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Showing 111 - 120 of 4059 results for "PAI"

ASIC issues $2.2m infringement notices

ANGELIQUE MINAS  |  THURSDAY, 11 DEC 2025
Following a three-month surveillance, ASIC has issued infringement notices to 12 large proprietaries companies for failing to lodge their FY24 audited financial reports on time. The household names facing infringement notices include Aje Hold, Bing ...

AMP to pay $29m to settle class action

RIDDHIMA TALWANI  |  THURSDAY, 11 DEC 2025
AMP has settled a class action brought by Shine Lawyers in 2020, which claimed the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients. The AMP commissions and insurance class action was commenced ...

'Outdated' law gating teenagers from thousands of dollars in super: Industry

MATTHEW WAI  |  THURSDAY, 11 DEC 2025
The super industry is urging the government to scrap the "outdated" law that denies super to most under-18 workers, which is also increasing the gender gap and costing women up to $11,000 at retirement. The new analysis comes as a Pyxis survey found ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
APRA is imposing additional licence conditions on HESTA, finding it was inadequately prepared to effectively oversee and manage its recent administrator change. Earlier this year, HESTA switched administration providers, transitioning from MUFG to GROW ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
Diversa Trustees said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has ...

AZ NGA partners with Sydney Financial Planning

ANGELIQUE MINAS  |  TUESDAY, 2 DEC 2025
Advice platform AZ Next Generation Advisory (AZ NGA) has partnered with Sydney Financial Planning to grow the firm's presence. Through this collaboration, AZ NGA will expand its reach in the eastern suburbs, where Sydney Financial Planning bases its ...

Betashares launches new Enhanced Credit Income ETF

ANGELIQUE MINAS  |  MONDAY, 1 DEC 2025
Betashares has launched its Australian Enhanced Credit Income Complex ETF (ASX: ECRD), in expansion of its innovative fixed income investment solutions range. The ETF is designed to invest in floating-rate subordinated bonds issued by Australia's Big ...

FEATURE | Agriculture: Golden soil

KARREN VERGARA  |  FRIDAY, 28 NOV 2025
In the book The Lucky Country, the late author Donald Horne provides a piercing assessment of Australia in 1964, stating that its prosperity is derived from good fortune rather than industriousness or ambition. He ruminated about the future challenges ...

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Clime Investment Management is shuttering two funds, one of which is under an ASIC investigation, and will offload its retail client book for $1.65 million to an undisclosed financial advice practice. At the annual general meeting last week, Clime chair ...