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Showing 181 - 190 of 6194 results for "Statement"

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
The AFSL of MWL Financial Services has been cancelled, while both its director and its compliance manager have copped bans after they allegedly helped funnel more than $150 million in investments into the Shield Master Fund. MWL recommended Shield to ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
... application for health treatments that are not necessary for one of these reasons would be making a false or misleading statement to the commissioner, which can attract severe penalties," said ATO deputy commissioner Emma Rosenzweig said, adding the ...

Allianz Retire+ streamlines business, trims workforce

KARREN VERGARA  |  TUESDAY, 26 AUG 2025
... with the evolving retirement income and life protection markets," AA Life acting chief executive David Kane said in a statement. "AA Life remains patient and committed in its mission to provide trusted and innovative solutions that meet the evolving ...

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 ...

Three portfolio managers exit Stewart Investors

KARREN VERGARA  |  MONDAY, 25 AUG 2025
... comprehensive transition plan is in place to address the changes and ensure portfolio management continuity," FSI said in a statement. As of December 2024, FSI managed $218 billion in assets. International outlets also report that research house Square ...

Funds SA pushes for efficiencies with AI targets

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
... "AI-related priorities" - in the performance and development plans of everyone in the business from this year. "That is a statement of intent about how we're going to become more efficient and productive through AI tools. We want to drive more innovation ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
Gold Coast-based financial adviser Andrew Rankin has been banned for four years for failing to act in clients' best interests by pushing them to invest in the Global Capital Property Fund (GCPF) and Pivotal Diversified Fund. The banning took effect ...

Aberdeen to terminate three funds

MATTHEW WAI  |  MONDAY, 18 AUG 2025
... "After a thorough review, we have determined that the funds no longer align with the evolving needs of our investors," a statement read. "Due to the changing demand, the size of the funds have become smaller over time, and we do not expect them to grow ...

ASX revenues, profits increase amid scrutiny

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
The ASX recorded $1.12 billion in operating revenue in the 12 months to 30 June 2025, a 7.3% surge from the previous corresponding period. Underlying net profit after tax (NPAT) grew 7.5% to $510 million, while statutory NPAT recorded a lower growth ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... listed as the victim of a ransomware attack on a darknet site. The hackers claimed to have stolen 85 gigabytes of data. A statement on Magellan's site says: "On 8 August 2025, Magellan Financial Group became aware of claims suggesting a potential cybersecurity ...