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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 review of Mr Chan’s emails found that he advised clients to opt out of MySuper, claiming that the My...