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regulation

02 July 2020 • By Lachlan Maddock • 1 min read

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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NAB targets top end of town

NAB will launch a banking and advice recruitment drive as part of a new strategy aimed at big spenders. NAB will recruit 50 new bankers and ...

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The bad old days aren’t behind us

Another market massacre could be on the way as earnings season approaches. While massive stimulus spending has supported markets through the worst ...

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ClearView appoints chair

ClearView Wealth has appointed a new chair and director to its board. The ASX-listed financial services provider stated independent non-executive ...

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HESTA names portfolio design head

HESTA has revealed its first head of portfolio design under its new investment leadership structure. Stephanie Weston has commenced in the role, ...

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UK-Australia passport to boost financial services

The first free trade agreement negotiated between Australia and the UK in over 40 years could see the creation of a passport-style regime allowing ...

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