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Showing 351 - 360 of 12148 results for "May"

ASIC acts against MWL, its director and lead generator

ANGELIQUE MINAS  |  THURSDAY, 13 NOV 2025
... financial advice to clients to invest their superannuation into the Shield Master Fund (Shield). It's alleged that between May 2022 and February 2024, nine MWL representatives advised at least 556 clients to invest about $114 million of their superannuation ...

SQM Research faces court over 'favourable' rating of Shield

MATTHEW WAI  |  THURSDAY, 13 NOV 2025
... under our methodology, but they were at the lower end of that scale," Christopher said at the time. "Ratings in this range may reflect characteristics such as limited operating history or areas of governance requiring monitoring. It's also important ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
... demonstrated Shield outperformed top super funds between June 2016 and June 2021, despite Shield only being registered in May 2021. While this was not approved by Interprac, ASIC said this should have raised red flags for the group about the funds, lead ...

Super performance test, DBFO reforms coming: Government

ELIZA BAVIN  |  WEDNESDAY, 12 NOV 2025
... considered, consultative, collaborative and methodical way," Chalmers said. "We've kept the reform wheels turning ever since the May 2022 election, even as the macro challenges in our economy have demanded a lot of our focus and attention, and that's ...

HESTA, Vision Super divest Israeli securities

KARREN VERGARA  |  FRIDAY, 7 NOV 2025
... genocide against Palestinians in the Gaza Strip. A ceasefire truce took effect on October 9. While Vision Super and HESTA may have divested from Israeli-linked securities, they join a host of superannuation funds who continue to invest in listed companies ...

ASIC cracks down on adviser CPD failures

ELIZA BAVIN  |  FRIDAY, 7 NOV 2025
... professional development (CPD) requirements, ASIC said. The financial regulator convened multiple sitting panels between March and May 2025. The panel decided to give four financial advisers reprimands and to take no action in relation to one financial ...

Norway wealth fund told to pause ethical divestments

JAMIE WILLIAMSON  |  THURSDAY, 6 NOV 2025
... for 16% of the fund's total stock holdings and, under the current guidelines, the fund would need to be prepared for that it may no longer be able to invest in them. Currently, the fund may choose to exclude a company based on conduct, product or alternative ...

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... reducing investment in carbon emissions," ASIC deputy chair Sarah Court said. "Consumers relying on HESTA's representation may have been denied the opportunity to make informed decisions about their preferred superannuation provider when HESTA gave ...

Prime Super fined over tobacco exclusion claims

JAMIE WILLIAMSON  |  THURSDAY, 6 NOV 2025
... international fixed income portfolios, being 0.2% of the fund's investment in the BlackRock iShares Global Bond Index Fund. As at May 2025, the holdings were valued at about $570,000. Prime Super self-reported the misleading statements and has removed ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... should explore what the notion of control means for the clients," ASIC said. "There are other superannuation vehicles that may offer the desired level of control without the client also taking on the additional responsibilities, and in some cases additional ...