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| | FRIDAY, 5 MAR 2021 12:43PMThe former financial adviser, who has previously worked for Westpac, Fortnum Private Wealth and Libertas Financial Planning, was charged with 16 offences related to fabricating evidence with hopes ASIC would stop looking into him.|
|Just days after taking action against Rest, ASIC has alleged Statewide Super charged insurance premiums to members who didn't hold group cover.|
|The corporate regulator has commenced civil proceedings against the industry superannuation fund for misleading members in relation to voluntary rollovers.|
|Every aspect of the aged care system is plagued by complexity and systemic problems that puts the most vulnerable at risk, the landmark inquiry found in its in final report.|
|ASIC has commenced civil proceedings against CommSec in the Federal Court.|
|Financial advisers will now need prior written consent each year from clients before deducting fees, while funds from Eligible Rollover Funds must now be reunited with members within 28 days.|
|A foot in a shoe has been identified as belonging to missing woman Melissa Caddick, the woman who claimed to be a financial adviser and is the subject of an ongoing ASIC investigation.|
|The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years.|
|The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback.|
|The ACCC has flagged concerns over Aon's proposed merger with Willis Towers Watson (WTW), throwing a spanner in the works for the two companies.|
Rest has appointed a new general manager of superannuation and retirement solutions, hiring from NGS Super.
The US is betting that a combination of the stimulus package and COVID-19 vaccinations will lead to full economic recovery by the end of the year, according to a leading economist.
Challenger's multi-boutique business has partnered with a Japanese asset management giant in a two-way relationship.
ASIC has hit financial advisers with the news that levies will increase by the equivalent of 160% over two years, with industry bodies outraged.
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