|A large container ship being linked to J.P. Morgan Asset Management has been the subject of a US $1 billion cocaine bust in the United States.|
|Victims of Financial Fraud (VOFF) hit out at the Labor Party's treatment of the Trio fraud, claiming Australian politicians are "dishonest" when it comes to handling fraud conduct.|
|The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months.|
|The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC.|
|ASIC's review of the sale of consumer credit insurance has lambasted the sector for consistently failing consumers in the design and sale of products.|
|ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator.|
|The government announced it will extend the concessional tax treatment of genuine redundancy and early retirement scheme payments to those under age pension qualifying age.|
|A Sydney financial advice firm has had its AFSL cancelled by ASIC after an initial suspension period.|
|ASIC has opened consultation on its proposal to scrap the need for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence.|
|State Street has paid more than $125 million to settle charges for adding undisclosed markups on expenses related to the custody of client assets.|
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
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