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01 April 2021 • By Sarah Simpkins • 1 min read

Binary options banned for retail clients

ASIC has made a product intervention order banning the issue and sale of binary options to retail clients, after they were estimated to cause losses ...

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ClearView nabs former ANZ actuary

The listed life insurer has recruited a former chief actuary for ANZ Wealth as its new head of product and pricing. In a statement, ClearView said ...

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Ex-Challenger state manager joins Mason Stevens

Sydney investment management and administration firm Mason Stevens has moved on plans to expand its national footprint, hiring a new sales director in ...

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APRA moves against Macquarie

APRA has hit Macquarie Bank with liquidity and risk capital requirements in response to “multiple material breaches” of prudential and reporting ...

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ASIC takes big four bank to court

ASIC has commenced civil penalty proceedings against CBA, alleging that it charged millions in fees it was not entitled to.  ASIC alleges that ...

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De Ferrari to resign

AMP has named a replacement for boss Francesco De Ferrari, who will now retire from the role as the company completes its portfolio review

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Activist groups target investment giants on Adani

Human rights and environmental advocacy groups are pressuring mega investors such as BlackRock and JPMorgan Chase to cut ties with an Adani ...

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ASIC drops criminal charges against Caddick

ASIC has withdrawn its criminal charges against alleged fraudster Melissa Caddick, as the circumstances around her disappearance remain a mystery

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Wilson grills ASIC over super fund remediation

MP Tim Wilson has questioned ASIC on its lack of enforcement in the industry fund space, pointing to one fund’s apparent use of member contributions ...

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Vanguard targeted in bond scam

Vanguard has raised the alarm that its brand has been co-opted by scammers, in an attempt to lure victims via a fraudulent comparison website

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