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25 November 2019 • By James Mitchell • 1 min read

Dead Aussies charged fees due to ‘complexity’, says AMP CEO

The boss of AMP Australia has provided a one-word response for the reason why the embattled wealth manager continued charging Australians for life ...

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IOOF yet to cough up remediation

IOOF chief Renato Mota has disclosed the wealth giant is yet to start paying an estimated $183 million in remediation to its customers

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Westpac ‘truly sorry’ about failures linked to child sex abuse

The major bank’s chairman has said the possibility that any child has been hurt as a result of the bank’s failings is “deeply distressing”

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IFM tight-lipped on exec pay amid sexual harassment case

The CEO of IFM Investors has refused to talk about how much fund managers and executives are paid during a heated discussion before a parliamentary ...

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Westpac banks most wealthy customers out of big 4

New data has shown Westpac has the largest proportion of high-net-worth individuals (HNWs) out of the four major banks, with 35.6 per cent of its ...

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Westpac: Indifferent or incompetent?

Westpac can’t pretend this is business as usual. AUSTRAC is taking the bank to court for over 23 million alleged contraventions of money laundering ...

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NAB cops $49.5m class action settlement

NAB has settled a class action brought against it for its consumer credit insurance sales, agreeing to cough up $49.5 million. Law firm Slater and ...

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Can ScoMo have his surplus and spend it too?

Prime Minister Scott Morrison has brought forward infrastructure spending but refuses to open the fiscal floodgates. The delivery of a budget ...

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Investment management fees among the cheapest in the world

EXCLUSIVE The Australian head of a global asset manager says investment management fees paid by Australian super funds are among the cheapest in the ...

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KKR LIT begins trading on ASX after $925m raise

A listed investment trust that provides access to KKR’s global credit income capabilities has commenced trading on the ASX. The listing follows the ...

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