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ASIC bans adviser who stole from super accounts
David Valvo, the former financial adviser, amateur comedian and celebrity impersonator who stole $110,000 from clients, has been permanently banned by ASIC.
Renting in retirement? You’ll need double the super
A single person who rents in retirement will need almost double the superannuation balance of a homeowner, new research suggests.
Dental and IVF drive surge in super withdrawals
The amount of money Aussies are taking out of super accounts to pay for dental and IVF treatments has jumped significantly in the year to June 30.
Rest pays $40k over misleading statements
ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have.
Macquarie to repay Shield victims – here’s when to expect it
Macquarie is heading to court with ASIC over its role in the Shield Master Fund collapse, but has committed to reimbursing investors' retirement savings by September 30.
Concentration of private credit sector a concern: ASIC
The nation's $200 billion private credit market could pose a systemic risk to many investors if a downturn were to occur, according to a new report from ASIC.
ASIC issues interim stop orders to La Trobe Financial
La Trobe Financial has been told by ASIC to stop offering three of its products, including an $11 billion fund
ASIC sues Mercer Super over ‘longstanding and systemic’ failures
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly.
Aged care reforms pushed to November
The government is delaying the implementation of the new Aged Care Act until November 1 following widespread concerns that stakeholders weren't given enough time to prepare.
Why TelstraSuper ditched merger with Equip Super
TelstraSuper says merging with Equip Super was "unlikely to achieve our objectives for the merger, in the best financial interests of the fund's members".