Aggregators

The financial group has been sold to a subsidiary of one major bank as details of the sale are finally released

The bidding period for the aggregation firm has been finalised with a number of parties expressing interest

The Combined Industry Forum has come up with a reform package containing six principles in response to the ASIC broker rem review

The company has also experienced a solid year of growth including increasing its total trail book to $66bn

Administrators will look at the parent firm and 13 subsidiaries, in a move the group says will not affect the aggregation side of the business

The move will come as a blow to a leading non-bank lender which has had its acquisition bid slammed as “inadequate”