|ASIC said that common problems have been persistent in its review of superannuation trustees' PYSP communication with members, with some trustees failing to present facts and instead focusing on member and insurance retention.|
|Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC.|
|The ACCC has denied acting with impropriety in bringing criminal cartel charges against Citigroup and Deutsche Bank.|
|The Australian government is being urged to promote more foreign investment in Australia.|
|The Federal Court has ordered AMP to pay $5.175 million for failing to ensure its financial advisers complied with the best interests duty by engaging in insurance churn.|
|Global Merces Funds Management has come to an end as the financial services company is set to be wound-up.|
|Australians are not feeling supported by the retirement funding scheme, according to a report by Household Capital.|
|Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal.|
|New insights from Rice Warner claim product disclosure statements are weak in their ability to actually inform or protect consumers.|
|An alleged fraudulent investment scheme has targeted the Amish community in the US, with the Securities and Exchange Commission now bringing charges.|
Following its acquisition of a stake in Escala Partners, New York-based Focus Financial Partners is set to buy a slice of Melbourne-based MEDIQ Financial Services.
With the coronavirus, now dubbed COVID-19, impacting not only many lives, but now also the bottom line of some of the world's biggest companies, investors are chasing shorting opportunities to bank big on the pandemic.
A former chair of the SMSF Association has returned for another stint in the top job.
The chief executive of a $5.5 billion industry superannuation fund has spoken out against increasing the superannuation guarantee to 12% in a submission to the Retirement Income Review.
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