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Showing 191 - 200 of 3875 results for "February"

Account number issue causes angst, undue admin work: FAAA

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... parties," Anderson said. The FAAA reached out to Treasury in January to seek guidance and a solution. Treasury responded in February saying it intended to include the account number and that "resolving this issue would require changes to the primary ...

RBA cuts rates, experts debate next moves

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... Bassanese said he believes the next rate cut will come on Melbourne Cup Day in November, followed by further cuts in February and May 2026. Meanwhile, Schroders head of fixed income Kellie Wood said the central bank's statements were more dovish than ...

Superannuation fraudster sentenced to prison

ELIZA BAVIN  |  MONDAY, 11 AUG 2025
... Steele will be eligible for parole after having served a period of 20 months' imprisonment. ASIC said between May 2016 and February 2017, Steele persuaded 14 investors to withdraw more than $1.3 million from their superannuation and other savings to ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... its own facts and circumstances, and that no view has been formed on the merits of any complaint," the firm said. In February, the Federal Court acted against Osama Saad and Ferras Merhi over their potential involvement. Financial adviser Merhi was licensed ...

ASIC says Cboe listing will 'foster competition'

ELIZA BAVIN  |  THURSDAY, 7 AUG 2025
... and attractive, supporting economic growth for all Australians." This comes after ASIC released a discussion paper in February which explored the changing dynamics in capital markets in Australia and globally, including declining listings on public markets ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... financial misconduct have a sustainable avenue for redress. The first round of consultation took place between January 31 and February 28. That review remains ongoing. On July 1, the CSLR estimates for FY26 were amended to $75.7 million, of which $67.29 ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
... person, is not adequately trained or competent and is likely to contravene a financial services law," ASIC said. Since February 2022, more than $480 million have been invested in Shield by at least 5800 consumers, predominantly through super platforms. ...

Insignia accepts CC Capital bid

ELIZA BAVIN  |  TUESDAY, 22 JUL 2025
... Capital withdrew its bid back in May and Brookfield Capital Partners dropped out after making a single offer back in February. Bain Capital initially placed a takeover bid to acquire all of Insignia's shares at $4 cash per share late last year ...

CC Capital drags feet on Insignia takeover bid

KARREN VERGARA  |  MONDAY, 21 JUL 2025
... Capital withdrew its bid for Insignia in May while Brookfield Capital Partners dropped out after making a single offer in February. Private equity firm CC Capital was founded in 2016 by Chinh Chu and Douglas Newton. Its portfolio includes annuities and ...

ART inks mandate with Zurich

KARREN VERGARA  |  MONDAY, 14 JUL 2025
... difference and deliver an exceptional experience for ART and its members." Sunsuper and QSuper merged to become ART on 28 February 2022. In 2015, Sunsuper announced it extended its partnership with AIA to 2020 and continue to provide death, total permanent ...