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Showing 191 - 200 of 6227 results for "Money"

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... super members, Netwealth is being sued by ASIC and will repay $101 million to victims. More than 1000 investors had their money in the First Guardian Master Fund via the Netwealth Superannuation Master Fund. The trustees of the fund, Netwealth Superannuation ...

Increases coming for veterans' superannuation

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... valuation of the unfunded liability for the military superannuation schemes by the Australian Government Actuary. The amount of money being spent on the Age Pension is also expected to increase. Payments related to the Support for Seniors program are ...

Mark Delaney to step down from AustralianSuper

JAMIE WILLIAMSON  |  TUESDAY, 16 DEC 2025
... contribution to the fund and the broader super industry. "By building and leading a high performing global team Mark has made more money for more Australians than any super fund chief investment officer in the country," he said. Delaney became chief ...

Why a single insto client is a massive business risk

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... Aoris Investment Management has grown to more than $2.2 billion in assets under management without the help of institutional money. Aoris portfolio manager Delian Entchev said: "That is a choice we've made as a business. The risk is if you have one ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money thanks to the collapse of First Guardian and Shield, has made $1.86 million in EBITDA, November year-to-date figures show. ...

Chalmers flags pension, super spending in Budget update

ELIZA BAVIN  |  TUESDAY, 16 DEC 2025
... the budget bottom line. In addition to expected cost cutting, Chalmers flagged that the government will be spending more money to assist veterans and older Australians. "The figures we release on Wednesday will show... an extra $3 billion more in support ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... sustainable, Assistant Treasurer Daniel Mulino proposes, as the Opposition slams the scheme for "constantly running out of money." The newly released Enhancing the effectiveness of financial service professional indemnity insurance consultation paper ...

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... said the CSLR was created to compensate victims of financial misconduct as a last resort after all other options to recover money had been exhausted, with a key design principle being that parts of the financial services system from which the consumer ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
... week of June and certain transactions being completed thereafter. During that time, many members could not access their money, account details and other services. APRA said this resulted in "direct harm to members", saying it has identified "deficiencies ...

ASIC class relief for digital assets now effective

MATTHEW WAI  |  WEDNESDAY, 10 DEC 2025
... Instrument currently limits omnibus accounts to a deposit taking facility of a body carrying on a business of accepting money on deposit including rights under that facility, securities, and derivatives, it said. The updated instrument, however, clarifies ...