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ANZ sets up $30m compensation program for advice clientsBY LAURA MILLAN | THURSDAY, 16 APR 2015 12:40PM
ANZ will reimburse $30 million to clients of its financial planning business who did not get the annual reviews promised as part of the bank's advice and investment service.Read more: ANZ, Investment, Financial Planning, ASIC, Australian Securities, Clayton Utz, General, Investments Commission, Joyce Phillips, Prime Access services
The industry superannuation fund has completed its merger with WA Super initiated earlier this year and now has $135 billion in assets and one million members.
IOOF yesterday said it won't be pursuing an offer to buy its retail trustee Australian Executor Trustee business.
Despite the growing emphasis on sustainability and the mainstream nature of ESG considerations, investors are still struggling to find adequate data to inform their decisions.
The former head of advice for Shadforth has moved to Akambo Financial Group, a boutique dealer group with big growth plans.
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