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Showing 131 - 140 of 4199 results for "Action"

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ...

ASIC inquiry an 'inflection' point for ASX: Lofthouse

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Although posting strong revenue growth in the six months to December end, the ASX's total expenses for FY26 are expected to balloon as a result of ASIC's inquiry over its governance, capability, risk management frameworks. ASX posted revenue growth ...

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... Fund) and Commonwealth Essential Super. It was later expanded to include Avanteos Investments Limited (AIL). The class action claims members invested in cash and deposit options provided by CBA received a lower interest rate than they could have received ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... 11,000 people invested over $1 billion, Treasury said the alleged practices by employees "highlighted the need for further action to protect consumers in the superannuation and financial services sectors." Treasury is taking submissions until February ...

Global pension assets near $90tn: Research

MATTHEW WAI  |  TUESDAY, 10 FEB 2026
Global pension assets reached a record US$68.3 trillion ($89.3tn) in 2025 across the top 22 markets, rising 9.6% year-on-year as defined contribution savings continued to drive growth, new research found. According to the Thinking Ahead Institute's ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... "Take Your Super Back is about giving people clear, independent information so they can understand what happened and take action before it's too late. "The fact that only a small fraction of affected investors have complained tells us many people either ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... Commonwealth Bank, NAB, and Westpac), ASIC found that banks consistently outperform super funds in providing clear, detailed action steps and dedicated reporting channels. According to the findings, super funds scored positively against just 40-60% of ...

ISS MI acquires Family Office Access

STAFF WRITER  |  WEDNESDAY, 4 FEB 2026
ISS Market Intelligence (ISS MI) has acquired Family Office Access in a move that expands and strengthens its data and analytics offerings to wealth managers, insurers and advisers. Family Office Access provides a trove of family office research, and ...

ASIC acts against 28 SMSF auditors

MATTHEW WAI  |  FRIDAY, 30 JAN 2026
... superannuation fund (SMSF) auditors in the first half of FY26, including the cancellation of 22 registrations. ASIC said its action relates to breaches of obligations and standards, including failures to comply with auditing and assurance standards and ...

ASX to spend $264m to modernise tech, uplift risk management

RIDDHIMA TALWANI  |  THURSDAY, 29 JAN 2026
The Australian Securities Exchange (ASX) has flagged a jump of 20% in its total expenses to $264.4 million in the first half of the financial year, after it agreed to implement a package of reforms to improve its operations last year. ASX updated its ...