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Showing 371 - 380 of 18698 results for "ACT"

HESTA urges government to modernise Australian retirement system

RIDDHIMA TALWANI  |  MONDAY, 16 FEB 2026
... system fairer for women and carers through an income tax system to incentivise carers to return to paid work. "If we don't act, by 2030 we could be talking about a missed opportunity worth up to $5 billion a year for Australian retirees and the economy," ...

First half steady, net inflows positive for Fiducian

KARREN VERGARA  |  MONDAY, 16 FEB 2026
... $5.6 billion from the prior corresponding period. Last October, ASIC sued Fiducian for alleged greenwashing and failing to act with care and diligence as the responsible entity of the Diversified Social Aspirations Fund (DASF) in relation to its description ...

ASIC cancels AFSL of Qld securities dealer

MATTHEW WAI  |  MONDAY, 16 FEB 2026
... February 11. ASIC found that the securities dealer had sustained "serious" breaches of its duties under s912A of the Corporations Act 2001 in its operation, including the failure to undertake due diligence prior to the appointment of CARs. ASIC said ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing. APRA chair John Lonsdale told the Senate Economics Legislation Committee that ...

Nuveen takes over Schroders for $20bn

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
TIAA's Nuveen will acquire UK fund manager Schroders for $20 billion (£9.9bn) to create a $3.5 trillion (US$2.5tn) powerhouse. Nuveen has nearly $2 trillion (US$1.4tn) in assets under management, while Schroders has $1.6 trillion (US$1.1tn). Schroders ...

Bullish on AI? Don't buy US tech: Vanguard

ELIZA BAVIN  |  FRIDAY, 13 FEB 2026
Vanguard global chief economist Joe Davis said the rapid rise of artificial intelligence (AI) has become a transformative economic force. However, while today's AI leaders dominate headlines, tomorrow's winners may look very different. Speaking at an ...

Top JBWere wealth leader heads to UBS

ELIZABETH FRY  |  THURSDAY, 12 FEB 2026
... advocacy in Australia adds depth to UBS's leadership team," the Swiss bank said in a release. UBS said Nick Hughes will act as interim head of global wealth management Australia at UBS until Bird's return. Bird's new role will see him report ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ...

Madigan Capital chair retires, transfers shares to co-owner

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Real estate debt investment firm Madigan Capital has commenced a leadership succession strategy, coinciding with the transfer of shares to joint owner CC Real. Almost a year since he stepped down as chief executive, the current chair and founder Michael ...

ASIC inquiry an 'inflection' point for ASX: Lofthouse

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Although posting strong revenue growth in the six months to December end, the ASX's total expenses for FY26 are expected to balloon as a result of ASIC's inquiry over its governance, capability, risk management frameworks. ASX posted revenue growth ...