Australia
Aussie regulator bans cold calls for life products
Days after it won a court case against an insurance provider
Australian life insurer fined A$700,000 for ‘hawking’
It used a telemarketing firm to cold-call clients
Aussie life insurer to refund more than A$12m over phone sales
As it pleads guilty to 87 counts of offering to sell products via ‘unlawful’ and ‘unsolicited’ calls
Australian financial complaints body unveils comparison tool
In a bid to ‘increase transparency and consumer education’
Royal Commission case study sparks Asic court action
Adviser allegedly gave inappropriate ‘cookie cutter’ advice to clients to invest in ‘complex’ products