AMP pays $24m fine for charging deceased customers
The Federal Court has ordered AMP Financial Planning and AMP Life pay a monetary penalty of $24 million after proceedings brought against it by ASIC.
May 19, 2023
MLC Life penalised $10m for misleading customers
The Federal Court has ordered MLC Life Insurance pay a $10 million penalty for failing to pay promised benefits, resulting from a lack of appropriate systems to administer its insurance policies.
May 19, 2023
Saxo amends TMDs following ASIC stop orders
ASIC made eight interim stop orders on 16 May 2023, preventing Saxo Capital Markets (Australia) from issuing some new Contracts for Difference to retail clients because of deficiencies in their Target Market Determinations.
May 18, 2023
Qantas Super CEO/ASFA director appointed as inaugural AGC chair
Qantas Super CEO and Association of Superannuation Funds Australia director Michael Clancy has been appointed as the inaugural chair of the Australian Governance Council.
May 18, 2023
MyNorth wins Chant West innovation award
AMP North retirement solution MyNorth Lifetime has won fund innovation of the year at the Chant West 2023 Super Fund Awards.
May 18, 2023
Vanguard re-shuffles exec team amid Aus retail business change
Vanguard Australia has made several appointments to its executive team, combined its two retail direct businesses (superannuation and non-superannuation), and expanded its product division.
May 18, 2023
Insignia Financial appoints super & risk executives
Insignia Financial has appointed Anvij Saxena as chief risk officer, while Mark Oliver has been appointed head of super.
May 18, 2023
Tyndall AM launches investment fund
Tyndall Asset Management has launched the Australian Small Companies Fund, which invests in a diversified portfolio of approximately 25-70 Australian small-cap companies that Tyndall AM believes are undervalued.
May 17, 2023
ACSI releases voting system to promote gender balance on boards
The Australian Council of Superannuation Investors has released a new voting policy to promote gender balance in Australia’s listed company boardrooms.
May 17, 2023
Govt announces anti-scams centre
The federal government has announced the establishment of a cutting‑edge National Anti‑Scams Centre (NASC) as part of an $86.5 million package.
May 17, 2023
TAL launches Insurance Academy for super fund partners
Life insurer TAL has launched the TAL Insurance Academy, a learning and development platform that provides its superannuation fund partners with access to on-demand education and training.
May 17, 2023
Foresters Financial adds veteran super CIO
Financial services company Foresters Financial has appointed Michael McQueen as chief investment officer.
May 17, 2023
