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ASIC
People and Products
A second superannuation fund has received an infringement notice from ASIC over alleged greenwashing, this time related to a social media post by the fund, following earl...
Financial advice
ASIC has banned Terence Rio Nugara, director of Skynet Financial Services, for obtaining $1.6 million from misleading clients and enabling the early release of superannua...
SMSF
A former Sunshine Coast adviser has been sentenced after pleading guilty to nine counts of fraud totalling $625k by withdrawing funds without authorisation from his clien...
Superannuation
ASIC had banned Gold Coast-based director Darren Thomas Edden-Brown for eight years for promoting and helping consumers access their superannuation early to buy a home or...
SMSF
ASIC has acted against 11 SMSF auditors for breaches of their obligations, including seven disqualifications. ...
Superannuation
ASIC has issued a warning to trustees of MySuper funds which twice failed the performance test that they need to be more member-centric in their communications....
Superannuation
A ban on Jeneve Matai, head of advice for the superannuation team at National Advice Solutions, has been refused by the Administrative Appeals Tribunal. ...
Superannuation
The corporate regulator has reiterated its commitment to addressing greenwashing in the superannuation industry since launching court action against Mercer Super last mon...
Insurance
Superannuation trustees have been urged to “commit to a thorough analysis” of their life insurance offerings following an ASIC review....
Superannuation
Five of Australia’s largest superannuation funds could be exposing themselves to legal risk by failing to “effectively engage” with companies expanding fossil fuels, acco...
Superannuation
Mercer Super could be the first of several greenwashing investigations, according to ASIC commissioner Danielle Press. ...
Superannuation
Christine Betty Childs has received an eight-year ban for carrying on an unlicensed financial services business in recommending clients to buy property through their supe...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...