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Junk insurance lands Westpac in courtBY KARREN VERGARA | THURSDAY, 8 APR 2021 12:19PM
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums.
Read more: ASIC, CCI, Westpac, Bank of Queensland, Bendigo, Citigroup, Commonwealth Bank, Karen Chester, Latitude Finance Australia, NAB
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The Golden Rules of Commercial Property Investment
IOOF has appointed ClearView's chief risk officer to a newly created role, with ClearView nabbing the former chief of risk for Commonwealth Bank's wealth management arm.
Verve Super has launched a gender diversity index and will subsequently change how it allocates members' funds based on how Australian companies perform against the index.
Plenary has bolstered its funds management business, nabbing seven professionals who all worked on one AMP Capital fund.
The corporate regulator is fighting tooth and nail to make National Australia Bank pay a hefty penalty for charging customers fees in return for no service.
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