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APRA

24 June 2020 • By Sarah Kendell • 1 min read

APRA zeroes in on intra-fund advice, insurance

The prudential regulator has asked super funds for more detailed data on the giving of intra-fund advice and how member insurance arrangements have ...

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Commonwealth Bank in conflicted remuneration case

The corporate regulator has commenced proceedings against a major bank for breaching conflicted remuneration laws after more than $22 million was paid ...

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Fund managers to join activists in pushing for change

Fund managers will increasingly take on the role of activists in helping push for social change in the coming decade, a global asset manager has said

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ASIC imposes licence conditions on fund administrator

A custodian and fund administrator has had additional conditions imposed on its licence after it deposited money into unauthorised client bank ...

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Government confirms first recession in 29 years

The government has confirmed Australia will enter recession for the first time in almost three decades, with the economy contracting in the first ...

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Iress acquires OneVue

Australia's biggest provider of financial advice technology has announced it will acquire a major listed platform provider. In a statement, Iress ...

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Chinese financier stakes claim on Madison sale

Platform provider OneVue has conceded that a recent claim from a Chinese creditor regarding the collapse of Sargon could see a further court battle ...

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Linchpin directors cop 5-year ban

Three former directors of liquidated advisory firm Linchpin Capital have been banned from financial services for five years. In a statement, ASIC ...

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Real unemployment approaching 10%

Treasury has revealed to the Senate committee on COVID-19 that April’s unemployment figures could be much higher than indicated due to the large ...

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Up to 150 fund members affected by early release scam

The Australian Federal Police are investigating a fraud committed through the government's early release of super scheme where up to 150 super fund ...

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