Judge hits Westpac unit with $20M penalty over conflicted remuneration
Allens 2022-04-08 10:53 pm By Sam Matthews Melbourne
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A judge has signed off on a $20 million penalty against Westpac subsidiary BT Funds Management for improperly charging 9,000 members insurance premiums that included commissions to financial advisers, a practice that was banned in 2013.

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