ASIC wants to ensure retail advice firms put processes in place to compensate their clients for losses suffered as result of advisor misconduct
Poor industry conduct has eroded the trust and confidence of investors
A separate ASIC report reviews conflicts of interest in in vertically integrated funds management businesses
Brookfield Asset Management, CPPIB and B.C. Investment Management are part of the initiative
National Australia Bank will be contacting clients who may have received non-compliant advice
The aim is to have firms set up remediation programs that are consistent and transparent
Unusual movements ahead of central bank announcements reflect lack of liquidity
ASIC says it will investigate spike in Australian dollar
Experiments provide valuable insights into how people make decisions
Bank employee received sensitive information from statistical agency