The new Compensation Scheme of Last Resort is set to pay out millions in coming years, including to former Dixon Advisory clients.
Karren Vergara
 | Karren Vergara is a financial journalist with Financial Standard, covering wealth management, including superannuation, banking and financial planning. She is one of the hosts of the Financial Standard Podcast. Prior to becoming a journalist, Karren was an accountant for more than 10 years. She has a diploma in journalism and Bachelor's degree in business, both from UTS, and was named Financial Journalist of the Year at the 2025 Impact Awards. Connect with Karren Vergara on LinkedIn. |
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Several major super funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates.
A court has found financial adviser and finfluencer Canna Campbell guilty of infringing the trademark 'financial foreplay'.
The clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in draft legislation.
AMP has paid $110 million to settle a class action relating to fee for no service scandals and misleading regulators, but claims no responsibility.
Melissa Caddick's victims are set to receive $3 million in initial compensation, a fraction of the $23 million she scammed from them.
Australian Super has had to repay members about $2 million, the second bungle to come to light recently from the nation's largest super fund.
Australians have raised more issues with the financial ombudsman than ever, with investments and advice complaints growing fast.
Changes to individual tax residency rules may include new tests aimed at preventing manipulation.
The federal government is vowing to cut red tape and allow Aussies to access financial advice through their super fund in a massive shake-up of the industry.
