AFCA secures $1.2bn in refundsBY CASSANDRA BALDINI | TUESDAY, 21 NOV 2023 12:21PMSince its inception, the Australian Financial Complaints Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Related News |
Editor's Choice
FAAA says super trustees should stump up for CSLR
The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme.
HESTA unveils new leaders for property, financial risk
HESTA has named a pair of general managers, who will be joining the $107 billion super fund, joining from Aware Super and QIC.
ASIC issues more stop orders amid private credit crackdown
ASIC has issued another stop order on a PDS offering units in three registered managed investment schemes.
Life CCC spots 10.6k breaches in FY26
The Life Code Compliance Committee has published its FY26 annual report, which saw over 10,600 breaches by insurers with close to 30,000 customers affected.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Cliff Man
CHIEF EXECUTIVE OFFICER
ETF SHARES MANAGEMENT LTD
ETF SHARES MANAGEMENT LTD
ETF Shares chief executive Cliff Man spent his career automating, building and challenging established systems. Now, he is betting that Australia's ETF market has room for something different. Vinny Vucago writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
