Australia

Tax & Regulation | 23 Apr 15

Australia’s corporate and financial service regulator ASIC has ordered the Commonwealth Bank to contact up to 2,740 customers and give them A$5,000 for an independent review of their financial position after they received poor advice.

Companies | 16 Apr 15

Australia’s corporate, markets and financial services regulator said it is investigating multiple instances of financial services firms charging clients for advice where it was not provided.

Companies | 13 Mar 15

Isle of Man-based insurance giant, Friends Provident International (FPI), has launched a new financial planning proposition tailored to British and Australian expats to complement its non-Indian resident (NRIs) initiative.

Industry | 12 Mar 15

Thousands of customers invested in an LM Investment Management fund have received their biggest return since the collapse of the company.

North America | 10 Mar 15

Vanguard, the world’s largest mutual fund company, has announced senior management changes within its international group.