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| | | Maritime Super, which is soon to merge with Hostplus, has been hit with an infringement notice by ASIC over alleged misleading statements to members about its partnership with Hostplus. In a significant event notification and a newsletter sent to members ... |
| | | | The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties. A decision in the final of the six matters, all overseen by Justice Beach, was handed ... |
| | | | The AIST has announced the dual board appointment of the former federal treasurer and deputy prime minister alongside AustralianSuper executive Sarah Adams. Swan, the chair of Cbus, and Adams, the group executive strategy, reputation & corporate affairs ... |
| | | | BT Funds Management has been handed a $20 million fine by the Federal Court for continuing to charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions ... |
| | | | The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ... |
| | | | ASIC has started civil penalty proceedings in the Federal Court against Macquarie Bank Ltd over alleged failures to monitor third party withdrawals from customer accounts. The corporate watchdog said that limited monitoring by Macquarie of transactions ... |
| | | | Investment Trends will join forces with Finura Group to deliver quantitative research for clients who want deeper insights into financial services technology. The venture was prompted by recent Investment Trends research, indicating digital technology ... |
| | | | More than ever, financial advisers are turning to managed accounts to better take care of client funds, according to SPDR ETFs and Investment Trends most recent report. According to the research, more than half (53%) of financial advisers are now using ... |
| | | | Experienced financial advisers that have yet to gain a bachelor's degree or equivalent are caught in the middle of a political maelstrom promising an easier education pathway. With both major parties announcing significant changes to adviser qualifications ... |
| | | | A life insurance startup is launching an alternative option that targets customers who want to cancel their policy. iExtend partners with policyholders by paying the premiums of the co-owned cover. Policyholders are able to maintain their cover and ... |
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