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| | | Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ... |
| | | | The government has conceded to industry demands on administration fees and unlisted assets' treatment in the new APRA performance tests, as it finally releases draft regulation for the Your Future, Your Super reforms. It has agreed to include administration ... |
| | | | It's bad news day on Wall Street overnight with all four its benchmark equity market indices flashing red. The S&P 500, the DJIA and the Nasdaq dropped by 0.9% each, while the Russell 2000 had a smaller decline of 0.3%. The financial literati were ... |
| | | | The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ... |
| | | | ... new spending and ~$500M in new tax credits." So much money could flood the system and lift inflation. But have no fear, the Fed is here. In an exclusive, Reuters prints Fed Chairman Powell's letter to Senator Rick Scott that, "we are fully committed ... |
| | | | The $59 billion super fund has launched the responsible investment option Financial Standard revealed it was working on late last year, introducing one of the lowest cost SRI vehicles in the market. Rest's 1.7 million members will now have access to ... |
| | | | The federal government's debt levels soared 420% over the last 25 years, shifting Australia up two notches on the rankings of an index to 13 th place. According to the inaugural Janus Henderson's Sovereign Debt Index, the federal government ... |
| | | | The federal government has released draft legislation outlining the function of ASIC's Financial Services and Credit Panel as the single disciplinary body for financial advisers. The government is proposing the ASIC FSCP exercise the functions of ... |
| | | | The Federal Court has ruled that Mayfair 101 founder James Mawhinney cannot fundraise for or advertise financial products for 20 years. The judgement, delivered this morning, ordered that Mawhinney and any of his employees or any companies he is a part ... |
| | | | The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ... |
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