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Showing 311 - 320 of 6873 results for "Act2"

AMP, Perpetual, Ironbark shutter funds

ELIZA BAVIN  |  WEDNESDAY, 10 SEP 2025
AMP, Perpetual and Ironbark have all announced they will be shuttering funds as they lack viability. AMP said it made the decision to terminate the AMP Capital Equity Fund (AMP Equity Fund), effective August 29. "The fund's small and reducing size may ...

Samuel Terry bids for Eildon again

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Two years after making an "opportunistic" takeover bid for Eildon Capital Group, Samuel Terry Asset Management is attempting another acquisition. This time, Samuel Terry is offering 80 cents per share for the ASX-listed company. Samuel Terry, which ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Mayfair 101 Group director James Mawhinney has been banned from receiving or soliciting funds related to financial products for 15 years after the Federal Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his ...

Advisers favour third-party support in product selection

MATTHEW WAI  |  MONDAY, 8 SEP 2025
Research and asset consultants continue to play a pivotal role in financial advisers' product selection, especially in managed accounts and superannuation, Investment Trends says. According to its 2025 Adviser Product and Marketing Needs Report, which ...

NZ Super delivers 11.84%

ELIZA BAVIN  |  MONDAY, 8 SEP 2025
The New Zealand Superannuation Fund has delivered a pre-tax return of 11.84% after costs for the year ended 30 June 2025. Total fund size was up $8.4 billion from a year earlier, ending the 2025 financial year at $85.1 billion. Guardians of New Zealand ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
InterPrac Financial Planning wants to rid itself of remediation obligations regarding the collapse of the Shield Master Fund and First Guardian Master Fund, saying that victims should be "fully compensated" via superannuation funds' reserves. InterPrac ...

Two CBA class action appeals dismissed

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
Commonwealth Bank (CBA) has defeated the appeals from the Zonia and Baron shareholder class actions in the Federal Court. The Full Court concluded that the appellants did not prove any loss, and there was no award of damages. The two class actions related ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ...

ASIC, APRA outline regulatory reform opportunities

ELIZA BAVIN  |  FRIDAY, 5 SEP 2025
The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) have outlined opportunities for regulatory reform in letters sent to Treasurer Jim Chalmers and Finance Minister Katy Gallagher. APRA ...

FEATURE: Hyped up

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Financial services firms stand at a pivotal juncture. Those in one camp, with their heads buried in the sand, can no longer ignore the fact that artificial intelligence (AI), particularly its sidekick generative AI (GenAI), is everywhere. The other ...