Australia
Australia’s AMP faces court date over ‘rewriting’ policies
AMP Financial Planning is the second major Australian financial institution facing federal court proceedings after the regulator said it failed to protect clients from advisers improperly rewriting client policies.
Should Australia introduce a UK-style restricted advice model?
With the vertically-integrated advice model under fire and the cost of financial advice being more than the average Australian is prepared to pay, could a UK-style tied model be the solution?
Aussie bank faces landmark lawsuit over bad advice
Major Australian bank Westpac could face multi-million dollar fines after the country’s financial services watchdog commenced legal proceedings against it over allegations of poor financial advice provided by one of its former employees.
Bahrain apartment not enough to avoid Aussie income tax
A man who has lived and worked in the Middle East since 2009 has failed to convince an appeal court that he is a non-resident of Australia and therefore should not have to pay income tax.
Aussie Royal Commission: How did we get here and what’s next?
The Royal Commission has shaken consumer confidence in Australia’s wealth market to its core. For Michael Ohanessian, chief executive of Aussie platform Praemium, the key question is: “So, how did we get here?”