years
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Would an exit levy help keep costs down for advisers?
It would mean financial institutions leaving the sector still contribute
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Aussie trade body wants to ban the term robo-advice
‘It is time to address financial product information being called advice when it is not’
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EU adds Dominica to tax non-compliance list
As it removes Barbados while the country undergoes a review by the OECD
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Is the Aon-Willis Towers Watson merger in jeopardy?
As second competition regulator expresses concern
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US investment firm withdraws bid for Aussie wealth giant
Financial services provider may be forced to sell its business in pieces
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Aussie network partners with Intelliflo
Deal ‘marks the beginning of a new era of advice tech’ for the country
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Westpac loses high court appeal over superannuation sales case
Decision provides ‘clear guidance’ on selling products ‘through direct approaches to retail clients’
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Aussie regulator bans financial adviser for three years
He ‘failed to provide’ advice in the best interests of his clients
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GWM rebrands as Skybound Wealth Management
As it plans Australia and Europe expansion
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Aussie regulator sues superannuation fintech firm
It claims provider made misleading statements in its marketing material about investing in property