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, 2018CBA and ANZ to pay $69mn and $36.4mn compensation, respectively, for failing to provide documentation of annual customer reviews.
April 16, 2018Bank reported financial adviser to regulator and dismissed them after uncovering misconduct involving more than $3mn.
February 5, 2018India’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, 2015The 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, 2015Reforms to lift ethics, education and professionalism in the scandal-ridden financial planning industry are set to be released in August.
July 4, 2015