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IPO Wealth set for liquidation

03 July 2020 • By Lachlan Maddock • 1 min read

IPO Wealth set for liquidation

The “tourism mecca” may be no more as IPO Wealth has had liquidators appointed following a bloody court battle. Mayfair 101’s IPO Wealth declared ...

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Superannuation falls for the first time in 11 years

For the first time in over a decade, superannuation members have seen negative growth on their return for the financial year, new research has shown

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Investors urged to consider labourer safety

A shareholder advocacy group has called for investors to review the use of subcontractors in high-risk, frontline sectors during the pandemic, after ...

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Wealth manager cops fine for trading breaches

A global wealth management firm has been slapped with a $75,000 fine from the corporate regulator for breaching trading rules around on-market ...

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APRA slaps Suncorp trustee with imposed condition

APRA has issued directions and imposed a new license condition on Suncorp Portfolio Services after investigating a matter referred by the royal ...

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APRA imposes condition on Colonial First State

APRA has imposed a new licence condition on a big four bank’s superannuation business after a further investigation into a referral from the Royal ...

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Financial complaints up by 13.7%

Australian consumers have lodged 80,546 complaints in the last 12 months with the financial complaints authority, a 13.7 per cent increase ...

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AMP deemed sexual harassment incident ‘lower level breach’

The wealth group said it identified “lower level breaches” of its code of conduct from the new chief of AMP Capital and penalised him appropriately, ...

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JobKeeper withdrawal consequences ‘disastrous’

Withdrawal of the government’s JobKeeper scheme in September would be catastrophic for the economy given the COVID recession will be at least three ...

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AMP defends fee-for-no-service refunds into own products

A major wealth management institution has defended its decision to place client money refunded as part of its “fee-for-no-service” remediation program ...

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