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Showing 401 - 410 of 11112 results for "Account"

Diversa hit with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 23 DEC 2025
APRA has imposed additional licence conditions on Diversa Trustees in the wake of the Shield and First Guardian collapses. APRA said it has concerns relating to Diversa's investment governance frameworks and practices, including oversight of platform ...

GDG hires chief financial officer

KARREN VERGARA  |  TUESDAY, 23 DEC 2025
Generation Development Group (GDG) has appointed a new chief financial officer as the incumbent steps down after more than seven years. Terence Wong has resigned from his role as finance chief and will stay with the company until June 2026. Wong joined ...

Pump and dump conspirators sentenced

MATTHEW WAI  |  TUESDAY, 23 DEC 2025
The four people who conspired in a pump and dump scheme were delivered their sentences at the Sydney District Court, ASIC said. Larisa Quinlan, Kurt Stuart, Emma Summer, and Syed Yusef have been sentenced to between 14 months and two years' imprisonment ...

Trustees up sponsorship deals, Hostplus takes lead

KARREN VERGARA  |  MONDAY, 22 DEC 2025
Hostplus leads the charge on sporting sponsorship deals as the superannuation sectors' budget for marketing and advertising also balloons, even as APRA cracks down on non-essential expenditure. According to newly released APRA data, Hostplus spent ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... communications from staff at the fund which said: "It benefits the member by stopping the $1.50 charge on their duplicate account, but for us it means less revenue". The exchange came after the Federal Court fined the super fund $27 million for dragging ...

Drummond Capital broadens access to private markets offering

MATTHEW WAI  |  FRIDAY, 19 DEC 2025
... a new private income portfolio designed to support retirement income. The Drummond Private Markets Separately Managed Account (SMA) was launched on the BT Panorama platform in May 2024, offering high-net-worth (HNW) clients access to a portfolio of private ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... financial adviser was banned after being found guilty of stealing $640,000 from a deceased client's superannuation account, but it turned out that wasn't all he was guilty of. 6. Advisers banned for dodgy Shield Master Fund advice Some of the ...

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
... defendants and is continuing to investigate misconduct relating to Shield and First Guardian to hold those involved to account." APRA has also accepted a court enforceable undertaking from NSS, saying it has demonstrated material weaknesses in its investment ...

Receivers appointed to First Mutual Private Equity

MATTHEW WAI  |  THURSDAY, 18 DEC 2025
The Federal Court has appointed receivers for the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton over allegations investor funds were gambled. Robert Woods and Salvatore Algeri of Deloitte SRT have been appointed ...

Increases coming for veterans' superannuation

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... $37,000 to $45,000 to match the top of the second income tax bracket. The maximum payment will also increase to $810 to account for recent increases in the Superannuation Guarantee (SG) rate. "This change will provide low-income workers with a fairer ...