Permanent injunctions ordered against ‘ASX Wolf’ Tyson Scholz
The federal court has made permanent injunctions against finfluencer Tyson Scholz, who self-identified as the “ASX Wolf”, prohibiting him from conducting a financial services business in Australia.
April 13, 2023
Financial product registrations drive growth in March quarter: APIR
After a slow start to the calendar year, registrations of financial products during March saw the first quarter of 2023 finish 9 per cent higher than the five-year rolling average for the same period, at 199 product registrations, according to APIR.
April 13, 2023
ASIC berates YFYS test fund failures for poor member communications
The corporate regulator has pulled up super fund trustees who failed the Your Future, Your Super performance test for poor member communications. Amid increased regulatory and political pressure, the regulator has urged the trustees to improve the experience for Australia’s super fund members.
April 12, 2023
Overwhelming support for compulsory super: ASFA survey
Super fund members have shown “overwhelming” support for Australia’s compulsory super system, according to findings from a survey conducted by the Association of Superannuation Funds of Australia.
April 12, 2023
FPSB appoints chair
The Financial Planning Standards Board (FPSB) has appointed Ana Cláudia Akie Utumi as chair for a two-year term.
April 12, 2023
‘It’s been a substantial change’: The pros and cons of partnerships
Business growth is front of mind for advisers, but once critical mass is hit the ownership structure often needs to be re-visited. Partnerships that combine complimentary skills give those practices an edge.
April 11, 2023
Do superannuation fund members benefit from large fund size?
It is time to abandon ‘the size is good’ mantra that is helping drive a wave of merger activity among super funds in Australia. Focus should turn towards whether large and growing funds have effective operating models to succeed at scale.
April 11, 2023
Policy reform could offer 10 pc boost to retirement outcomes: FSC
Research by the Financial Services Council (FSC) shows has found policy reform focused on improving how Australians spend their superannuation savings would boost retirement incomes by 10 per cent each year, or by $397 billion by 2050.
April 11, 2023
MLC appoints experienced industry veteran as head of business development
MLC Life Insurance has appointed experienced industry veteran Peter Smith as head of business development.
April 11, 2023
Binance Australia Derivatives AFSL cancelled
ASIC has cancelled the AFSL of Oztures Trading in response to a request from Binance Australia Derivatives on Wednesday, 5 April 2023.
April 11, 2023
