All posts tagged "financial planning"
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511Australia & NZCBA has Complied with 2014 Financial Advice Licence Conditions
CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.
April 12, 2019 -
455Australia & NZAustralia Authorises New Financial Complaints Body
The Australian Financial Complaints Authority, going into operation on 1 November this year, will focus on complaints by consumers and small businesses against financial firms.
May 4, 2018 -
377Australia & NZCBA, ANZ to Pay Compensation for Missing Financial Advice Records
CBA and ANZ to pay $69mn and $36.4mn compensation, respectively, for failing to provide documentation of annual customer reviews.
April 16, 2018 -
710EnforcementCitibank Taiwan Fined for ex-Financial Planner’s Misconduct
Bank reported financial adviser to regulator and dismissed them after uncovering misconduct involving more than $3mn.
February 5, 2018 -
India
India Consults on New Measures to Curb Misselling
India’s government and various regulators are consulting the public on newly proposed recommendations by a high-level government committee to curb misselling of financial products.
September 22, 2015 -
Australia & NZ
Big Aussie Banks Refuse to Contribute to Compensation Fund
The big bank lobby is refusing to fund a "last resort" compensation fund for victims of financial planners that go bust, arguing that smaller companies should fund it themselves.
August 17, 2015 -
Australia & NZ
Australia Financial Planning Sector Reforms to be Announced in August
Reforms to lift ethics, education and professionalism in the scandal-ridden financial planning industry are set to be released in August.
July 4, 2015
