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Showing 371 - 380 of 12163 results for "May"

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 ...

Member engagement lies in rewards, gamification: Whitepaper

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
... entertainment - it's about meeting members where they are and making super feel more relevant, more often. "Some in the industry may worry that rewards can distract from the core purpose of superannuation. But used strategically, rewards are a bridge. ...

ASIC considers 'cooling off period' for super switching

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
... with the sector as to what the practical solutions might be," Longo told the National Press Club yesterday. "The frictions may not be for every transfer. So, if you're transferring your money from one safe place to another, then that's fine. I think ...

Damian Graham jumps to Challenger

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
... effective December 1. The appointment followed a global search to replace Graham, who announced his decision to step down in May to take on the role of head of international, based in the UK. Graham was expected to take on that position at the end of ...

RBA on hold but 'not as hawkish as feared'

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
... What matters is the timelier monthly and quarterly inflation signals. If these drifts lower, rate cuts follow; if not, we may be staring at a very short easing cycle - or a surprise hike," Bassanese said. "In short -it's a case of rate cuts delayed ...

Private credit funds downplay risks, pose risk to financial system: ASIC

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
... inconsistent and unclear reporting and terms, masking portfolio risks and challenging investor decisions, ASIC said, concerned they may not provide investors with a true reflection of non-performing and distressed fund assets. Only four funds published ...