Former Macquarie adviser cops lifetime banBY ALLY SELBY | THURSDAY, 13 FEB 2020 12:20PM
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.Read more: Macquarie Group, Westpac, ANZ, ASIC Financial Adviser Register, CBA, Macquarie Equities, NAB, Shaw and Partners, UBS Asset Management, Warren Scott Acworth
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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