Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 5582 results for "ASIC"

APRA kicks off Retirement Reporting Framework consultation

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... the age range (60 years and each year above), sex type and members' benefit bracket, and retirement status. APRA and ASIC will jointly use the data as part of tracking progress by RSE licensees against retirement income strategies required by the ...

APRA greenlights Insignia Financial takeover

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2026
... approved by the Foreign Investment Review Board, Insignia Financial shareholders, and the court. It was already approved by ASIC, the ASX and the Australian Competition and Consumer Commission. Insignia said its board continues to unanimously recommend ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
... if the sale completes, the new owner "may elect to withdraw or accelerate the AFCA determinations and seek to mediate with ASIC regarding its separate actions as Sequoia had planned to do." Sequoia is currently suing AFCA for a December 2025 determination ...

FSC questions SMC's claim on younger members' super switches

RIDDHIMA TALWANI  |  MONDAY, 23 MAR 2026
... deeply concerned about the lead-generated switching advice that supercharged the Shield and First Guardian scandals that ASIC has repeatedly warned about - if warnings are ignored, it's a greenlight to the next collapses," Schubert said. FSC said ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... for further monitoring but failed to do so. His finding was based on a Statement of Agreed Facts and Admissions filed by ASIC and Macquarie. It follows Macquarie entering a court enforceable undertaking with ASIC in September last year and agreeing to ...

ASIC considers changes to net asset requirements

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
ASIC is seeking feedback on options for increasing the net tangible assets (NTA) requirement for responsible entities of registered managed investment schemes. In addition, ASIC is looking at increasing the NTA requirements that apply to other fund ...

'We've let our members down': Watson

ELIZA BAVIN  |  TUESDAY, 17 MAR 2026
... through retirement, that's what sets us apart. And I think some funds are really struggling with that," Watson said. ASIC has been pushing the same agenda in recent months with commissioner Simone Constant saying funds should move away from using ...

CALI pushes for advice reforms as Australians turn to AI

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
... one to talk to, and in the worst of cases, with no financial safety net to lean on when they need it most," Cupitt said. ASIC recently also urged young Australians to complement the information they seek from social media and AI with reputable and evidence-based ...

ASIC warns Gen Z against chasing unrealistic crypto gains

RIDDHIMA TALWANI  |  MONDAY, 16 MAR 2026
ASIC has warned younger Australians that cryptocurrency and the like could be setting them up for failure, setting unrealistic expectations on returns, price volatility and long-term investing. A national survey conducted by YouGov found around one ...

AFCA expands scam-related complaints, publication rules

KARREN VERGARA  |  FRIDAY, 13 MAR 2026
... Guidelines following consultation with industry, consumer groups, paid representatives and other stakeholders, and subsequent ASIC approval.