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Showing 11 - 20 of 4192 results for "Action"

Swedish PE giant sweetens offer bid for Perpetual

RIDDHIMA TALWANI  |  THURSDAY, 16 JUL 2026
... offer and said there is no certainty the proposal will result in a binding offer. It told shareholders to not take any action at this time. "The Perpetual board remains confident in Perpetual executing its strategy, including its simplification program ...

FEATURE | Retirement | A layer of confidence

MATTHEW WAI  |  THURSDAY, 16 JUL 2026
... are satisfied with taking out all or most of their super. About one-third (31%) of pre-retirees are currently taking no action to prepare for retirement, the research shows, and as much as 21% of pre-retirees don't know what they'll do with their ...

NAB-owned WealthHub cops $1m ASIC fine

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
... manner, missed multiple opportunities to address the root cause of the reporting failures, failed to take adequate corrective action and did not lodge a reportable situation report to ASIC until January 2023," ASIC said. The panel further stressed market ...

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
... Treasury floated new mandatory minimum service standards for all large APRA-regulated superannuation funds, forced to take action on poor and widespread administration and back-office practices, notably led by Cbus and AustralianSuper. Cbus paid a nearly ...

Aware hikes fees for former TelstraSuper members

ELIZA BAVIN  |  TUESDAY, 14 JUL 2026
... the past decade. This rise in mental health claims has spurred ASIC and APRA to call on the industry to take "decisive action" to address the sustainability challenge facing TPD insurance. In group insurance, APRA and ASIC encouraged insurers to maintain ...

KKR joins consortium to acquire ASX-listed Steadfast

RIDDHIMA TALWANI  |  TUESDAY, 14 JUL 2026
... consortium and there is no certainty that the proposal will result in a transaction. It told shareholders not take any action in relation to the proposal at this time. Last year, Steadfast chief executive Robert Kelly stepped aside for two weeks on full ...

oOh!media bidders up offer price

RIDDHIMA TALWANI  |  MONDAY, 13 JUL 2026
... proposal that is capable of the board's recommendation". The oOh!media board has told shareholders not to take any action at this time in relation to any proposal. "There is no certainty that any proposal will result in a binding offer or that any ...

Federal Court lifts Merhi's travel ban

KARREN VERGARA  |  MONDAY, 13 JUL 2026
... successfully obtained interim restraining orders. Merhi's assets have also been frozen since February 2025. ASIC recently took action on former Keystone Asset Management directors and compliance committee members who put Australians' superannuation at ...

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
... inconsistent with the fundamental obligations of AFS licensees to act efficiently, honestly and fairly," ASIC said. "ASIC's action reflects its ongoing focus on disrupting investment scams, particularly those exploiting trusted brands or purporting to ...

Treasury publishes final report into the ERS

ELIZA BAVIN  |  THURSDAY, 2 JUL 2026
... embracing new technologies takes "foresight and courage". "The need for understanding these new technologies and taking action to ensure they develop at pace but in a responsible way is more important than ever and getting it right will reap tremendous ...