A new independent KiwiSaver comparison platform that ranks providers with a "social good score" places Westpac's Cash Fund and Cpp fund at the top of the 'defensive' and 'aggressive' categories. Fund get points for avoiding investments in, for example, fossil fuels; and gain points for investing in companies that are ranked high for ethical behaviour and good environmental, social and governance policies as well as for their own transparency and use of specialist ethical investment research. Worst rated funds included those offered by BNZ and AMP. Milford Asset Management came out top overall. Comparison site Finder says more than a third of bank customers who took up their bank's offer of an increased credit limit over the past five years later regretted it. Finder says its research found just over half of those it surveyed who increased their credit limit did so following an invitation from their bank. ASIC's ban on credit card limit increase invitations came into force in July. ASIC has commenced civil penalty action against Dover Financial, and its founder Terry McMaster (who famously collapsed in the witness box at the Hayne royal commission). The financial advice firm closed shortly after McMaster's dramatic April appearance before the commission. ASIC alleges Dover misled and deceived clients over its 'client protection policy', which the regulator claims contained false and misleading representations; created a significant imbalance between Dover's rights and obligations and those of clients; and sought to avoid liability for poor financial advice. McMaster told Fairfax Media he would countersue ASIC. ASIC has permanently banned an unlicensed financial adviser, Senen Pousa, from providing financial services or engaging in credit activity. Pousa, the former director of Investment Intelligence Corporation, charged between A$3000 and $5000 for access to product recommendations via webinars and his website. The recommended product is one which resulted in significant losses to investors and is the subject of criminal charges in the Netherlands by Dutch fiscal police, ASIC said.