Oct 4 (Reuters) - Australian lender ANZ said on Friday it will pay a combined sum of A$99 million ($67.76 million) for the settlement of two class actions brought against it in 2020. The first class action was brought on behalf of persons who entered into car loans issued under ANZ's credit license between 2011 and March 2016, alleging flex...

Annuities have long been touted as a reliable way to generate income in retirement. But the upfront cost of an annuity can deter some people who believe they need a substantial net worth to make purchasing one worthwhile. While it's true that some annuities, especially those offering guaranteed lifetime income, require significant capital, there are other options available -- including...

(Reuters) - Australian lender ANZ said on Friday it will pay a combined sum of A$99 million ($67.76 million) for the settlement of two class actions brought against it in 2020. The first class action was brought on behalf of persons who entered into car loans issued under ANZ's credit license between 2011 and March 2016, alleging flex commissions were...

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