Australia
People Moves | 19 Jul 16
PEOPLE MOVES: Aegon, UK and Australia governments
Aegon UK’s chief financial officer is to depart, while both the UK and Australian governments have announced further political manoeuvring following the Brexit referendum and Australian national elections.
LMIM investor group exploring UK legal options
An investors group for victims of the LM Investment Management collapse is looking at the feasibility of bringing legal action in England & Wales, as well as other jurisdictions.
Best Practice | 1 Jul 16
New professional standards for Australian advisers welcomed
A revised professional standards framework for financial advisers and planners in Australia has been welcomed by the Association of Financial Advisers (AFA) and Financial Planning Association (FPA), but further improvements could be made.
Structured Products | 28 Jun 16
Australian adviser sues former employer for $1.5m bad advice
An Australian financial planner is suing his former employer Westpac Institutional Bank for A$800,000 ($591,704, £444,479) on the grounds that his colleagues gave him bad advice about investing in structured financial products.
Australia’s JBWere cuts adviser commissions
Australian financial advisers JBWere, a unit of National Australia Bank (NAB), plans to revamp its remuneration structure and cut adviser commission rates in line with changes in the domestic and global regulatory environment.