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Westpac settles life insurance class actionBY ELIZABETH MCARTHUR | WEDNESDAY, 28 APR 2021 12:38PM
Westpac has settled a class action relating to life insurance sold through its financial advice network.Read more: Shine Lawyers, Westpac Life, Bank of Melbourne, Westpac Group, BT Advice, Jan Saddler, St George Bank, ASX, Australians, BankSA, Federal Court
AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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