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Showing 1121 - 1130 of 18914 results for "Act"

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... class action at the High Court of New Zealand where FNZ is domiciled, claiming the board breached the New Zealand Companies Act 1993 by approving the capital raises. The litigants claim the conflict began with a series of undisclosed constitutional changes ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
ASIC fired a stern warning to superannuation funds about "passing the buck" to financial advisers and shedding responsibility for overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to ...

Perpetual to launch fixed income active ETF

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
Perpetual is readying to launch an actively managed fixed income ETF in early August. The Perpetual Diversified Income Active ETF (ASX: DIFF) will be an actively managed diversified portfolio of liquid, mainly investment-grade credit securities, with ...

Bennelong boutique shuts up shop

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUL 2025
Just two months on from shuttering its flagship fund, Touchstone Asset Management has closed its doors. As first reported by Financial Standard, the boutique wound up the Touchstone Index Unaware Fund in May. This was largely due to the low funds under ...

Mulino sits on Tranche 2 for now, grapples with complexity

KARREN VERGARA  |  WEDNESDAY, 30 JUL 2025
Minister for financial services Daniel Mulino says releasing the next exposure draft for the "complex" second tranche of Delivering Better Financial Outcomes (DBFO) reforms is a top priority, but the financial advice sector should not expect it anytime ...

Former adviser charged over clients' near $1m loss

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
... yesterday on six charges of dishonest conduct in relation to a financial product, contrary to s 1041G of the Corporations Act and one charge of the same offence committed by proxy, ASIC said. The charges allege Cuthbertson made a series of dishonest ...

RBA cut all but certain: Experts

ELIZA BAVIN  |  WEDNESDAY, 30 JUL 2025
... trends in CPI and the labour market continue to ease. Investors looking to lock in high fixed rate returns in bonds should act quickly as yields are likely to continue to head lower."

T. Rowe Price brings research equity strategy down under

MATTHEW WAI  |  WEDNESDAY, 30 JUL 2025
The $2.6 trillion asset manager has launched its actively managed Global Structured Research Equity Strategy in Australia, complementing its existing suite of products. The fund leverages T. Rowe Price's global research platform to provide investors ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
Custodians are stepping up as regulators target super funds' $3.5 trillion private asset rush. Australia's super funds face mounting scrutiny over their rapid shift into private markets, as concerns grow about transparency, valuations and liquidity ...

Rest calls for super performance test reforms

ELIZA BAVIN  |  TUESDAY, 29 JUL 2025
In its submission to the government's Economic Roundtable, Rest has called for reforms to the superannuation performance test among a range of other measures. In its submission, Rest said the superannuation performance test needs to be reformed to cater ...