Former CBA subsidiary fined $1.71m after charging dead people fees - Sydney Morning Herald

A total of 499 dead members were charged almost $700,000 in adviser service fees by Avanteos Investments Limited.

In the written judgement published on Wednesday morning, Judge Wraight said that in early 2016, Avanteos senior management became aware that disclosure documents were defective, but they did not upda… [+2245 chars]

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