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Showing 211 - 220 of 7073 results for "June 16"

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
Receivers have been appointed to two related entities of Australian Fiduciaries following a Federal Court hearing this week. About $167 million is tied up currently, belonging to about 600 investors who placed their retirement savings in the Global ...

Brighter Super to add 68k new members

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
Brighter Super is about to undertake a successor fund transfer that will see its membership swell by 25%. On October 1, Brighter Super is set to take on several risk-only products currently housed under Zurich's OneCare Super. There are about eight ...

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
As superannuation fund assets continue to hit record highs, with AustralianSuper leading the pack at $387.6 billion, the number of inactive accounts is also ballooning, APRA's latest statistics reveal. APRA superannuation fund data for June 2025 ...

Latest adviser exam sees 69% pass

MATTHEW WAI  |  MONDAY, 8 SEP 2025
ASIC has handed down the results for the 30th Financial Adviser Exam, held in August, with the pass rate once again falling under the 70% mark. The previous exam cycle in June saw the lowest pass rate in recent times at 66%. Although slightly improved ...

NZ Super delivers 11.84%

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
The New Zealand Superannuation Fund has delivered a pre-tax return of 11.84% after costs for the year ended 30 June 2025. Total fund size was up $8.4 billion from a year earlier, ending the 2025 financial year at $85.1 billion. Guardians of New Zealand ...

Iress confirms new chief executive

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
Iress has appointed Andrew Russell as its new group chief executive and managing director, effective November 17. Russell is set to take over the role from Marcus Price who has stepped down effective immediately. In the interim, Iress chief executive ...

Australian economy 'stronger than expected'

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
Australian gross domestic product (GDP) rose 0.6% in the June quarter and was up 1.8% compared to a year ago, according to figures released by the Australian Bureau of Statistics (ABS). Commonwealth Bank head of Australian economics Belinda Allen said ...

IML debuts income-focused ETF

KARREN VERGARA  |  TUESDAY, 2 SEP 2025
IML has launched an actively managed income-focused ETF on the ASX, spun off from its Equity Income Fund. The Investors Mutual Equity Income Fund Complex ETF (EQIN) was admitted on the exchange yesterday. EQIN aims to provide a dividend yield after ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
Former United Global Capital (UGC) adviser Milutin Petrovic is banned for six years after ASIC found he failed key advice obligations when recommending clients invest their retirement savings into the Global Capital Property Fund Limited (GCPF). Petrovic ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
ASIC has heaped more allegations against former financial adviser Ferras Merhi, claiming he engaged in "unconscionable conduct" related to the First Guardian Master Fund and Shield Master Fund that has put more than $520 million on the line. ASIC said ...