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Showing 191 - 200 of 4239 results for "Vic"

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
ASIC has permanently banned the founder of Maxwell Financial Services and Asset Capital Holdings, Matthew Allen Beresford, from working in financial services, after he was found guilty of running an investment scam. ASIC has also permanently banned ...

Investments, advice complaints jump 18%

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
Investments and financial advice complaints jumped 18% in the 2025 financial year, thanks to the failures of United Global Capital, Shield Master Fund, First Guardian Master Fund and Brite Advisors. This is according to the Australian Financial Complaints ...

Financial services workers earn 12% pay rise

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
Financial services employees saw their pay packets rise 12% in the last 12 months, according to Hays' annual Salary Guide, outpacing salary growth for lawyers and technology professionals. After canvassing more than 12,000 employees from Australia ...

Unemployment data throws 'curveball' at RBA

ELIZA BAVIN  |  THURSDAY, 17 JUL 2025
The unemployment rate rose from 4.1% to 4.3% in June, according to data released by the Australian Bureau of Statistics (ABS). VanEck head of investments and capital markets Russel Chesler said the surprise uptick in unemployment means the next rate ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
Two advice licensees have paid infringement notices after they were found to have authorised advisers and had them provide personal advice while unregistered. Skye Money and Smart Financial Capital have both paid fines of $31,300 to ASIC for authorising ...

Commonwealth Super awards sustainable credit mandate

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JUL 2025
Commonwealth Superannuation Corporation (CSC) is the seed investor in two new sustainable credit funds from UK-based manager Osmosis Investment Management. The fund manager has launched the Osmosis Global Credit UCITS Fund and the Osmosis Global High ...

QIC to sell partial stake in US renewable energy financing platform

MATTHEW WAI  |  WEDNESDAY, 16 JUL 2025
Canadian pension fund La Caisse will acquire a stake in the QIC-backed Renewa, a renewable energy land financing company located in the US, for US$200 million ($307m). QIC acquired 100% ownership of Renewa in 2022. Texas-based Renewa operates as a platform ...

Pinnacle continues North America expansion with new recruit

MATTHEW WAI  |  TUESDAY, 15 JUL 2025
The ASX-listed investment manager has appointed a head of Canada, welcoming an executive from T. Rowe Price to continue deepening its presence in the broader North American market. Based in Toronto, Jonathan Flegg has become Pinnacle Investment Management's ...

Instos turn to risk as volatility lessens: State Street

MATTHEW WAI  |  THURSDAY, 10 JUL 2025
Institutional investors are aggressively buying into risk as stocks are reaching new highs, likely spurred by falling market volatility as Australia sees surges in local investments, new data from State Streeet finds. The State Street Risk Appetite ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... was a director of Wealth Effect Advisory, King Financial Group (NSW), King Financial Group (QLD) and King Financial Group VIC (collectively known as the King Financial Group). Following its investigation, ASIC found that King is not a "fit and proper" ...