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Showing 201 - 210 of 5198 results for "2015-16 ASIC"

Super funds lagging RIC obligations: Pulse Check

ELIZA BAVIN  |  WEDNESDAY, 26 NOV 2025
ASIC and APRA have released the findings of the 2025 Pulse Check on retirement income covenant (RIC) implementation, painting a fairly dire picture of how super funds are understanding and meeting member needs. While the regulators said some improvements ...

Clime shutters two funds, offloads retail book

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
... provide more details. Abernethy also did not provide details on ASIC's investigation into the Australian Income Fund. ASIC, however, confirmed to Financial Standard that it has not changed its position on this matter and that the investigation is ...

Sequoia shares dive nearly 50%

KARREN VERGARA  |  TUESDAY, 25 NOV 2025
Sequoia Financial Group's share price has dived nearly 50% since the start of the year, compounded by ASIC's recent lawsuit against subsidiary InterPrac Financial Planning, which has wiped millions from its market cap. Sequoia's share price ...

Two financial services directors fined $15k over reporting failures

MATTHEW WAI  |  TUESDAY, 25 NOV 2025
... and balance sheets (together, financial statements), with the second offence being the failure to lodge auditors' reports. ASIC had alleged that both directors failed to take steps to ensure that the company lodged financial statements and auditors' ...

APRA-regulated funds should not pay CSLR special levy: SMC

MATTHEW WAI  |  MONDAY, 24 NOV 2025
... the scheme. "If there was any justice, part of the CSLR burden would be on ASIC and not the advisers who did nothing wrong. ASIC was too slow out of the gates. They can deny all they like, but the facts speak for themselves," Conaghan said.

APRA stress tests for potential ASX failure

ELIZA BAVIN  |  THURSDAY, 20 NOV 2025
APRA is undertaking its first exploratory system risk stress test for superannuation funds and major banks, it revealed in its inaugural System Risk Outlook report. The prudential regulator said the new system risk stress test would be completed in ...

Sequoia boasts of 'good governance' despite ASIC action

JAMIE WILLIAMSON  |  THURSDAY, 20 NOV 2025
... invested in Shield and First Guardian to be paid out of super funds' operational risk financial requirement (ORFR) reserves. ASIC has levelled several serious allegations at InterPrac in its case filing, including that it failed to ensure representatives ...

Prevention of Shield, First Guardian-like events the focus from here on: Mulino

MATTHEW WAI  |  THURSDAY, 20 NOV 2025
Establishing a framework to prevent disasters like the Shield Master Fund and First Guardian Master Fund from happening again will be the focus moving forward, minister for financial services Daniel Mulino told the Financial Advice Association Australia ...

Conaghan holds ASIC accountable for Shield, First Guardian mess

KARREN VERGARA  |  THURSDAY, 20 NOV 2025
... he warned. "If there was any justice, part of the CSLR burden would be on ASIC and not the advisers who did nothing wrong. ASIC was too slow out of the gates. They can deny all they like, but the facts speak for themselves." Conaghan pointed out that ...

SQM vows to 'respectfully' defend ASIC case

MATTHEW WAI  |  TUESDAY, 18 NOV 2025
... that as the matter is now before the court, SQM Research and he will not be making any further public comments. Last week, ASIC alleged the research house failed to obtain the required questionnaire and to conduct comprehensive research before providing ...