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Showing 151 - 160 of 2989 results for "February 2013"

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN | TUESDAY, 26 AUG 2025

Equity Trustees will face court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield ...

Super funds should prompt members on death benefits: SCA

ELIZA BAVIN | TUESDAY, 26 AUG 2025

... its research revealed 36% of Australians have not made a binding nomination, ASIC report 808 - which was released in February - suggests that only 12% of members have a binding nomination. "While the sample groups and sizes for these two studies are ...

Evidentia names chief risk, operating officer

KARREN VERGARA | WEDNESDAY, 20 AUG 2025

Evidentia Group has appointed a new chief risk and operating officer who previously worked at MLC Asset Management and Perpetual. Jason Komadina will officially take on the role on August 22. He joined Evidentia in March as an integration lead. Prior ...

ART chair to retire

MATTHEW WAI | TUESDAY, 19 AUG 2025

Australian Retirement Trust (ART) chair Andrew Fraser intends to retire at the ART Annual Member Meeting on November 20, at which point a successor will be named. Fraser was first appointed to Sunsuper as an independent director in September 2015 and ...

Fiducian FUA reaches $5bn

KARREN VERGARA | MONDAY, 18 AUG 2025

Fiducian Group's funds under advice (FUA) hit $5 billion in the 2025 financial year as net inflows from salaried and franchisee financial advisers reached $343 million. FUA grew 4% year on year from $4.8 billion across its Core, Auxilium and Badges ...

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA | WEDNESDAY, 13 AUG 2025

Flaws in Delivering Better Financial Outcomes (DBFO) Tranche 1 has inundated financial advisers with angst and more administrative work thanks to confusion surrounding account number inclusion in consent forms, according to the Financial Advice Association ...

RBA cuts rates, experts debate next moves

ELIZA BAVIN | WEDNESDAY, 13 AUG 2025

As widely anticipated, the Reserve Bank of Australia (RBA) delivered a 0.25% interest rate cut at the August meeting, bringing the official cash rate down to 3.6%. The RBA board noted that the easing in inflation alongside a softening in the labour ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN | MONDAY, 11 AUG 2025

Former property developer Michael Steele was sentenced to eight years' imprisonment after using money invested for a commercial and residential property development on the Gold Coast for his own and the benefit of family members. Steele was sentenced ...

ASIC says Cboe listing will 'foster competition'

ELIZA BAVIN | THURSDAY, 7 AUG 2025

ASIC has confirmed it is in the final stages of considering a listing market application from Cboe Australia, a subsidiary of Cboe Global Markets (Cboe). ASIC said the move would foster competition and innovation, creating more opportunities for companies ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA | FRIDAY, 1 AUG 2025

Treasury today launched a consultation on the Compensation Scheme of Last Resort (CSLR), considering options on how to deal with estimates that have drastically exceeded sub-sector levy caps. Released late Friday, the consultation paper is seeking feedback ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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