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| | After ignoring an Australian Financial Complaints Authority (AFCA) determination, which was then escalated to the Federal Court, NextGen Financial Group is now in the process of winding up. WJ & V Drakoulis Super, the trustees of the SMSF that sued ... |
| | | NAB will pay $2.1 million in a fine issued by the Federal Court over knowingly overcharging customers certain fees and failing to tell them. The court has ordered the bank pay the penalty for continuing to charge periodic payment fees it knew was not ... |
| | | Despite talk of another inflation surge and more interest rate hikes, Pendal's Oliver Ge doesn't think we're returning to the 1970s any time soon. In an update, Ge said any talk of a second wave of inflation and fresh interest rate increases on the ... |
| | | Goldman Sachs has appointed the former treasurer as the chair of its Australia and New Zealand (ANZ) business. In the new position, Frydenberg will focus on further deepening and strengthening client coverage across the ANZ region. He originally joined ... |
| | | The government has published its draft legislation and is seeking feedback on its proposed reforms, which aim to strengthen the integrity of the tax system and regulators' powers in response to the recent PwC scandal. The new legislation outlines changes ... |
| | | The Financial Accountability Regime (FAR) passed the upper and lower houses of parliament yesterday, more than four years after it was first introduced. The Financial Accountability Regime Bill 2023 will apply to the banking industry six months after ... |
| | | ASIC is suing Westpac for neglecting more than 200 customer hardship requests over seven years, for which the bank blames "technology failure". ASIC commenced civil penalty proceedings in the Federal Court, alleging that Westpac failed to respond to ... |
| | | The federal government is consulting on proposed superannuation legislation that will enshrine an objective to "preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way." The Superannuation ... |
| | | ... been mostly closed to new issuance since 2022. "The absence of competition means we're in a fabulous position. With the Fed raising rates, both existing and new investors benefit directly," Kasser explained. Further, she highlighted that today's ... |
| | | Australian retirees continue to face cost pressures as historically high consumer price inflation drives up the price of everyday items, driving both the Association of Superannuation Funds Australia (ASFA) and Super Consumers Australia (SCA) to increase ... |
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