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| | | The Australian Financial Complaints Authority's (AFCA) annual review shows that in FY25, and for the second consecutive year, more than 100,000 complaints were lodged. In investments and advice, large scale collapses in the financial advice industry ... |
| | | | ... "He has also provided steadfast leadership through considerable change, including the COVID-19 pandemic, increasing regulatory demands, and ongoing global market volatility." Cameron also oversaw successor fund transfers involving the Dow Australia Superannuation ... |
| | | | ... management company by 2030." Providing an update on the CC Capital takeover, Hartley said the bid remains subject to several regulatory approvals. Insignia accepted CC Capital's bid in July to buy all of Insignia's shares for a value of $3.3 ... |
| | | | ASIC confirmed it permanently banned WA-based adviser Noel Northcott in April, over concerns it had around Northcott's involvement in the Noon Investment Fund and the Quant Fund, after a ruling by Administrative Review Tribunal (ART) allowed the regulator ... |
| | | | ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment ... |
| | | | ... have been impacted and working cooperatively with industry bodies and regulators, including ASIC, whilst the legal, regulatory and recovery processes continue." The reduction was included in a $772 million net market movement recorded by Praemium for ... |
| | | | ASIC has told private credit manager TruePillars to halt distribution of its product disclosure statements (PDSs) for two offerings. The interim orders prevent the fund from offering, issuing, selling or transferring interests in the Pooled Unit and ... |
| | | | ... and stability objectives with competition and efficiency considerations, for which it has nine actions to minimise regulatory burden. "In addition to the reduction of capital requirements for annuity products, the initiatives include introducing further ... |
| | | | ... However, this sector remains a priority for systemic risk assessment, reflecting both complaint trends and broader regulatory scrutiny," AFCA said. While no systemic risks were found, AFCA said there were recurring areas of concern. These included advice ... |
| | | | The Federal Court has dismissed ASIC's claims that a former Freedom Insurance director and staff member were engaged in shocking and harmful sales tactics. Judge Goodman did not accept ASIC's claims that former director Keith Cohen and quality ... |
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