Industry
Australian bank to pay millions in advice compensation
The Commonwealth Bank of Australia (CBA) has been rapped for more advice failings and is expected to pay nearly A$2m (£1.15m, $1.6m, €1.3m) in compensation to clients of five former advisers.
Mifid II exposes ‘charging grubbiness’ of top 20 funds
Some of the biggest names in UK retail are charging investors nearly double the ongoing charges figure (OCF) of their funds, Mifid II regulations have brought to light.
SJP Singapore poaches chief exec from Nexus
St James’s Place Wealth Management Asia has recruited Nexus Financial Services’ chief executive Gary Harvey to head up its Singapore business.
Advisers shunned as clients seek life insurance online
Australians are increasingly turning to online research and rejecting advisers when buying life insurance, a survey has found.
Shakira latest superstar targeted by Spanish taxman
Colombian pop singer Shakira is under investigation for tax evasion, joining the likes of Cristiano Ronaldo, Lionel Messi and Jose Mourinho who have all fallen foul of the Spanish tax authorities.