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| | | Three years after it first announced plans for a superannuation offering, Vanguard is now home to one of the cheapest MySuper products - a lifecycle solution that auto-adjusts 36 times. It was back in November 2019 that Vanguard's Robin Bowerman ... |
| | | | ... enforcing existing laws, including identifying greenwashing targets for enforcement action; contributing to proposed domestic law reform and guidance, "informed by our engagement with international and domestic stakeholders," and planning for the future ... |
| | | | A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice ... |
| | | | ASIC has banned former responsible manager of over-the-counter derivatives provider Sirius Financial, Mark Bringans, for eight years. Bringan's banning follows an ASIC investigation into the firm, which agreed to wind down its retail and wholesale operations ... |
| | | | After surging 28.6% between the pandemic low in September 2020 to a high in April, national property prices have fallen 6%, said AMP chief economist Shane Oliver. "The key drivers of the downturn remain: poor affordability, rising mortgage rates, some ... |
| | | | ASIC is appealing the Federal Court's ruling in its conflicted remuneration case against Commonwealth Bank and Colonial First State. The case related to the Essential Super product, with ASIC alleging the two entities breached conflicted remuneration ... |
| | | | The government has blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face ... |
| | | | ASIC has commenced civil penalty proceedings in the Federal Court against BPS Financial (BPS). The regulator alleged BPS made false, misleading, or deceptive representations and engaged in unlicensed conduct in relation to a non-cash payment facility ... |
| | | | Alva Devoy has resigned as managing director of Fidelity's Australian business after six years in the role. Devoy held the position since October 2016 and was with the business for a total of eight years. She will return to Europe, having spent ... |
| | | | First Sentier Investors has hired a high-profile responsible investment expert to a newly created ESG role. Kristen Le Mesurier will join First Sentier as head of ESG for the firm's Australian equities growth team. She starts on October 17 Le Mesurier ... |
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