Business

CommInsure report an indictment on the whole industry

Nick Bishop couldn't claim on his policy

It's the dirty secret CommInsure and the rest of the life insurance industry has been protecting for years: the ability to sell dud policies that contain outdated medical definitions that no one will pay out on. They can do this – and they do – because it doesn't breach the law.

Slater and Gordon expected to avoid collapse

Slater & Gordon's has suffered a backlash from shareholders over its pay packages.

Financially distressed listed law firm Slater and Gordon is expected to avoid collapse after confirming that its new senior lenders are supportive of a restructure of the company.

A few bad apples? It's a dodgy adviser orchard

This clearly isn't a few bad apples but an orchard.

A report into the financial planning arms of the big four banks and AMP found 185 planners were "dishonest, illegal, deceptive and/or fraudulent" in their dealings with customers.

'Wake up call' - report rips into banks on planners

Peter Kell, deputy chairman at ASIC, has criticised the banks.

Australia biggest banks are taking up to six months to notify the corporate watchdog when they find misbehaving advisers and frequently fail to properly check the background of the financial planners they employ.

NAB sailing the RBA winds to profit

NAB chief executive Andrew Thorburn: Hats off for smart PR by throwing in a "special" for first-home buyers.

If the Reserve Bank and National Australia Bank were competitors, the consumer watchdog could have a case against them for price signalling.

Bellamy's shares hit hard on China roadblock

The news comes months after Kathmandu co-founder Jan Cameron took control of Bellamy's Australia.

Only a matter of months after Jan Cameron took control of Bellamy's Australia, the company has run into roadblocks in the key China market, with the loss of sales to see earnings take a hit from the start of 2018.

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