Australia
AMP subsidiaries fined A$14.5m over fees for no service
Over 1,400 clients were charged for financial advice they didn’t receive
Australian advice trade bodies eye merger
To provide a ‘united voice and stronger advocacy’ to their members
Aussie investment firm sold to rival group for A$2.5bn
They will merge to create a ‘global leader in multi-boutique asset management’
Net profit drops 25% at AMP
Bank is ‘entering its next era as a significantly simplified group’
Ex-financial adviser banned in Australia
Following a conviction for dishonest conduct and providing forged documents to the regulator