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Showing 11 - 20 of 2072 results for "AMI"

Three super funds fined for misleading investment options

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
Three industry superannuation funds - Australian Retirement Trust (ART), TelstraSuper and Australian Food Super - have been pinged by ASIC for misleading members about their investment options' asset allocation and performance objectives. Each super ...

Diversa board backs chief executive pay rise, bonus amid First Guardian fallout

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
Diversa Trustees' board paid chief executive Andrew Peterson a bonus of $770,000 and increased his salary at the height of the First Guardian collapse, an inquiry heard, doubling down on its confidence in his leadership and suitability to lead the ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
Treasury has released draft legislation on the minimum tax it is set to impose on discretionary trusts from 1 July 2028. A 30% minimum tax on certain discretionary trusts will apply and be payable by the trustee. Treasury is seeking feedback on several ...

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2026
Pengana Capital Group is again attempting to thwart the Wilson Asset Management-led board's share buyback and increased ownership in the Pengana International Equities LIC (PIA), hoping the Takeovers Panel will intervene. Pengana is seeking to prevent ...

Kaplan winds up pooled super trust

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Kaplan Funds Management has shuttered its $12.6 million Kaplan Pooled Superannuation Trust (PST) amid merger pressure from prudential regulator APRA. As trustee, Diversa Trustees told investors the move reflects the rising costs and compliance obligations ...

Capital Group makes C-suite appointment

ELIZA BAVIN  |  FRIDAY, 28 AUG 2026
Capital Group has named a new chief information officer to be based in California and set to take on the role in November. Guillermo Veiga will take on the role, succeeding Marta Zarraga, who will retire at the end of the year. Veiga will relocate to ...

GDG posts 21% profit rise as record inflows lift FUM

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
Generation Development Group (GDG) has reported a 21% increase in underlying net profit after tax to $40.7 million for FY26, driven by a record $9.7 billion in net inflows and a 37% increase in funds under management (FUM). Group revenue rose 23% to ...

MFG profit falls 47% as Barrenjoey lifts combined earnings

VINNY VUCAGO  |  THURSDAY, 27 AUG 2026
Magellan Financial Group's (MFG) statutory net profit has fallen 47% to $88 million in FY26, despite stronger earnings from Barrenjoey helping lift the combined group's operating profit. MFG reported a 9% decline in operating profit after tax ...

Vanguard adds floating rate ETF, managed fund to product suite

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Vanguard has launched an Australian floating rate bond index strategy, available through both an ETF and a managed fund format. The Vanguard Australian Floating Rate Bond Index ETF (ASX: VFLT) has been listed on the ASX, and became the firm's first ...

FAAA welcomes 'widow's tax' changes in CGT, negative gearing reforms

KARREN VERGARA  |  TUESDAY, 25 AUG 2026
The Financial Advice Association Australia (FAAA) says it welcomes the legislative changes aimed at addressing the so-called "widow's tax," noting the amendments will protect grieving families and individuals navigating relationship breakdowns from ...