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Showing 431 - 440 of 8713 results for "Regulator"

ASIC bans adviser attached to UGC, MWL

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
... business or performing any function involved in the carrying on of a financial services business for seven years. The regulator said Videkanic gave inappropriate advice to certain clients which was not in their best interests between July 2020 and February ...

Complaints still too high: AFCA annual review

ANGELIQUE MINAS  |  THURSDAY, 23 OCT 2025
The Australian Financial Complaints Authority's (AFCA) annual review shows that in FY25, and for the second consecutive year, more than 100,000 complaints were lodged. In investments and advice, large scale collapses in the financial advice industry ...

Equip Super searches for new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 23 OCT 2025
The industry super fund is on the lookout for a new chief executive following the resignation of Scott Cameron. Cameron has led Equip Super for six years, taking over when Equip entered a joint venture with Catholic Super to operate under the Togethr ...

Insignia Financial posts strong quarter

MATTHEW WAI  |  THURSDAY, 23 OCT 2025
Insignia Financial delivered a strong first quarter for FY26, with funds under management and administration now exceeding $340 billion. Over the period, the business saw total net inflows of $1.0 billion, driven by $1.3 billion of net inflows into ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... of the scale of delays but did not report the issue to ASIC in a timely manner and, when it did, allegedly misled the regulator as to whether the issue was ongoing. Also in November 2024, AustralianSuper paid $4.2 million in remediation to about 7000 ...

Adviser banned after $11.3m loss

ELIZA BAVIN  |  WEDNESDAY, 22 OCT 2025
... involvement in the Noon Investment Fund and the Quant Fund, after a ruling by Administrative Review Tribunal (ART) allowed the regulator to make the ban public. ASIC said Northcott used algorithms to conduct foreign exchange trading with investors' money. ...

ASIC slaps MWL adviser with ban over Shield involvement

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment ...

First Guardian shaves $286m off Praemium FUA

MATTHEW WAI  |  TUESDAY, 21 OCT 2025
Praemium has calculated the impact of its exposure to the First Guardian collapse, reducing its total funds under administration (FUA) by close to $300 million. Praemium reduced its FUA by $286 million in relation to First Guardian holdings in the September ...

ASIC issues interim stop orders to TruePillars

RIDDHIMA TALWANI  |  TUESDAY, 21 OCT 2025
ASIC has told private credit manager TruePillars to halt distribution of its product disclosure statements (PDSs) for two offerings. The interim orders prevent the fund from offering, issuing, selling or transferring interests in the Pooled Unit and ...

APRA flags growing trustee complacency on retirement strategies

RIDDHIMA TALWANI  |  FRIDAY, 17 OCT 2025
APRA is concerned about a growing lack of urgency among superannuation trustees to develop and implement retirement income strategies. APRA deputy chair Margaret Cole, speaking at the Innovation in Retirement conference in Sydney, said the APRA-ASIC ...