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| | | Several directors of Linchpin Capital Group and Endeavour Securities, both of which are now in liquidation, were slapped with a combined $390,000 penalty by the Federal Court for breaching their duties. Last April, the court found that Ian Williams ... |
| | | | Senator Andrew Bragg has called for new reforms aimed at safeguarding retail investors as superannuation funds increase their ownership stakes in Australian public companies. In an opinion piece for The Australian, Bragg proposed broadening the Takeovers ... |
| | | | 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 ... |
| | | | Once again, Financial Standard readers were captivated by the evolving superannuation landscape, with this year's top stories largely focused on this space. However, there was one particular executive move that simply couldn't be scrolled past. ... |
| | | | While there are good indications that Melissa Caddick's victims will recoup most of their funds, the lawyer spearheading the latest class action believes that SMSF clients should get all their money back. Michael Chapman, a director at Melbourne-based ... |
| | | | The UK government is proposing major changes to make financial advice more accessible and affordable to everyday people as only 8% of consumers call upon the services of financial advisers. The Financial Conduct Authority (FCA) is looking to rollout ... |
| | | | Research by CoreLogic suggests the Australian housing market is heading towards an inflection point, with the rate of growth in home values becoming more diverse but generally weakening. According to the research, commissioned by NAB for its December ... |
| | | | The SMSF Association has ripped apart the Association of Superannuation Funds of Australia's (ASFA) assertion, which is based on ATO sample data, that less than 1% of SMSFs with balances over $3 million have farm-related income. The government has ... |
| | | | Almost nine months on from a cyber breach that saw member data taken, the $14 billion super fund will have to contend with additional licence conditions as it looks to remedy "significant deficiencies" in its cyber controls. As first reported by Financial ... |
| | | | Top Mercer executive Corrin Collocott has quit the firm after just nine months to join an insurer. His sudden departure has left many scratching their heads since Insurance Australia Group has just $12 billion of assets under management. The investment ... |
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