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

Search Results

Showing 181 - 190 of 4198 results for "Action"

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
... their members' needs, compared to those who are focused on mere compliance with the covenant," the report said. "Unless action is taken, particularly by those falling behind, the quality of support provided to members approaching or in retirement ...

CalSTRS secures US$190m settlement against Meta

JAMIE WILLIAMSON  |  TUESDAY, 25 NOV 2025
... million directly back to the company to the benefit of shareholders. It marks the second-largest settlement of a derivative action in the Delaware Court of Chancery's history in a case of this nature, the pension fund said. As part of the settlement ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... the notice and then make an appropriate announcement," Sequoia said. Tan emailed Boardroom on November 13 at 10.04am to action the trading pause. Boardroom then asked the ASX at 10.11am to request a pause in trading. Sequoia said it "believes that its ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... law," Court said. "Financial reporting misconduct is now an enforcement priority for ASIC and we will not hesitate to take action for reporting failures. "Today's decision show that directors can also face individual criminal consequences over their ...

Macquarie makes bid for Qube

RIDDHIMA TALWANI  |  MONDAY, 24 NOV 2025
... adverse change to Qube, and a unanimous recommendation by the Qube board. Qube said shareholders do not need to take any action in relation to the proposal at this time and it will update them on the bid in due course. Qube has appointed UBS as financial ...

Magellan global equities lead exits amid investigation

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Magellan Financial Group's head of global equities has resigned following reports alleging he was in a relationship with a junior employee. The Australian Financial Review reported overnight that Arvid Streimann was allegedly in a relationship with ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
Sequoia Financial Group's chair has told shareholders that "good governance remains central" to how it operates and confirmed it is in talks with Netwealth and Macquarie over their decision to bar InterPrac advisers. Addressing its annual general ...

Prevention of Shield, First Guardian-like events the focus from here on: Mulino

MATTHEW WAI  |  THURSDAY, 20 NOV 2025
Establishing a framework to prevent disasters like the Shield Master Fund and First Guardian Master Fund from happening again will be the focus moving forward, minister for financial services Daniel Mulino told the Financial Advice Association Australia ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
... and centre of the First Guardian and Shield Master Fund collapses, saying it should take accountability for its delayed action and it is high time for its reformation. Conaghan took the opportunity to reprimand the regulator at the annual Financial Advice ...

SMC makes recommendations to safeguard super

ELIZA BAVIN  |  MONDAY, 17 NOV 2025
... prevent consumer harm from high-risk super switching. The call comes as the corporate regulator continues to launch legal action against those involved in the collapses of Shield and First Guardian. ASIC deputy chair Sarah Court said the misconduct was ...