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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
Life insurers will take on more risks and shun safe-haven assets in a bid to bump up returns in 2022.
AMP has appointed a new head of portfolio management for its troubled multi-asset group (MAG), hiring from Pendal.
A new study shows close to 80% of institutional investors and wealth managers are now looking favourably upon cryptocurrencies, citing strong capital growth and diversification benefits.
American Century has launched a global small-cap fund targeting Australian wholesale investors.
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