All posts tagged "best interests"
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212Australia & NZAustralia to Introduce Best Interests Duty for Mortgage Brokers
Under draft legislation released by the government, mortgage brokers that fail to act in the best interests of consumers will face fines of up to A$1.05mn.
August 27, 2019 -
420Australia & NZAustralia Accelerates Post Royal Commission Reform
Under the government's implementation roadmap, close to 90% of its remaining commitments will be implemented by mid-2020, and legislation for the rest will be introduced by end-2020.
August 20, 2019 -
317Australia & NZAustralia Begins ‘Poor Advice’ Civil Proceedings Against Westpac
ASIC has begun civil proceedings against Westpac for failing to take necessary steps to ensure fair and efficient financial advice by Sudhir Sinha, a former financial advisor responsible for the breaches.
June 18, 2018 -
315Australia & NZAustralia Royal Commission Finds AMP Repeatedly Deceived Regulator
Wealth manager AMP covered up for years a policy of charging customers fees for advice they never received; sought to influence “independent” review into the practice to protect executives.
April 19, 2018
