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| | | Bravura has delivered an underlying net profit of $11.3 million in 1H25, up $13 million compared to 1H24. Following the turnaround in financial performance, Bravura said it is now able to recommence dividend payments. In addition, a special dividend ... |
| | | | Cbus is under investigation by APRA for possible breaches of superannuation legislation, with the regulator announcing the probe alongside a court-enforceable undertaking to address the super fund's risk management and oversight of key fund services. ... |
| | | | Assistant treasurer Stephen Jones said Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms remains a priority before he bows out of politics but fell short of confirming when the draft bill will see the light of day. Jones told a recent ... |
| | | | The federal government is backtracking on one key financial adviser education requirement by scrapping the list of approved qualifications and proposing to allow any bachelor's degree or higher. Assistant treasurer Stephen Jones this morning announced ... |
| | | | Generation Development Group (GDG) will acquire 100% of Evidentia Group for $320 million, as it looks to grow its foothold in the managed accounts space. The transaction will be partly funded by a fully underwritten equity raising of approximately $287.9 ... |
| | | | Former financial adviser Lachlan King has been permanently banned by ASIC for stealing close to $2 million in client funds, including family members. The banning took effect on February 5, with Queensland-based King currently in prison after being convicted ... |
| | | | A financial adviser who failed to provide appropriate superannuation contribution advice has been ordered by the Financial Services and Credit Panel (FSCP) to undertake further education. The adviser, referred to as "Mr. D", provided advice that led ... |
| | | | The Australian Wealth Advisors Group (AWAG) has become a major shareholder in Sequoia Financial Group. AWAG, which is also ASX-listed, has an 18.02% stake in Sequoia across more than 22.37 million securities. According to the 2024 annual report, Unrandom ... |
| | | | Industry superannuation fund BUSSQ has lost its legal challenge against APRA, with the Federal Court dismissing its bid to overturn additional licence conditions. Last August, APRA imposed additional licence conditions on BUSSQ's trustee over concerns ... |
| | | | Resolution Life's trans-Tasman life insurer, Resolution Life Australasia, has completed the acquisition of Asteron Life New Zealand. The takeover, reported last year by Financial Standard, further cements Resolution Life as the second largest life insurer ... |
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