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Financial Planning

AFSLs can lose licence on CSLR intervention

BY KARREN VERGARA | WEDNESDAY, 7 AUG 2024 12:36PM

AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene.

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Federal Court approves AMP BOLR class action settlement

KARREN VERGARA | 12:38PM

The Federal Court has approved the $100 million Buyer of Last Resort (BOLR) class action settlement despite some participants objecting to it, calling for a larger payout and making AMP accountable for its actions.

VanEck to launch defence ETF

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Passive funds save $14.4bn in fees: Research

KARREN VERGARA | 12:26PM

The passive funds sector has saved investors $14.4 billion in fees for more than 25 years, according to a Vanguard analysis.

Nikko Asset Management to become Amova

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