NEWS
EVENTS
LITTLE BLACK BOOK
JOURNALS
VIDEOS
FS ASPIRE CPD
LOG IN
CONTACT
SUBSCRIBE
Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW
Regulatory
Big banks pay $60m in advice refunds
BY ALEX BURKE  |  MONDAY, 22 MAY 2017   12:17PM
AMP, ANZ, CBA, NAB and Westpac have to-date repaid $60 million out of an estimated $204 million for charging clients for financial advice that was not provided.

LoginGo Premium

Read more: ASIC,  NAB,  ANZ,  CBA,  Westpac
VIEW COMMENT (1)
Related News
►
ASIC takes NAB to court
►
Banks return $1.2bn for bad advice
►
NAB hires new executive
►
ASIC extends olive branch to inside traders
►
ASIC takes action against Rest
►
ASIC zeroes in on bad SMSF advice, conduct
►
Westpac prioritises risk management
►
CBA guilty of deceptive conduct
►
Remains of Melissa Caddick found
►
ASIC to take targeted approach with PIP
Editor's Choice
Super fund halves admin fees
JAMIE WILLIAMSON  |   12:43PM
An $11.2 billion superannuation fund will halve its administration fees later this month.
Mercer joins net-zero club
ELIZA BAVIN  |   12:25PM
Mercer Australia has committed to achieve net-zero carbon emissions by 2050 for its Australian funds and the Mercer-managed investment options within Mercer Super.
Janus Henderson strengthens institutional team
ANNABELLE DICKSON  |   12:03PM
In a series of promotions, Janus Henderson Investors has appointed a new head of institutional business for Australia and head of consultant relations.
Super assets hit record high
KARREN VERGARA  |   12:39PM
The superannuation sector's assets reached a milestone of $3.04 trillion at the end of 2020.
Videos
Brought to you by
Get it Daily
Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.
SUBSCRIBE
Products
'Guide To' Series
Pocket investment guides featuring adviser case studies and a glossary.
MORE INFO ►
Publisher's Forum
Investing trends and strategies from the industry’s thought leaders.
MORE INFO ►
Product Showcases
Putting the spotlight on investment products that matter.
MORE INFO ►
Expert Feed
John Dyall
Head of Investment Research
Rainmaker Information
Cathy Doyle
Chair and Consultant
SUPER Recruiters
Howard Marks
Chairman
Oaktree Capital Management, LLC
Greg Kent
Partner
PricewaterhouseCoopers
Industry Events
MORE INDUSTRY EVENTS ►
MAR
4
Chief Economist Forum 
►
MAR
16
Advisers Big Day Out - Perth 
►
MAR
17
Advisers Big Day Out - Adelaide 
►
MAR
18
Advisers Big Day Out - Melbourne 
►
MAR
23
Advisers Big Day Out - Brisbane 
►
Your Opinion
MORE POLLS ►
  With Bitcoin jumping to new highs, do you think fund managers and superannuation funds should be allocating to digital currencies?
Featured Profile
MORE PROFILES ►
Justin Arter
CHIEF EXECUTIVE OFFICER
CONSTRUCTION & BUILDING UNIONS SUPERANNUATION
As chief executive of Cbus, Justin Arter heads a superannuation fund well positioned to survive the current wave of regulatory change. With just over six months under his belt, he shares his plans for the fund with Kanika Sood.
READ MORE ►
Professional Subscription for $295
(inc GST) for 1 year.
SUBSCRIBE
ACCESS MORE CONTENT
FS Advice
The Australian Journal of Financial Planning.
MORE INFO ►
Download the app
Premium subscribers can access even more content from Financial Standard.
Download on the Apple App Store
Download on Google Play
Latest News
Financial Standard
Free Newsletter
My Profile
Industry Events
CPD Program
Products
Research
Performance Tables
Journals
FSiTV
Copyright © 1992-2021 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something RvtPMFsQ