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Showing 231 - 240 of 4732 results for "July 1"

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
The former head of compliance at a now defunct advice licensee has been banned for three years over the way he dealt with an adviser's fees for no service misconduct. Former Crown Wealth Group director and head of compliance Andrew Moore has been banned ...

RBA delivers 'confounding' rates decision

ELIZA BAVIN  |  TUESDAY, 8 JUL 2025
The Reserve Bank of Australia (RBA) kept interest rates on hold at 3.85% at the July meeting, surprising many experts and the markets which were anticipating another cut. The RBA board confirmed that inflation has continued to moderate but ultimately ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
ASIC has permanently banned financial adviser Barry David King of Melbourne following several years of misusing client funds and falsifying documents. King was found to have engaged in serious misconduct, including concealing information from clients ...

Adviser exam pass rate drops once again

MATTHEW WAI  |  MONDAY, 7 JUL 2025
The results of the 29 th Financial Adviser Exam have been handed down, with only 66% of candidates passing. In the June 5 exam cycle, a total of 237 people sat the exam; 75% (179) sat the exam for the first time. Eighty people (34%) have failed the ...

RBA interest rate cut expected

ELIZA BAVIN  |  MONDAY, 7 JUL 2025
The Reserve Bank of Australia (RBA) is widely anticipated to slash interest rates by 0.25% when the board meets tomorrow. MFS Investment Management fixed income research analyst Carl Ang said he believes the RBA will deliver a "dovish insurance cut". ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
ASFA has released a new ASFA Service Standard - Claims Handling in Superannuation: Insurance and Health Related Claims, which it said is a significant step forward in improving member outcomes. ASFA said the new standard was made to guide superannuation ...

Payton Capital rebrands post-acquisition

MATTHEW WAI  |  WEDNESDAY, 2 JUL 2025
Payton Capital has received a brand makeover following the acquisition by ASX-listed alternative asset manager HMC Capital in July 2024. Payton Capital is officially named as HMC Private Credit, in a move to bring the private credit brand in line with ...

Elanor Investors courts suitors for possible takeover

JAMIE WILLIAMSON  |  WEDNESDAY, 2 JUL 2025
Elanor Investors is currently considering several offers, including potential takeovers, saying it has so far engaged with more than 15 interested parties as part of its strategic review. In a business update, the real estate fund manager said it is ...

Local assets help deliver 12% for ART

KARREN VERGARA  |  WEDNESDAY, 2 JUL 2025
Homegrown investments helped bolster returns for Australian Retirement Trust (ART) in the 2025 financial year, with some options achieving nearly 12% p.a. The $313 billion super fund with 2.43 million members delivered 11.2% p.a. for its Balanced option ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
The Federal Court has granted a travel restriction order against Falcon Capital Limited directors David Anderson and Simon Selimaj, as the responsible entity of the First Guardian Master Fund, following an application from ASIC. The orders prohibit ...