|ASIC has suspended the AFS licence of a Queensland-based financial advice practice over concerns it was not meeting its obligations as a licensee.|
|AFCA ombudsman Shail Singh has addressed common adviser concerns regarding the authority's introduction of legacy complaints.|
|A financial adviser in the US will spend the next 22 years in prison after he defrauded his own family out of millions.|
|Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option.|
|APRA says its new enforcement approach goes beyond taking stronger action earlier, clarifying when and how it will publicise the actions it takes.|
|The US regulator has charged a financial advice firm that defrauded former professional NFL players who had joined a class action against the league seeking compensation for brain injuries suffered during their careers.|
|Treasurer Josh Frydenberg announced the government will introduce a best interests duty for mortgage brokers and seek to reform broker remuneration.|
|The corporate regulator has given the Australian Financial Complaints Authority the green light to name financial services companies and superannuation funds in its determinations.|
|ASIC banned the director of a firm allowing people to illegally access their superannuation early to buy a home.|
|ASIC will review the progress of transition away from grandfathered conflicted remuneration arrangements for financial advisers.|
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through the Senate yesterday.
Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator.
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