AMP has paid $110 million to settle a class action relating to fee for no service scandals and misleading regulators, but claims no responsibility.
royal commission
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AMP will pay $14.5 million for charging close to 1500 super members fees for no service, while Dixon Advisory will pay $7.2 million for providing inappropriate advice.
Four years on from the banking royal commission, the final reforms will be introduced to parliament this week, a move financial services minister Stephen Jones says is "long overdue".
Seven out of 10 workers to change jobs, $3 billion paid for dodgy advice, card debt hits 18-year low. Here are five things you may have missed.
One in four Aussies robbed of super, and NSW offers bonus swim vouchers kids. Here are five things you might've missed this week.
AMP is in ASIC's sights once again, this time for charging 1540 super customers more than $600,000 for financial advice they did not receive.
ASIC is suing AMP for charging clients more than $500,000 for insurance and financial advice, even after being notified of their death.
First they were ripped off by banks and insurers. Now Aussies entitled to refunds are being targeted by companies promising to get them a refund - for a fee.
Australians will be exploited by predatory lending practices if the government goes ahead with its plan to relax lending laws next month, say consumer advocates.
CBA charged customers a higher rate of interest than what they had been advised, the Federal Court has found. And it happened 12,000 times.
