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Showing 421 - 430 of 8407 results for "June"

ASIC chair calls it quits

KARREN VERGARA  |  FRIDAY, 19 SEP 2025
ASIC chair Joe Longo has tendered his resignation, to finish up in 2026. In June, Longo told the Secretary to the Treasury he would not be seeking an extension of his term, which finishes up on 31 May 2026. A former lawyer, Longo replaced James Shipton ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... expertise. For example, according to ASFA's data nearly half (44%) of super funds outsourced member administration as of 30 June 2020. At the time, ASFA noted that it expected the number of funds with in-house admin functions would grow as "funds ...

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... Halstead said he was informed in May that a restructure would mean his role was no longer required and that he was let go on June 13. The ASX has faced harsh criticism from both the Reserve Bank of Australia (RBA) and the Australian Securities and Investments ...

Aware Super makes fee changes

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... rose from 0.27% to 0.29%. The $200 billion super fund also said administration fees and costs for the last financial year to June 30 included a drawdown from the fund's administration reserve of 0.01%. Aware said the amount was not deducted from member ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... external debt collection agencies on customers. ANZ ignored ASIC's concerns over its financial hardship processes in June 2023. Steps taken by ANZ to fix the issues did not work consistently, ASIC said, resulting in more that occurred up to September ...

Court extends freezing orders on First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 12 SEP 2025
... claiming they could do so under exemptions in section 708 of the Corporations Act. It is understood this was reported to ASIC in June 2024. Financial Standard did not receive a response from FMPE when it reached out in August.

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... $600,000 paid to a luxury car dealership in Brisbane may have, in part, been transferred from Avenir. ASIC had been trying since June to appoint receivers to Australian Fiduciaries and its several related entities. It was seeking to preserve the assets ...

Brighter Super to add 68k new members

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
... management (FUM), their inclusion contributes to our administration scale, benefiting all members of the fund." APRA's June data shows there are just 92 insurance-only products offered by super funds, hosting about 724,000 member accounts.

Super funds break records, inactive accounts balloon

KARREN VERGARA  |  WEDNESDAY, 10 SEP 2025
... the number of inactive accounts is also ballooning, APRA's latest statistics reveal. APRA superannuation fund data for June 2025 shows that more than 3.6 million members with a median balance of $30,218 picked AustralianSuper over other providers. ...

Fewer global equity managers underperform: SPIVA

KARREN VERGARA  |  TUESDAY, 9 SEP 2025
... Scorecard half-year analysis. Fifty-four percent of global equity general funds trailed the benchmark in the six months to June, also marking an improvement from the 84% underperformance rate for the full year to 2024. Conversely, Australian equity funds ...