APRA takes action against IOOF
HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
APRA is seeking to impose license conditions on IOOF and disqualify several of the firm's executive leaders.
AFCA receives 500 super complaints in first month
HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
Australia's superannuation industry copped more than 500 complaints to the Australian Financial Complaints Authority in the body's first month of operation.
ASIC funding numbers released
HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
Investment managers and financial advisers were among the leading sectors responsible for funding ASIC last financial year.
Future Fund to manage new drought fund
KANIKA SOOD  |  TUESDAY, 4 DEC 2018
The Federal Government has introduced a bill to set up a $5 billion fund for drought-related spending that will be managed by the Future Fund Board of Guardians.
Celebrities cop $1m crypto fine
JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Boxing giant Floyd Mayweather and music producer DJ Khaled have become the first people to be charged by the US Securities and Exchange Commission for the unlawful promotion of initial coin offerings.
ASIC strips Melbourne firm of AFSL
KANIKA SOOD  |  MONDAY, 3 DEC 2018
The corporate regulator has cancelled the AFSL of a Melbourne-based firm that previously copped a $9 million fine for offering personal loans with the proviso customers implement financial advice from the firm.
CBA investigates possible privacy breach
JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
Commonwealth Bank confirmed it is undertaking an investigation into a potential privacy breach that may have seen sensitive medical information of CommInsure claimants accessed by employees in other departments of the bank.
APRA grilled over superannuation
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
APRA's handling of NAB and AMP fee for no service scandals were in the spotlight as chairman Wayne Byres was asked about the regulator's superannuation work in the final hours of the Royal Commission's public hearings.
Social media reacts to final Royal Commission hearings
HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
As the final round of Royal Commission hearings drew to a close this week, commentators took to twitter to have their say on the commission's outcomes, efforts of counsel assisting and performances of bank executives in the hot seat.
Royal Commission: And that is a wrap
KANIKA SOOD  |  FRIDAY, 30 NOV 2018
The public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon.
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