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| | | The Federal Court has ordered Oztures Trading, known as Binance Australia Derivatives, to pay $10 million after it was found to have misclassified more than 85%, or 524, of its retail clients between July 2022 and April 2023. ASIC commenced legal proceedings ... |
| | | | The detriment of Shield and First Guardian Master Funds undermines trust in the superannuation system, ASIC commissioner Alan Kirkland warned, saying trustees must revise their processes to avoid exploitation by super switching schemes. Speaking at ... |
| | | | The Super Members Council (SMC) attended the launch of Parliamentary Friends of Superannuation at Parliament House. The "friendship" group brings together members of parliament and senators from across the political spectrum in their shared stewardship ... |
| | | | ... right leadership in place is critical to delivering long-term value for our clients." In March, Magellan announced that it was set to acquire boutique investment bank Barrenjoey Capital Partners in a $903 million deal, combining the asset manager with ... |
| | | | The Consumer Price Index (CPI) rose 3.7% in the 12 months to February 2026, according to the Australian Bureau of Statistics (ABS). "The 3.7% annual CPI inflation to February eased slightly from the 3.8% annual CPI inflation to January," ABS head of ... |
| | | | ... impact at HESTA. "Stephen's leadership over the past decade has supported the development of an operating model that has set HESTA up for the years ahead," Blakey said. "He has worked tirelessly to help serve our members. The foundations, platforms ... |
| | | | ... to their retirement incomes," Schubert said. "The EU already attracts billions of dollars of super investment, and that's set to continue as Australians' super funds continue to scour to the globe for the best places to deploy hundreds of billions of ... |
| | | | ... way that victims of Trio Capital were remediated. In a case of deja vu, the catastrophes of Shield and First Guardian have set off unsavoury repercussions for the financial advice profession, having barely shaken off the disrepute from th Financial Services ... |
| | | | A new report by the Super Members Council (SMC) found wealth levels for middle Australia have tripled in the past 20 years for recent retirees, with superannuation the key driver of strong growth. The report highlighted the role Australia's super system ... |
| | | | ... balance as opposed to a median of 0.97% for other non-platform funds. "Mega funds face the challenge of meeting the broadest set of member needs but are well positioned thanks to substantial operating budgets funded by larger total fees collected," Mercer ... |
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