The latest issue of Financial Standard now available as an e-newspaper
|Two directors of North Coast Financial Services, a former authorised representative of Millennium3, have copped a ban from the corporate regulator.|
|The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.|
|ASIC is suing several AMP entities over fees for no service charged to about 1500 corporate superannuation members.|
|Treasury and the Foreign Investment Review Board (FIRB) have released new guidance that will impact all foreign private capital investments in Australia.|
|Financial advisers will need to fork out an extra 27% to pay the regulator's industry funding levy for the 2021 financial year.|
|The Queensland Court of Appeal has dismissed an appeal by former property developer Craig Gore who was found guilty of defrauding self-managed superannuation fund investors.|
|The corporate regulator has opened consultation for the proposed ban to hawking of financial products.|
|The corporate regulator has released the internal dispute resolution (IDR) reporting documents including a data dictionary and glossary.|
|ASIC's criminal investigation into AMP's fee-for-no-service conduct related to its Buyer of Last Resort Policy has wrapped up, with the regulator and Commonwealth Director of Public Prosecutions determining no charges should be brought.|
|Despite the Reserve Bank of Australia being confident it's unlikely interest rates will enter negative territory, APRA is consulting on ADI's preparedness for such an event.|
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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