|The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds.|
|ASIC has banned a financial adviser who stole clients' superannuation savings.|
|The Australian Financial Complaints Authority (AFCA) is recruiting for a number of newly-created senior roles.|
|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 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.|
|Investors in the United Kingdom lost more than £27 million to cryptoasset and forex scams in the last year.|
|For the financial system to really improve, fairness needs to be embedded into financial institutions, according to ASIC chair James Shipton.|
|A former Kaz Capital adviser has been banned by ASIC for six years.|
|ASIC has initiated public consultation on the creation of new standards for financial firms handling consumer and small business complaints.|
|ASIC has launched three regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations.|
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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