The BIS urges central banks to adapt to digital payments; Labor Senator Deborah O'Neill calls for a probe into AMP over changes to financial adviser contracts; and Choice issues Covid-19 scorecards to banks, with some failing.
ASIC targets questionable pay structures at CBA's Colonial First State; banks, APRA and the federal government work on ways to avoid the impact of the September support cliff; and the FSU calls for CUA to reverse a planned pay freeze.
Insurance schemes and redefining risk pricing to define Covid-19 and climate change responses; AustralianSuper hits A$1 billion in early superannuation payouts; and consumer groups say a self-regulatory code for buy now, pay later is not enough.
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