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17 April 2020 • By Sarah Simpkins • 1 min read

Court throws out QSuper, fund manager appeals against AFCA

The Federal and Supreme Courts have dismissed the appeals of QSuper and a boutique fund manager against the financial complaints authority, after both ...

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Libra crypto gets revamp

A global cryptocurrency from one of the world’s largest software companies has undergone sweeping changes after drawing the ire of regulators

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Out of the frying pan, into the fire

COVID-19 will exacerbate some of last year’s most dangerous trends, and the forecast “recovery” could be anything but. Prior to our new normal, ...

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Sovereign wealth fund reinstalls board members

The Future Fund has extended the tenures of two of its members on its board of guardians. Carolyn Kay and Dr Jane Wilson have kept their seats on ...

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AFCA appoints investments, super lead ombudsmen

The Australian Financial Complaints Authority (AFCA) has locked in heads from MLC Life and a national superannuation law practice to be its new lead ...

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BlackRock bites back at bailout claims

The world’s largest asset manager has hit back at suggestions it might profit from government contracts amid the global market crisis

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Investment platform records over double trading volume amid crisis

Platform provider Xplore Wealth saw roughly two to three times its normal level of trading in March, as investment managers repositioned their ...

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Government, APRA press super funds for quick early redemptions

The Morrison government has backed the prudential regulator’s guidance given on Thursday, setting the expectation for superannuation funds to make the ...

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IOOF shutters NZ business

IOOF has retired its Kiwi business, with its chief saying the move is part of the group’s greater simplification plan. The group has entered into ...

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Unemployment rises, but we haven’t seen the worst

Unemployment increased in March and is expected to soar in the months ahead as the full impact of the lockdown becomes clear. The unemployment rate ...

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