David Valvo, the former financial adviser, amateur comedian and celebrity impersonator who stole $110,000 from clients, has been permanently banned by ASIC.
Jamie Williamson
 | Jamie Williamson is the editor of Financial Standard. Prior to this she was a senior journalist, covering wealth management including financial advice, superannuation and life insurance. Before turning to journalism, she worked in public relations, specialising in financial services. She has a Bachelor's degree in communications from the University of Newcastle. Connect with Jamie Williamson on LinkedIn. |
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A single person who rents in retirement will need almost double the superannuation balance of a homeowner, new research suggests.
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.
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 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.
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.
La Trobe Financial has been told by ASIC to stop offering three of its products, including an $11 billion fund
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.
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.
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".
