The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 31 - 40 of 218 results for "Scam"

ASIC cracks down on scammers

CHLOE WALKER | MONDAY, 4 MAR 2024

The corporate regulator says it has shut down about 3500 investment scam websites since July 2023 to protect Australians from digitally enabled misconduct. According to ASIC's latest enforcement and regulatory update, it has secured almost $60 million ...

Financial services 300x more likely to get hacked: Expert

CHLOE WALKER | FRIDAY, 23 FEB 2024

... if that's the case, then you can relate to the fact that you might lose that diamond if you lost all their data through a scam or a hack," he said. As such, he said advisers should start treating client data as a 'precious gemstone'. "You certainly wouldn't ...

SMSF scammers charged with criminal offences

KARREN VERGARA | WEDNESDAY, 7 FEB 2024

A duo who allegedly defrauded self-managed super funds (SMSF) have been charged by the Melbourne Magistrates Court with a string of criminal offences. The charges follow an ASIC investigation into the activities of Joseph Cullia and Zoran Markovic ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN | TUESDAY, 9 JAN 2024

... single year, reflecting a 23% increase from the previous year's figures. This escalation was driven by an alarming rise in scam-related and financial hardship complaints. AFCA registered 8987 complaints related to scams, up 95% from the previous year ...

AFCA amends consumer compensation caps

KARREN VERGARA | TUESDAY, 9 JAN 2024

The Australian Financial Complaints Authority (AFCA) has revised the maximum amount consumers can claim for compensation. As of 1 January 2024, the maximum compensation amount a complainant can apply for is $1.263 million, which was previously $1.085 ...

Macquarie Wrap rolls out new features for advisers

ANDREW MCKEAN | TUESDAY, 9 JAN 2024

Macquarie introduced new digital features and security enhancements on Macquarie Wrap, including account-level performance reporting and a live chat function in Adviser Online. The platform's updated account-level performance reporting functionality ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI | THURSDAY, 7 DEC 2023

... will reduce the harm caused by scammers posing as 'fin-fluencers', with investment scams representing over 60%of all scam losses so far this year," he said. "Access to good advice can be key to helping Australians manage cost of living pressures." ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI | TUESDAY, 21 NOV 2023

... environments for financial firms and their customers following the global pandemic, rising interest rates, a sharp escalation in scam activity and significant natural disasters. "We have dealt with hundreds of thousands of cases over the past five years ...

Sterling Income Trust executives charged

CHLOE WALKER | MONDAY, 6 NOV 2023

... Theta managing director Robert Patrick Marie for four years from the financial services industry for his involvement in the scam. The following year, a senate committee handed down an inquiry report into the SIT and urged ASIC to take more action in ...

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON | TUESDAY, 22 AUG 2023

... sticky taping them to authorisation forms, to illegally obtain as much as $750,000. Interestingly, Valvo was the victim of a scam himself during this time. In 2019 Valvo told A Current Affair how he lost $50,000 through a fake trading platform. According ...

PAGE:

Funds SA appoints chief investment officer

ANDREW MCKEAN

Funds SA has appointed a new chief investment officer, who will join from Hostplus, to commence in February 2025.

Australian Retirement Trust appoints new chief risk officer

ANDREW MCKEAN

Australian Retirement Trust (ART) has appointed a new chief risk officer that's set to start in March 2025.

UniSuper has 'some work to get on with' on cyber front: Chair

JAMIE WILLIAMSON

UniSuper's leadership team has touched on how the fund is strengthening its operations following the extensive system outage in May this year.

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA

Lax superannuation laws make it too easy for perpetrators of domestic violence to access victims' retirement savings, while the current framework for self-managed super funds (SMSFs) enables financial abuse to flourish, a parliamentary inquiry found.

Videos

Brought to you by

Entering a new era

Confidence guaranteed

Under the hood

Gearing up

Recipe for retirement readiness

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Jenny Taing

Principal Solicitor

KHQ Lawyers

'Chameleon ETFs': Still groundbreaking and here to stay?

It was coined as a 'gamechanger' - an ETF that can be bought and sold on the ASX or Cboe Australia but that can also be applied for, and redeemed, directly ...

READ MORE

Robert Talevski

Managing Director

Activam

Tailored or off-the-shelf: What's right for your practice?

In the ever-evolving landscape of wealth management, financial advisers and investment professionals are faced with a multitude of choices when it comes ...

READ MORE

Nathan Robertson

Chief Executive Officer

Alvia Partners

Five principles for successful family office investing

At the time of writing, Australian public companies were at the end of another round of reporting their half-yearly financial results. For investors and ...

READ MORE

Robert De Dominicis

Chief Executive Officer

GBST

Mistaking financial literacy for retirement literacy

Many are unclear about how to transition from working life to retirement, particularly regarding their retirement savings and the options available to ...

READ MORE

Industry Events

MORE INDUSTRY EVENTS

DEC

Advisers Big Day Out - Adelaide

Featured Profile

MORE PROFILES

Kellie Wood

HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED

Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.

READ MORE