Australia
Aussie life insurer to repay A$1.5m for hard selling
An Australian life assurance firm has been ordered to repay A$1.5m after the regulator found it was using unfair and high-pressure sales tactics.
How 75% of advice clients are let down by big Australian firms
An Australian report has found 10% of clients were left “significantly worse off” after advisers at vertically integrated firms inappropriately sold them their own products.
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.
Paradise Papers start to reveal their secrets
Australian tax authorities have begun combing through Paradise Papers and identified 731 individuals, according to a report.
Ex-financial planner given wrist slap for forgery
An Australian court has fined a former Commonwealth Bank of Australia (CBA) financial planner just A$3,000 for forging 33 documents but stopped short of recording a formal conviction against him.