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Regulatory

ASIC compensation skyrockets

KARREN VERGARA  |  THURSDAY, 9 MAR 2017
The amount of compensation ASIC collected in the second half of 2016 surged to $159.4 million from $13.4 million in the first half.

False ASIC licensing claims lead to closure

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2017
A Melbourne-based financial planner closed his website following an investigation by ASIC.

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
Commonwealth Bank of Australia's chief executive Ian Narev told a parliamentary inquiry this morning the bank made mistakes and still has a lot of work to do.

NAB chief promises greater accountability

KARREN VERGARA  |  MONDAY, 6 MAR 2017
National Australia Bank chief executive Andrew Thorburn pledged greater accountability and consequences for those who breach codes of conduct at the second round of the banking inquiry in Canberra on Friday.

Westpac faces lending practices breach: ASIC

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
The Australian Securities and Investment Commission is taking Westpac to the Federal Court for allegedly breaching home-loan responsible lending practices.

Super funds trawling eBay for legacy parts

ALEX BURKE  |  THURSDAY, 2 MAR 2017
FSC chief executive Sally Loane believes financial services laws are "locking down" the industry and consumers into out-dated products.

Australia missing golden export opportunity

ALEX BURKE  |  WEDNESDAY, 1 MAR 2017
The current withholding tax regime is severely stifling management of offshore funds, and by extension, the Australian economy.

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
Australians are missing out on thousands in retirement savings due to confusing superannuation products according to consumer advocacy group CHOICE.

ASIC bans Melbourne insurance broker

EMMA RAPAPORT  |  FRIDAY, 24 FEB 2017
Melbourne based insurance broker, Anthony Doring, has been permanently banned from providing financial services.

Super funds receive guidance on RG97

DARREN SNYDER  |  TUESDAY, 21 FEB 2017
Three industry associations have released a joint guidance note to assist superannuation funds prepare for ASIC's deadline on new fee and cost disclosure requirements.