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'Systemic Failure by Mercer Super,' ASIC Alleges, as It Takes $70b Fund to Court

Business · Australia

'Systemic Failure by Mercer Super,' ASIC Alleges, as It Takes $70b Fund to Court

67% Right coverage: 3 sources

Australia's corporate watchdog has launched legal action against superannuation giant Mercer, alleging the fund failed to report serious issues whereby they charged members insurance premiums after they had died, created member accounts without default insurance cover, and failed to process updates to member information.See the Story

ASIC Bans Former Next Generation Advice Adviser for Four Years

Australia · Australia

ASIC Bans Former Next Generation Advice Adviser for Four Years

ASIC has banned financial adviser Andrew Rankin from providing any financial services for four years.See the Story

Advisers Challenged to Confront Their Inner Blocks

Melbourne, Australia · Melbourne

Advisers Challenged to Confront Their Inner Blocks

Speaking to a packed room of financial advisers at the 2025 MDRT Annual Meeting in Miami, motivational speaker Kim Payne delivered a keynote urging advisers to recognise and overcome the three key barriers that prevent them from realising their full potential – indecision, inaction, and inhibition. Melbourne-based Payne began with a parable about a donkey […]See the Story

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