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Government to create ASIC, APRA regulatorBY ANNABELLE DICKSON | THURSDAY, 24 JUN 2021 11:06AM
The government has passed legislation that will see the establishment of an independent body that will review the effectiveness of both the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA).Read more: FRAA, ASIC, APRA, Australian Prudential Regulation Authority, Hayne Royal Commission, Financial Regulator Assessment Authority Bill, Joseph Longo, Senator Andrew Bragg, Treasurer Josh Frydenberg
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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