Australia
US wealth management group acquires Australian firm
Deal will expand the business’ international presence
Dearth of DB schemes to hurt retirees
As unsuitable transfers could mean up to £20bn in lost income over five years
Aussie banking group set to face another class action
Law firm alleges planning business failed to provide ‘objective financial advice’
Adviser policy churning sees AMP hit with nearly A$5.2m fine
One financial planner’s conduct was described as ‘morally indefensible’ by the court