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ASIC chair steps aside pending pay reviewBY JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR | FRIDAY, 23 OCT 2020 1:11PM
ASIC chair James Shipton has stepped aside pending the outcome of a review into his remuneration arrangements.
Read more: ASIC, James Shipton, Australian National Audit Office, Catherine Armour, Daniel Crennan, Danielle Press, Karen Chester, Sean Hughes
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AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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