Stronger Super News Today

According to outgoing APRA chair, the evidence is clear that size in the super sector “helps deliver better member outcomes”. In his last official speech as APRA chair, Wayne Byres, reflected

APRA has granted the multinational index giant an RSE licence. APRA has granted Vanguard Super Pty Ltd, a trustee of Vanguard Super, a registrable superannuation entity licence, it announced on Fr

CBA’s wealth and superannuation business is set to face a class action claiming it caused “substantial losses” to 100,000-odd members, with hearings to potentially commence from April. A class

CBA’s wealth and superannuation subsidiary is set to face a class action claiming it caused “substantial losses” to 100,000-odd members, with hearings to potentially commence from April. A cla

Date Time Former Australian Unity financial adviser banned for five years ASIC has banned Christopher Chan, a former authorised representative of Australian Unity Personal Financial Services Limited, from providing financial services for five years. The banning follows an ASIC surveillance, which found that Mr Chan sent misleading and deceptive emails about superannuation to some clients in 2016. ASIC found that in doing so, Mr Chan contravened section 1041H of the Corporations Act. ASIC’s re...

Regulator slaps ex adviser with four-year ban Regulator slaps ex adviser with four-year ban The corporate regulator has banned a former aligned adviser from providing financial services for four years after he allegedly provided misleading information to fund members around super rollovers. A A In a statement, ASIC said it had banned former Aon Hewitt Financial Advice representative Andrew Hills following surveillance from 2014 to 2017 that found Mr Hills had allegedly authorised misleading le...

Print Former Aon Hewitt authorised representative Andrew Hills has been banned by the Australian Securities and Investments Commission (ASIC) for four years for allowing misleading and inaccurate letters about MySuper opt-outs to be issued to some Aon Master Trust members. The banning followed surveillance between 2014 and 2017 by the corporate regulator which contravened section 1041H of the Corporations Act. ASIC found that: The letters contained incorrect information, like the past performa...