|A law firm has approached the Treasury with concerns the reforms made to the Australian Financial Complaints Authority after the Royal Commission are flawed and need urgent amendment.|
|ASIC has cleared ANZ of the $50 million fee-for-no-service misconduct connected to its Prime Access offering.|
|Commonwealth Financial Planning has complied with ASIC's court enforceable undertaking regarding fees for no service conduct and said it will transition to a new business model.|
|The Law Council of Australia has scolded ASIC, after deputy chair Daniel Crennan warned the financial services industry not to waste the regulator's time.|
|A ponzi scheme run by a 22-year old out of a college fraternity house in the United States has copped the regulator's ire.|
|APRA expects superannuation funds to do the right thing by members when recovering the costs associated with implementing the Protecting Your Super reforms.|
|The US Securities and Exchange Commission has adopted a package of rules to protect retail investors from financial advisers who put their self-interests first.|
|Macquarie's securities business has paid a $300,000 penalty for contravening market integrity rules, the corporate regulator said this morning.|
|ASIC's new intervention powers - which ultimately aim to protect retail clients - will impose significant regulatory and compliance obligations on product issuers and manufacturers, lawyers warn.|
|Maurice Blackburn today filed a class action in the Federal Court suing UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan.|
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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