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Showing 171 - 180 of 6870 results for "Act2"

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
A former United Global Capital (UGC) financial adviser has had his banning order shrunk by half after a successful appeal to the Administrative Review Tribunal. Milutin Petrovic was banned from providing financial services or performing any function ...

'No benefit in switching super': AFCA finalises FSGA lead decision

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
The Australian Financial Complaints Authority (AFCA) has determined inappropriate advice provided by Financial Services Group Australia (FSGA) led to one client's $200,000 financial loss. In December, AFCA said it received more than 1800 complainants ...

Study reveals who bares brunt of US tariffs

ELIZA BAVIN  |  TUESDAY, 20 JAN 2026
Contrary to US government rhetoric, the cost of US import tariffs is not borne by foreign exporters, according to new research from the Kiel Institute for the World Economy. The report revealed that instead, they hit the American economy itself. The ...

ASIC returns $40m of CFD losses

ELIZA BAVIN  |  TUESDAY, 20 JAN 2026
ASIC has secured the return of nearly $40 million to more than 38,000 retail investors as it continues to drive substantial compliance improvement across Australia's contracts for difference (CFD) sector following a whole of industry review. CFDs ...

APRA names super, life insurance lead

ANGELIQUE MINAS  |  TUESDAY, 20 JAN 2026
APRA has appointed Jane Magill as executive director for life insurance, private health insurance and superannuation (LPHIS). Leaving her previous position as executive director of general insurance and banking (GIB), Magill will fill the role recently ...

Commonwealth Super anticipates advice take-off

MATTHEW WAI  |  MONDAY, 19 JAN 2026
Use of a service that allows hesitant members to dip their toes in to receiving financial advice is expected to almost double in 2026, with 15% seeking intra-fund advice since the inception of its Super Specialist program. Commonwealth Superannuation ...

MWL complainants given $100k in lead decision outcome

MATTHEW WAI  |  MONDAY, 19 JAN 2026
The Australian Financial Complaints Authority (AFCA) has finalised its review of MWL Financial Services' lead decision, confirming the business, which is in liquidation, did not act in the complainant's best interest. In December, AFCA unveiled the ...

Laws to limit US pension plans' use of ESG pass

JAMIE WILLIAMSON  |  FRIDAY, 16 JAN 2026
... which looks to curtail use of ESG by pension funds, particularly those governed under the Employee Retirement Income Security Act (ERISA). The bill was put forth by Congressman Rick Allen, who said the aim was to codify the idea that maximising investment ...

Performance test changes not necessary: ART

ELIZA BAVIN  |  FRIDAY, 16 JAN 2026
Following Treasurer Jim Chalmers' Economic Roundtable last year, changes to the superannuation performance test were flagged as a tool that could allow funds to invest in more diverse asset classes without worrying about failure. However, Australian ...

Diverse leadership cements business growth, positive workplace culture: HESTA

MATTHEW WAI  |  WEDNESDAY, 14 JAN 2026
A new report found that all signatories to the 40:40 Vision initiative believe that greater gender diversity has benefited workplace culture and business performance, but women remain "significantly" underrepresented in executive leadership teams (ELTs) ...