|The selling of superannuation products by ANZ branch staff has been called into question, with the Royal Commission suggesting the bank's practices are misleading and deceptive.|
|Wealth management firms have an opportunity to set the course around how they better deliver customer-oriented solutions following the Federal Government's release of draft legislation on the Consumer Data Right.|
|NAB initially reported a compensation bill of about $22 million less than what it actually owed to customers for plan service fees, as the corporate regulator was capping off a report on the matter in late 2016.|
|The Serious and Financial Crimes Taskforce has helped put two men behind bars for laundering money and evading tax.|
|National Australia Bank chief executive Andrew Thorburn took to social media yesterday to apologise on behalf of the group's 34,000 staff for failures identified at the financial services Royal Commission.|
|The Association of Financial Advisers told its members it met with the Minister for Revenue and Financial Services to air its concerns with the FASEA proposals on professional standards.|
|An insurance broker who stole from clients has been permanently banned from providing financial services.|
|Financial institutions outside the big four banks and AMP have been integrated into ASIC's fees for no service remediation programs, with total provisions likely to exceed $850 million.|
|The former chair of NAB's superannuation entities has denied MLC tried to bill other services in order to claim advice fees.|
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A new listed investment trust is offering SMSF investors an opportunity to invest in high-yield bonds, with an annual net distribution north of 5%.
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Financial advisers can't afford to ignore the Comprehensive Income Products for Retirement (CIPR) debate as it will affect all corners of the advice industry, a retirement solutions expert says.
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A $15 billion industry superannuation fund recently strengthened its governance, risk and project management capabilities, hiring eight new team members in the process.
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The sharp depreciation in many emerging market currencies this year to date is both a testament to funds flowing out of emerging markets and a forward indication of more downward pressure on their respective equity markets.
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