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| | | OpenMarkets has made a series of senior appointments as it prepares for an initial public offering. Naseema Sparks has been appointed chair, Andrew Rutherford and Paul Rayson are new non-executive directors and Bob Alexander is now executive director ... |
| | | | AIA Australia has joined forces with a digital estate planning and asset protection service Your Wills. AIA customers can access the service later in the year, creating their Wills online in nine steps. AIA Australia chief executive and managing director ... |
| | | | Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ... |
| | | | ASX-listed Raiz will pay $9.5 million to acquire a firm with a $70 million Choice superannuation fund. Raiz is set to buy Superestate, whose business includes superannuation, a residential property fund, and a property data platform. Under the deal ... |
| | | | ... completing a post doctorate at Western Sydney University on how the financial planning industry will need to adapt to changing customer needs. Last week, Ignition said it will expand into the UK market. It has recently reshuffled its leadership, including ... |
| | | | Suncorp will divest its wealth division to an industry fund, transferring $6.4 billion in assets under management and 137,000 members. LGIAsuper will pay $45 million for the acquisition of Suncorp Portfolio Services and will retain about 130 staff that ... |
| | | | ... new brand Abrdn builds on our heritage and is modern, dynamic and, most importantly, engaging for all of our client and customer channels. "It is a highly-differentiated brand that will create unity across the business, replacing five different brand ... |
| | | | ... is for "commercial gain". Providers do not effectively disclose that school-banking programs are linked to a broader customer-acquisition strategy, ASIC found, adding that young children are vulnerable consumers and are exposed to sophisticated advertising ... |
| | | | The bank has announced a $282 million hit to its statutory profit after an increase in customer refunds, software write-downs and accounting losses, ahead of its interim results. Westpac recorded $220 million in customer refunds, payments, associated ... |
| | | | A global quant-driven fund manager that won a mandate with Macquarie four years ago to oversee its liquid alternative strategy has folded. Swedish fund manager Informed Portfolio Management (IPM), which at its peak had about $6 billion (SEK40bn) of ... |
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