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ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... media," ACCC deputy chair Catriona Lowe said. "Scammers are creating fake news articles and deepfake videos to convince people that celebrities and well-known public figures are making huge sums of money using online investment trading platforms, when ...

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... COVID Early Release Scheme." SMC chief executive Misha Schubert said the financial toll of the scheme would cost both the people urged to withdraw their super and all Australian taxpayers for decades to come. "In the early stages of the COVID pandemic ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... Delahunty. "Legislative constraints introduced in 2019 have created a situation where many Australians, including young people, are now without insurance cover, with the near complete lack of default TPD cover for those aged under 25 a concerning issue ...

MLC Life Insurance hires from Cbus

CHLOE WALKER  |  TUESDAY, 27 FEB 2024
... we create this crucial role." Meanwhile, Robinson said: "Throughout my career, I've focused on solving problems to help people. "Making sure customers are able to enjoy a great experience by accessing safe and simple systems is integral to the work of ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... arrangements and culturally adopted children as death beneficiaries. As previously reported by FS Sustainability, First Nations people are not properly supported when it comes to navigating industry identification verification processes to access financial ...

QIC names next chair

JAMIE WILLIAMSON  |  MONDAY, 26 FEB 2024
... further our own globalisation and client diversification strategies, and continue to create shared value for our clients, people and communities," QIC chief executive Kylie Rampa said. "I also pay tribute to Ian Martin, whose contributions since 2019 ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... of systemic approach to QAs that would bear accusation. So, I think that they will be quite careful to ensure that these people have the right set of incentives," she said. Super funds have been able to provide intra-fund advice since 2013 and as they ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... divisions: funds and platform services. "Throughout the review process we have been impressed by the quality of the IOPB people and client base. The ability to transition IOPB's clients to our existing platform technology will generate superior client ...

Five megatrends shaping financial services: McCrindle

CHLOE WALKER  |  FRIDAY, 23 FEB 2024
... Australia at the moment," McCrindle said. "The growth of Australia's population is phenomenal, having just hit 27 million people at the start of this year." McCrindle added that Australia is more culturally diverse than ever before. "Almost half ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... is that there are very few criminal convictions achieved in Australia for breaches of corporate law," he said. "For some people, Australia is a haven for white collar criminals." Bragg highlighted that data from the Commonwealth Director of Public Prosecutions ...