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| | | Super Consumers Australia (SCA) is urging all superannuation funds to review their account handling processes in the wake of AustralianSuper refunding $70 million to approximately 100,000 members who held multiple accounts with the fund. Last week ... |
| | | | AustralianSuper will refund $70 million it overcharged 100,000 members after it failed to detect that they had multiple accounts. The country's largest superfund has self-reported itself to regulators after realising it overcharged current and former ... |
| | | | Piper Alderman and Omni Bridgeway have filed their class action against IG Markets, representing investors that lost hundreds of millions trading contracts for difference (CFDs). In October 2022, the two firms said they were planning an action against ... |
| | | | The federal government has delivered its second budget since coming into office last year, and as expected, cost of living support has featured prominently. So what has treasurer Jim Chalmers included in the 2023 federal budget when it comes to spending ... |
| | | | The federal government is clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision ... |
| | | | Australian Retirement Trust is reducing fees across a range of its investment options, including most indexed offerings. However, any savings will be offset by substantial increases in insurance premiums. The fund notified members that, from July 1 ... |
| | | | The government has commenced consultation on new draft regulations related to the Douglas decision, adding to the regulations introduced to parliament late last year. In November 2022, the government introduced legislation aimed at ensuring no veteran ... |
| | | | ... Bartlett and Miller preyed on church members, and while the two proclaimed their faith, they practiced lies and deception," SEC Los Angeles Regional Office director Michele Wein Layne said. "This action demonstrates our continued commitment to protecting ... |
| | | | Once again, Magellan Financial Group has experienced a drop in its total funds under management (FUM), falling a further $0.5 billion. It saw net outflows of $2.4 billion, comprising net retail outflows of $0.4 billion and net institutional outflows ... |
| | | | The embattled bank was closed by US regulators and sold to JPMorgan Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic ... |
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