Material weakness in super funds, insurers exposed
KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds.
ASIC bans adviser over super theft
ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
ASIC has banned a financial adviser who stole clients' superannuation savings.
AFCA seeks to strengthen leadership
ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
The Australian Financial Complaints Authority (AFCA) is recruiting for a number of newly-created senior roles.
FCA stokes intergenerational wealth debate
HARRISON WORLEY  |  THURSDAY, 23 MAY 2019
The Financial Conduct Authority published an intergenerational wealth discussion paper in the hopes of igniting debate over how the financial services industry should respond to the nation's shifting demographics.
APRA flexes new muscles
HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
APRA has invoked its new powers for the first time, directing IOOF and its superannuation entities to implement and maintain an Office of the Superannuation Trustee (OST) within the group or risk facing a financial penalty.
Crypto scams bite UK
HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
Investors in the United Kingdom lost more than £27 million to cryptoasset and forex scams in the last year.
Fairness key to meaningful change: Shipton
HARRISON WORLEY  |  MONDAY, 20 MAY 2019
For the financial system to really improve, fairness needs to be embedded into financial institutions, according to ASIC chair James Shipton.
Former Kaz Capital adviser banned
ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
A former Kaz Capital adviser has been banned by ASIC for six years.
ASIC to strengthen complaints handling
ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
ASIC has initiated public consultation on the creation of new standards for financial firms handling consumer and small business complaints.
ASIC pushes regtech adoption
ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
ASIC has launched three regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations.
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