Consumers have been warned about investment scams, with authorities explaining how they tend to originate and how they can be avoided.
Most stock market investors had reason to smile during the 2016-17 financial year, with the Australian market making double-digit gains.
The financial services regulator has taken legal advice on whether financial advisers can claim to be ‘independently owned’.
Australia’s funds management industry has almost $3 trillion of funds under management, new data has revealed.
Australia’s stock market has lost ground over the past month, although it has still posted reasonable returns over the past year.
Five financial institutions caught up in a financial advice scandal have so far coughed up tens of millions of dollars in refunds and interest.
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