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Showing 381 - 390 of 18691 results for "Act"

FIIG Securities fined $2.5m for lengthy cyber failures

JAMIE WILLIAMSON  |  TUESDAY, 10 FEB 2026
FIIG Securities will pay $2.5 million over cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm ...

RBA gives bleak economic outlook

ELIZA BAVIN  |  TUESDAY, 10 FEB 2026
The Reserve Bank of Australia (RBA) has revised its economic outlook, showing a higher unemployment rate and slowing GDP growth over 2026. In its Statement on Monetary Policy (SoMP), the central bank expects GDP growth to pick up slightly in the near-term ...

Treasury to reform managed investment scheme governance

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
Treasury has opened another review into the $2 trillion managed investment scheme (MIS) sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. This time, the Enhancing oversight and governance of managed investment schemes ...

Aged care advice needs regulatory intervention: Research

ANGELIQUE MINAS  |  TUESDAY, 10 FEB 2026
... report also suggested that aged care financial advice be classified as Personal Financial Product Advice under the Corporations Act. This would ensure that providers are required to have an AFSL. The paper also recommends introducing financial planning ...

Global pension assets near $90tn: Research

MATTHEW WAI  |  TUESDAY, 10 FEB 2026
Global pension assets reached a record US$68.3 trillion ($89.3tn) in 2025 across the top 22 markets, rising 9.6% year-on-year as defined contribution savings continued to drive growth, new research found. According to the Thinking Ahead Institute's ...

UN pension fund confirms leadership

JAMIE WILLIAMSON  |  MONDAY, 9 FEB 2026
The United Nations Joint Staff Pension Fund has a new lead. Robert van der Zee was permanently appointed by the United Nations Secretary General to oversee the pension fund as Representative of the Secretary General for the investment of the fund's ...

Federated Hermes enters local wholesale market

ANGELIQUE MINAS  |  MONDAY, 9 FEB 2026
Marking its entry into the Australian wholesale investor market, Federated Hermes has launched a global trade finance fund. As a feeder fund, it invests in an AUD-denominated share class of the Federated Hermes Project and Trade Finance Master Fund ...

RBA overlooked government spending in rate hike: Hearing

KARREN VERGARA  |  FRIDAY, 6 FEB 2026
The Reserve Bank of Australia (RBA) came under fire for overlooking the role government spending, which recently peaked again, has played in driving inflation and interest rate decisions. The grilling came off the back of the Monetary Policy Board upping ...

Deadline approaches for Shield, First Guardian victims

MATTHEW WAI  |  FRIDAY, 6 FEB 2026
... people who make a successful complaint to AFCA will be entitled to up to $150,000 in compensation, SCA noted, but they need to act quickly. "Thousands of people have had their retirement savings wiped out after being steered into high-risk products that ...

Future Group rejigs investment team

ELIZABETH FRY  |  THURSDAY, 5 FEB 2026
Future Group has reshuffled its investment leadership, appointing a new chief investment officer and shifting its incumbent investment lead into a strategist role. Joe Fernandes joins the group after five years at Australian Unity, where he most recently ...