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Showing 451 - 460 of 10674 results for "MAY 2020"

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
Costs associated with remediation and its simplification strategy put a slight dent in AMP's half-year net profits, coming in at $98 million. Released this morning, AMP's results show a 5% drop in interim net profit, largely attributed to $11 ...

SQM sheds light on Shield Master Fund, First Guardian ratings

MATTHEW WAI  |  WEDNESDAY, 6 AUG 2025
SQM Research is facing scrutiny over its questionable ratings of the defunct Shield Master Fund and First Guardian schemes. SQM Research managing director Louis Christopher has released a statement overnight explaining the assigned ratings. Christopher ...

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
Former 'YouTube fundie' Neil Woodford and his defunct company have been collectively fined more than £45 million ($94m) by the Financial Conduct Authority (FCA). The regulator fined Woodford £5.89 million ($12.1m) and banned him from being ...

First Super reduces admin fees

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
The $5 billion super fund for the paper, pulp and timber industries is cutting administration fees for most of its members. From September 1, the flat administration fee paid by First Super accumulation members each week is dropping from $1.87 to $1.65. ...

Treasury launches consultation on CSLR breaching sub-sector levy caps

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
Treasury today launched a consultation on the Compensation Scheme of Last Resort (CSLR), considering options on how to deal with estimates that have drastically exceeded sub-sector levy caps. Released late Friday, the consultation paper is seeking feedback ...

Return to office mandates to harm firms, careers

JAMIE WILLIAMSON  |  FRIDAY, 1 AUG 2025
Return to office mandates will have a detrimental impact on companies' ability to retain and attract talent, with a specialist recruiter saying the career aspirations of women and Gen Z will also be heavily impacted. An in-depth review by Parity ...

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
FNZ employee shareholders have officially filed a lawsuit against FNZ, alleging the global technology firm and its board substantially diluted their ownership with several capital raises. FNZ B class shareholders filed the class action at the High Court ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
ASIC fired a stern warning to superannuation funds about "passing the buck" to financial advisers and shedding responsibility for overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
Custodians are stepping up as regulators target super funds' $3.5 trillion private asset rush. Australia's super funds face mounting scrutiny over their rapid shift into private markets, as concerns grow about transparency, valuations and liquidity ...

Former CBA chief economist joins UniSuper

ELIZA BAVIN  |  TUESDAY, 29 JUL 2025
UniSuper has announced that former Commonwealth Bank (CBA) chief economist Stephen Halmarick will join its investment committee as an independent (non-director) member. The $149 billion super fund said Halmarick will commence his tenure on 1 August ...