The latest issue of Financial Standard now available as an e-newspaper ASIC secures $160m in remediation over junk credit insurance BY ALLY SELBY | THURSDAY, 14 MAY 2020 12:23PMASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. Read more: ASIC, Karen Chester, ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB, Suncorp-Metway, Westpac |
| | KANIKA SOOD IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services. | KARREN VERGARA Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform. | | | KARREN VERGARA PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight. | BENJAMIN ONG Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this. |
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