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22 May 2017 • By Larissa Waterson • 1 min read

Poor advice compensation edges up to $204m

The major banks’ compensation bill for victims of poor advice has increased to $204 million, according to ASIC’s latest update on its ‘fee for no ...

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Macquarie enters EU with ASIC for FX breaches

The corporate regulator has accepted an enforceable undertaking from Macquarie, following an investigation into issues in the bank’s wholesale foreign ...

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Former ASFA boss joins Decimal board

Pauline Vamos, former chief executive of the Association of Superannuation Funds of Australia (ASFA), has been appointed as a non-executive board ...

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Super to become ‘hyper-personalised’: Bravura

Superannuation funds are in the process of collecting “unprecedented” amounts of member data that will be used to create hyper-personalised services, ...

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‘Managed account platforms’ dismissed as spin

The major financial institutions’ recent uptake of separately managed accounts on their investment platforms will not provide the promised benefits to ...

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Most retail investors undiversified: ASX

Almost half of Australian retail investors claim to be diversified, according to a new ASX report – but a look at their portfolios tells another story

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Liquidnet acquires OTAS Technologies

Institutional trading network Liquidnet has announced the acquisition of analytics platform OTAS Technologies. Liquidnet, a block trading venue ...

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New associate for Right Click Capital

Sydney-based venture capital firm Right Click Capital has announced the appointment of Ulric Ferner as an associate. Mr Ferner, who joins Right ...

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Mine Wealth + Wellbeing appoints directors

Industry fund Mine Wealth + Wellbeing, formerly Auscoal, has appointed Deirdre Wroth as the independent director of its trustee board, as well as ...

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BT cuts Asgard cash rate

BT Financial Group has cut the interest rate it pays on cash held on the Asgard platform by 12 basis points. The declared interest rate paid on the ...

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