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Showing 1 - 10 of 6204 results for "SIX"

ART pumps $3bn in Australian property funds

ELIZA BAVIN  |  MONDAY, 1 JUN 2026
... Australian Retirement Trust (ART) has made its largest annual investment in Australian property, investing $3 billion across six local funds. ART said the investments will help develop housing supply, new offices and jobs-generating industrial land ...

ASIC moves to extend managed investment scheme relief measures

VINNY VUCAGO  |  THURSDAY, 28 MAY 2026
... Commission (ASIC) has moved to extend relief measures applying to a range of managed investment schemes, proposing to remake six legislative instruments due to expire later this year. Under the proposal, the instruments will be extended for a further ...

More advisers go self-licensed to avoid associative risks

MATTHEW WAI  |  THURSDAY, 28 MAY 2026
... currently undergoing a "fundamental shift", with some 67 Australian financial services licences (AFSLs) were granted over the past six months. This was a level that was never seen before, he said, further accentuating the intent towards self-licensing. ...

'Shockproof' portfolios integrate geopolitical risks: CIO

KARREN VERGARA  |  THURSDAY, 28 MAY 2026
... "There's this view that geopolitical events occur once in a while and are one-off scenarios. The events of the last five or six years have demonstrated that that is no longer true," he said. What is happening now, Armitage explained, is a "magnification" ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA  |  WEDNESDAY, 27 MAY 2026
Major bank Westpac has copped a $26 million fine for neglecting customers facing financial hardship over a six-year period. The Federal Court found the bank failed 277 customers facing financial troubles by not providing a written response to their ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... three years remained unchanged, and he will be eligible for parole on 23 January 2029. Forrest was initially sentenced to six years' imprisonment on 23 January 2026. He appealed his sentence and, following his appeal, Forrest's total effective sentence ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... settlement, insurers are taking considerably longer. Merely 14% are processed within two weeks, with 23% taking more than six months to complete, in comparison to 1% in death claims for the same period. Last year, ASIC investigated AustralianSuper for ...

AMP new boss overhauls executive team

KARREN VERGARA  |  FRIDAY, 22 MAY 2026
... oversees the AMP Foundation. McDermott previously held senior human resource roles at Bloomberg in Hong Kong and spent more than six years at QBE Insurance based in Sydney. Chief marketing officer Tina Cleary, who took on the role in January 2025, was ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI  |  FRIDAY, 22 MAY 2026
... identified and addressed early will also benefit businesses to improve their operation on this front. Meanwhile, over the six months to December end, AFCA has secured $1.9 million in refunds and financial remediation for affected customers. While that ...

ASIC furthers simplification with regulatory roadmaps

ELIZA BAVIN  |  TUESDAY, 19 MAY 2026
... roadmaps, improving ASIC registers through the RegistryConnect program, and expanding digital transactions. ASIC said for the next six months it will prioritise working with APRA and other regulators to streamline and consolidate data requests and support ...
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