The latest issue of Financial Standard now available as an e-newspaper
| | TUESDAY, 13 APR 2021 12:11PMThe founder of Goldsky Investments has been charged with engaging in dishonest conduct and operating a financial services business without a licence.|
|The chief executive of the UK's Pensions Regulator believes climate change will be more catastrophic to populations' way of life than the COVID-19 pandemic if no action is taken.|
|The Federal Court has imposed a $7 million penalty on Commonwealth Bank for charging higher interest rates on business overdraft accounts than what it advised its customers over a four-year period.|
|Investment scams robbed Australians $65 million last year and are tipped to lose up to $100 million in 2021.|
|ASIC has banned the sale of binary options to retail clients, effective from 3 May 2021.|
|Following multiple breaches to prudential and reporting standards, the Australian Prudential Regulation Authority (APRA) has hit Macquarie Bank with increased liquidity and operational risk capital requirements.|
|The corporate regulator has commenced civil proceedings against Commonwealth Bank over allegations it wrongly charged monthly fees to customers over a nine-year period.|
|ASIC has dropped all 38 charges it was pursuing against missing woman and self-proclaimed financial adviser Melissa Caddick.|
|ASIC has released three legislative instruments to regulate advice fee consents and lack of independence disclosures, as part of the government's response to the Royal Commission.|
|ASIC's court action against Mayfair 101 has been successful, with the Federal Court finding its advertisements for debenture products were misleading.|
| | |
While the events of 2020 showed superannuation funds manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) has said.
| | |
Challenger's multi-boutique business will distribute the $54 billion Impax Asset Management's sustainability strategies in Australia and New Zealand.
| | |
Nearly 20 years after ETFs started trading in Australia, their total assets crossed $102 billion at the end of March.
| | |
A new report finds that it is possible for financial advisers to attract young clients and convince them about the benefits of advice and life insurance using new strategies.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|