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Showing 11 - 20 of 1604 results for "Investigation"

TelstraSuper did fall foul of IDR obligations: Federal Court

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... stated: "It was not sufficient...for the IDR delay notifications issued by TelstraSuper to merely state that "the investigation into the cause of your complaint is ongoing", or words to that effect. This statement is an incident of the circumstance that ...

FSC ups expectations on platform trustees' governance

JAMIE WILLIAMSON  |  THURSDAY, 16 APR 2026
A new standard from the Financial Services Council aims to strengthen governance practices across superannuation platforms, including limiting unadvised members to simpler investments, enhancing due diligence of options, and greater oversight of advisers ...

ASIC bans former adviser Rhys Reilly for 10 years

KARREN VERGARA  |  MONDAY, 13 APR 2026
... misconduct" in which he flogged the First Guardian Master Fund in return for conflicted remuneration. ASIC's investigation into Reilly, which remains ongoing, found he accepted $100,000 in conflicted remuneration while recommending clients invest ...

Super funds must protect members, says Kirkland

MATTHEW WAI  |  FRIDAY, 27 MAR 2026
The detriment of Shield and First Guardian Master Funds undermines trust in the superannuation system, ASIC commissioner Alan Kirkland warned, saying trustees must revise their processes to avoid exploitation by super switching schemes. Speaking at ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... should have triggered closer scrutiny of these investments," ASIC deputy chair Sarah Court said. "Following ASIC's investigation, Macquarie paid members quickly, providing them certainty by returning them to the position they were in before their retirement ...

Former MWL Financial adviser banned for six years

ELIZA BAVIN  |  TUESDAY, 10 MAR 2026
... assets of the scheme so that they may be recovered, to the extent available, for the benefit of investors while the investigation is continuing.

UK influencers fined over promotion of unauthorised forex scheme

JAMIE WILLIAMSON  |  FRIDAY, 27 FEB 2026
... this month after pleading guilty to charges of issuing unauthorised financial promotions. It followed a years-long investigation by the Financial Conduct Authority (FCA), which culminated in charges being laid in 2024. The seven were former The Only ...

AFCA receives record complaints in 2025

MATTHEW WAI  |  THURSDAY, 26 FEB 2026
... considered the "largest single batch" of complaints AFCA has ever managed. Around 900 matters are currently still under investigation. "We know that large-scale financial firm collapses can have a profound impact on people and their families. We're working ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
In the six months from 1 July 2025 to 31 December 2025, the corporate watchdog received 9686 reports of misconduct (ROMs), raising 13,036 issues, new data from ASIC shows. ASIC said the increase in ROMs was driven largely by corporate governance concerns ...

First half steady, net inflows positive for Fiducian

KARREN VERGARA  |  MONDAY, 16 FEB 2026
... Court's process," said Singh in an update, noting FIMS as responsible entity has fully cooperated with ASIC's investigation to date. "The company will keep the market informed of progress of the proceedings in accordance with its disclosure requirements. ...