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This month will see six  reforms based on the royal commission recommendations come into action. 

However, this week also saw consumer activities Choice calling for signatories to petition for the Treasurer to do more and to move more quickly with the Royal Commission reforms.   

Choice said, “Last year, the government promised to pa...

By Kwame Slusher

Pure Strategy has lost its financial licence for failing to comply with general obligations.  Former financial adviser Frederick Steven Ackerman has been banned from for four years because they failed to act in the best interest in the clients between 2019 and 2021. 

The Dairy Farmers Milk Co-operative has paid $11 100 for failing to c...

By Kwame Slusher


Financial advertisements are an area that the Australian Securities and Investment Commission (ASIC) has its eye on. 

Earlier this year, ASIC commenced proceedings against Allianz Australia and AWP Australia for misleading behaviour around the sale of travel insurance. Similarly, Colonial First State found itself in the regulator...

By Kwame Slusher