The federal government is trying to make Australians more financially literate, but it’s using a definition that ignores many political, economic and cultural factors.
One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.
ASIC is telling CommInsure to do what it should have been doing all along. Let’s forget the past and mistreatment of customers, it’s paradise for firms that prey on the sick and dying.
Helen Anderson, The University of Melbourne; Ian Ramsay, The University of Melbourne; Jasper Hedges, The University of Melbourne, and Michelle Welsh, Monash University
A primary focus on prosecuting those who have committed illegal phoenix activities has not been successful.
Members of House Standing Committee on Economics should be asking the directors of Australia’s Big Four banks (not the CEOs) different questions, if they really want the right answers.
Businesses are trying to set up procedures to help whistleblowers, but better guidance, incentives and regulation are still needed, new research finds.
An ASIC report detailing how financial advice was paid for but not given by Australia’s big four banks exposes a culture problem that the government needs to deal with.
Just when we all thought that the Australian Securities and Investments Commission (ASIC) had already won the race to be most ineffective regulator of the year, up pops the Australian Prudential Regulation…
The large banks and AMP will be required to fund the establishment of a new independent body to oversee the professional standing of the much-criticised financial services industry.
Data on the outcomes of life insurance claims will not only help individual customers but also financial advisers and super funds acting on behalf of consumers.