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Showing 161 - 170 of 3412 results for "Update"

WAM eyes Platinum LIC

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
Wilson Asset Management (WAM) is making a play to be the investment manager of a Platinum Asset Management listed investment company, offering a non-binding, indicative proposal. WAM is proposing to take over the investment management function of ASX-listed ...

Bell Financial reports 44% slump in profit

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
Bell Financial Group (BFG) saw net profit after tax slump by 44% in its latest performance update, dragged by market volatility impacting the broking business. The group reported NPAT of $9.3 million for its half-year to June 2025 results. The broking ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
In addition to overhauling its own look, Magellan Financial Group unveiled the new Magellan Investment Partners. Magellan Financial Group has refreshed its corporate branding, including a new logo, and rebranded its investment business as Magellan Investment ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege ...

Elanor rebuffs Lederer's governance concerns

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... acquirer Lederer Group for making "inaccurate assertions" about its governance and management capabilities. In providing an update on the proposed acquisition of its ASX-listed Elanor Commercial Property Fund (ECF), Elanor said it is still considering ...

Former Kerr Neilson staffer pleads guilty to insider trading

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
A former employee of Kerr Neilson's family office, Rodney Forrest, has been charged with insider trading and procuring others to trade Platinum Asset Management shares. At Sydney's Local Court yesterday, Forrest pleaded guilty to two counts ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... carriage of the superannuation class actions and proceedings on behalf of CFSIL and AIL. In the advice space, CBA gave an update on the class action filed against Commonwealth Financial Planning (CFP), Financial Wisdom (FWL) and CMLA in August 2020 relating ...

Some Australians being taxed more on super than pay: SMC

ELIZA BAVIN  |  TUESDAY, 12 AUG 2025
... earners, including some who pay more tax on their super than on their take-home pay. "This reinforces the ongoing need to update system settings for some groups and ensure the Age Pension and related financial supports deliver a genuine safety net," ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... advisers' role in the collapse of the Shield Master Fund and First Guardian Master Fund. Sequoia said in a trading update that this "represents InterPrac's potential exposure prior to any assessment of the merits of each complaint, and before ...

Top Australian CIOs revealed

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... the investment strategies of seven public asset funds which manages a total of over $305 billion. At its latest portfolio update released in May, the Future Fund reported investment returns of 7.9% for the 12 months to March, exceeding its mandate target ...