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Showing 11 - 20 of 4719 results for "DOL"

Former Western AM investment chief to receive final judgement

MATTHEW WAI  |  MONDAY, 12 OCT 2026
The Securities and Exchange Commission (SEC) has moved for a final judgement against the former co-chief investment officer of Western Asset Management, which could result in $147 million (US$103m) returned to harmed investors. The SEC is advancing ...

Former Income AM director launches fixed income advisory

MATTHEW WAI  |  FRIDAY, 9 OCT 2026
A former Income Asset Management executive director has launched Ancora Fixed Income Advisory (AFIA) for high-net-worth (HNW) clients targeting the defensive asset class. After a two-year stint at Income Asset Management, and close to 30 years' experience ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
ASIC has launched civil penalty proceedings against former financial adviser Osama Saad, alleging he participated in schemes designed to avoid conflicted remuneration laws and provided unsuitable advice that directed hundreds of clients' superannuation ...

HESTA lowers investment fees

ELIZA BAVIN  |  TUESDAY, 6 OCT 2026
HESTA has announced lower investment fees and costs across most of its core investment options for the 2025/26 financial year. The changes, reflected in HESTA Super's updated 30 September Product Disclosure Statement, show investment fees and costs ...

MLC Super cuts admin, investment fees

VINNY VUCAGO  |  THURSDAY, 1 OCT 2026
MLC Super will cut administration and investment fees for members from October 1, with 511,000 members set to benefit from lower costs across its superannuation options. The annual member administration fee will fall 23% from $78 to $60, reducing the ...

Developer jailed after $2.2m investment scam

VINNY VUCAGO  |  WEDNESDAY, 30 SEP 2026
A Queensland property developer has been sentenced to nine years in prison after pleading guilty to dishonestly applying more than $2.2 million in investor funds to his own use of that of others. Ian Omar Chester pleaded guilty in the Southport District ...

Interest rates at highest level in 15 years

MATTHEW WAI  |  WEDNESDAY, 30 SEP 2026
The monetary policy board of the Reserve Bank of Australia (RBA) unanimously agreed to increase the interest rate by 25 basis points to 4.6%, the highest level since 2011. The RBA said the hike was a result of inflation remaining "elevated" and risks ...

Chalmers applauds $22bn Budget deficit

ELIZA BAVIN  |  TUESDAY, 29 SEP 2026
The Budget deficit in 2025-26 was $22.3 billion, according to the Final Budget Outcome (FBO), with Treasurer Jim Chalmers saying the figure it still $6 billion better than the $28.3 billion estimated in the 2026-27 Budget. As a share of the economy ...

Australia and Indonesia explore direct stablecoin settlement

RIDDHIMA TALWANI  |  TUESDAY, 29 SEP 2026
AUDC the issuer of Australian dollar stablecoin AUDD, has signed a Memorandum of Understanding (MoU) with PT IDRX Indo Inovasi, the issuer of Indonesian rupiah stablecoins IDRX, to explore a direct cross-border settlement corridor. Under the MoU, the ...

ASX to launch overnight repo funding rate

MATTHEW WAI  |  TUESDAY, 22 SEP 2026
The Australian Securities Exchange (ASX) is bringing to life a new interest rate benchmark next week to accommodate the strong growth in the domestic repo market, alongside the continuous reliance on existing rates for funding, lending, derivatives ...