ASIC takes action against BTFM, Asgard, StatePlusBY JAMIE WILLIAMSON | THURSDAY, 20 AUG 2020 1:40PMASIC has commenced Federal Court proceedings against BT Funds Management and Asgard over fee-for-no-service conduct and making misleading representations in relation to the fees. It has also launched a similar case against StatePlus. Related News |
Editor's Choice
ASIC accuses Kalkine of providing unlicensed advice
|The regulator said it has concerns Kalkine's customer service representatives were providing unlicensed financial advice.
Super tax debate suffocates action for low-income Australians
|As politicians, industry groups, and financial experts spar over the $3 million super tax, which will only affect a fraction of Australians, another critical problem is being ignored.
Why emotions, cash derail good investments
|While we know that during turbulent times it is critical not to let emotions get in the way of investing, an investment expert and former policymaker says it is equally important to remain active and not lean in on cash.
ANZ Staff Super loses investment head
The staff superannuation scheme's investment head has resigned after less than a year in the role.
Products
Expert Feed
The gatekeeper fallacy: A critical analysis of financial advice regulation in Australia
The current regulatory framework for financial advice in Australia rests on a fundamental misconception that threatens both consumer protection and industry ...
How family shapes our financial futures
It doesn't take our 100+ years of collective wealth management experience to know that intergenerational wealth is a hard problem.
A tale of two conflicting PBRs
What happens if a spouse survives the death of the member but dies before payment has been made?
From red tape to results? DBFO's potential
With only around 15,480 financial advisers in the country at last count, and 800 Australians retiring every day, the profession is facing a severe shortage ...
Featured Profile
Liz McCarthy
CHIEF EXECUTIVE OFFICER, MLC EXPAND
INSIGNIA FINANCIAL LTD
INSIGNIA FINANCIAL LTD
Liz McCarthy has spent her whole life on the move, which has taught her invaluable lessons about life, work and always moving forward. Eliza Bavin writes.
