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Showing 231 - 240 of 4199 results for "Action"

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
... about $321 million of the super savings invested in Shield. Minister for financial services Daniel Mulino said Macquarie's action will enable affected customers to access savings without lengthy and costly court proceedings. However, he also acknowledged ...

RBA says ASX has 'considerable work to do'

ELIZA BAVIN  |  THURSDAY, 25 SEP 2025
... "The boards and management are aligned in ensuring future assessments show continuous improvement and not simply remedial action. Our focus remains on achieving meaningful progress while safeguarding the critical market infrastructure that underpins ...

Macquarie to pay Shield victims in full

JAMIE WILLIAMSON  |  THURSDAY, 25 SEP 2025
... efforts of ASIC to negotiate this outcome and appreciate that it will place pressure on the other super funds to take similar action. "This intervention will help to restore confidence in the Australian super system and financial services more broadly." ...

More than 75% of asset owners wary of trade disputes

ANGELIQUE MINAS  |  WEDNESDAY, 24 SEP 2025
... collective US$34 billion assets under management. Findings indicated an upswing in Australian asset owners prioritising climate action when developing investment strategies. The survey provides key insights to a global shift in behaviour among asset ...

Federal court slams director for 'fanciful' asset valuation

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
... from engaging in financial services without an Australian financial services licence (AFSL). This comes after ASIC brought action against Hodgson and Paladin Group companies MacroLend and Great Southland, of which Hodgson is the sole director. The court ...

Diversa winds up struggling super fund

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
... of Personal Choice Private to a larger fund. However, the trustee considers the high administration costs in taking this action prohibitive and not in member best financial interests," Diversa said. The fund's decline was swift - in FY22 it had more ...

National decline in retirement confidence: AMP

ANGELIQUE MINAS  |  MONDAY, 22 SEP 2025
... "The Pulse is our scoreboard; the Retirement Confidence Hub is our game plan - a standing effort to turn evidence into action so more Australians can feel confident about their retirement and unlock a better quality of life." Aiming to address a wide ...

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
MSC Trustees and MSC Abacus, both part of MSC Group, have been appointed as the trustee and administrator for a newly established third-party litigation funder, Ninety Mile Capital. Ninety Mile Capital is based in Melbourne and was founded by chief ...

Concentration of private credit sector a concern: ASIC

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
... responsibility, including those already demonstrating and upholding high standards," Longo said. "ASIC expects meaningful action in response to these findings and will not hesitate to intervene where progress falls short."

ASIC issues interim stop orders to RELI Capital

RIDDHIMA TALWANI  |  FRIDAY, 19 SEP 2025
... is to protect consumers and retail investors from acquiring a product not suitable for their financial objectives. Its action follows concern that the target market in the target market determination (TMD) for the fund includes investors who intend to ...