Westpac
Westpac sells asset management arm to Mercer
Firms also agree a superannuation funds merger
Westpac superannuation subsidiary fined A$20m
For charging clients commission despite the practice being banned since 2013
Westpac agrees to pay A$113m penalty
After regulator alleges the bank charged advice fees to over 11,000 deceased customers
Aussie banking group handed A$10.5m fine
After its financial product advice was found to be in breach of the Corporations Act