Financial adviser banned after faking her qualifications
ASIC has slapped a permanent ban on a financial adviser who doctored her exam certificate and continued to provide advice without the proper qualifications.
Compensation scheme for financial misconduct victims begins
The new Compensation Scheme of Last Resort is set to pay out millions in coming years, including to former Dixon Advisory clients.
Super funds defend controversial weapons holdings
Several major super funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates.
Court finds Canna Campbell infringed ‘financial foreplay’ trademark
A court has found financial adviser and finfluencer Canna Campbell guilty of infringing the trademark 'financial foreplay'.
Government begins consultation on super tax changes
The clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in draft legislation.
AMP settles class action for $110m
AMP has paid $110 million to settle a class action relating to fee for no service scandals and misleading regulators, but claims no responsibility.
Melissa Caddick’s victims receive to first compensation payment
Melissa Caddick's victims are set to receive $3 million in initial compensation, a fraction of the $23 million she scammed from them.
Australian Super underpaid members by $2 million
Australian Super has had to repay members about $2 million, the second bungle to come to light recently from the nation's largest super fund.
Record 96,987 complaints lodged with AFCA
Australians have raised more issues with the financial ombudsman than ever, with investments and advice complaints growing fast.
Reform could see tax residency rules simplified
Changes to individual tax residency rules may include new tests aimed at preventing manipulation.