Winners of Aged Care Adviser awards announced
Bruce Baynes and Alteris Financial Group are the winners for this year's Aged Care Steps 'Aged Care Adviser of the Year' award.
December 21, 2022
Court rules against finfluencer ‘ASX Wolf’
The Federal Court has found the finfluencer that named himself the "ASX Wolf", Tyson Scholz, contravened the Corporations Act by carrying on a financial service business without an AFSL.
December 21, 2022
Kyle Brown Wealth Management joins Count
Count Financial has added Kyle Brown Wealth Management to its national advice community.
December 20, 2022
Credit insurance charges dropped against CBA
Criminal proceedings against the Commonwealth Bank regarding credit insurance have been dismissed due to the underlying criminal charges falling outside the statute of limitations.
December 20, 2022
Government to abolish Administrative Appeals Tribunal
The Labor government will replace the Administrative Appeals Tribunal with a new administrative review body after claims it has been stuffed with Liberal staffers appointed with no merit.
December 16, 2022
FSC updates super fund claims handling guidance
The Financial Services Council has released an enforceable standard for handling group life insurance claims in superannuation which will replace the previously voluntary guidance.
December 16, 2022
ASIC takes civil penalty action against Firstmac for DDO breach
ASIC has commenced civil penalty action in the Federal Court against non-bank mortgage lender Firstmac for alleged breaches of the Design and Distribution Obligations.
December 16, 2022
Mine Super and TWUSUPER explore merger
Industry funds Mine Super and TWUSUPER have entered a preliminary non-binding Memorandum of Understanding to explore the possibility of merging.
December 16, 2022
APRA releases updated heatmap; 6 products marked underperforming
There are six products that have “significantly poor investment returns” over the past eight years in the latest APRA MySuper Heatmap release.
December 16, 2022
AustralianSuper partners with US private capital firm
AustralianSuper has announced a new partnership with Churchill Asset Management, with an initial instalment of US$250 million ($373 million), intended to grow substantially over time.
December 16, 2022
Robin Bowerman retires from Vanguard
The head of Vanguard’s corporate affairs group, Robin Bowerman, is retiring after 19 years at the organisation.
December 15, 2022
Finder subsidiary sued by ASIC for running crypto product without AFSL
ASIC has commenced civil penalty proceedings in the Federal Court against Finder Wallet for allegedly providing unlicensed financial services, breaching product disclosure requirements, and failing to comply with Design and Distribution Obligations concerning its crypto-asset-related product, Finder Earn.
December 15, 2022
