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royal commission

25 results tagged royal commission:

AMP settles class action for $110m

AMP has paid $110 million to settle a class action relating to fee for no service scandals and misleading regulators, but claims no responsibility.

AMP and Dixon fined millions by Federal Court

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.

‘Long overdue’ update to banking royal commission

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".

70% of Aussies to change jobs this year

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.

$100 swim voucher for NSW kids: What you’ve 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.

ASIC sues AMP over $600k fees-for-no-service super debacle

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.

AMP sued for charging more than 2000 dead clients

ASIC is suing AMP for charging clients more than $500,000 for insurance and financial advice, even after being notified of their death.

The companies charging Aussies for refunds they are owed

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.

Consumer groups slam changes to lending laws

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 overcharged customers $2.2 million in interest

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.
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