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Showing 191 - 200 of 5504 results for "September 2008"

ASIC sues Australian Unity for TMD failure

KARREN VERGARA  |  WEDNESDAY, 11 JUN 2025
ASIC is suing Australian Unity Funds Management for allegedly failing to ensure retail investors fit the suitable target market for its investment product, the Select Income Fund. ASIC is looking at the period between 5 October 2021 and 5 October 2023 ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
ASIC has granted a limited no-action position in response to an issue related to the inclusion of account numbers in a client's written consent for the deduction of ongoing advice fees. ASIC is reminding financial advisers and superannuation trustees ...

Aware Super recruits Marsh McLennan risk specialist

ELIZABETH FRY  |  THURSDAY, 29 MAY 2025
Aware Super is bolstering its risk management and compliance team with a senior hire from Marsh McLennan, the global risk and insurance giant. The $200 billion industry fund has appointed Norlena Brouwer as head of business risk and compliance for enablement ...

ASIC sues former director of crypto platform owing nearly $60m

MATTHEW WAI  |  THURSDAY, 29 MAY 2025
Following the collapse of the cryptocurrency platform in 2019, former Blockchain Global director Liang Guo, also known as Allan Guo, is being sued by ASIC over multiple breaches of directors' duties. Guo was restrained from leaving the country following ...

CFS awards global equities mandate

KARREN VERGARA  |  TUESDAY, 27 MAY 2025
Colonial First State (CFS) has awarded a global equities mandate to a US$160 billion fund manager. US fund manager Brown Advisory has won the mandate to oversee the global equities strategy available on FirstChoice, debuting on May 24. The option - ...

Industry groups hammer out guidance on tax-deductible advice fees

ANDREW MCKEAN  |  MONDAY, 26 MAY 2025
The Financial Advice Association Australia (FAAA), in consultation with leading accounting bodies, has released new guidance on tax-deductible advice fees. The guidance follows the release of the ATO Tax Determination in September last year, which the ...

Why emotions, cash derail good investments

KARREN VERGARA  |  FRIDAY, 23 MAY 2025
While we know that during turbulent times it is critical not to let emotions get in the way of investing, an investment expert and former policymaker says it is equally important to remain active and not lean in on cash. Amid the volatility and frenetic ...

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
A former financial services director, who dishonestly obtained near $1 million by tricking his clients into investing into a "test" trading platform, has had his sentence handed down. Mark Francis McCabe was sentenced to four years and three months' ...

Super funds covet more global equities: Research

KARREN VERGARA  |  MONDAY, 19 MAY 2025
Superannuation funds substantially upped holdings in global equities but scaled back on cash, as well as local fixed income and equities in the second half of 2024, new analysis from J.P. Morgan shows. The latest Super Fund Manager Radar note shows ...

SMC highlights long-term benefits of investing in private markets

MATTHEW WAI  |  THURSDAY, 15 MAY 2025
Super Members Council (SMC) has submitted a paper in response to the Australian Securities and Investments Commission's (ASIC) discussion paper, outlining how superannuation investments in the private sector can drive long-term financial system stability ...