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Showing 31 - 40 of 4841 results for "July 2013"

FSC raises the bar for PC managers with fresh standards

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
The Financial Services Council (FSC) has released a new standard and guidance note for members on private markets, with a special focus allocated for private credit managers. Both the FSC Standard No. 30: Private Markets Best Practice Principles (mandatory) ...

HESTA reduces fees, minimum balance for income stream

MATTHEW WAI  |  MONDAY, 24 AUG 2026
HESTA will reduce administration fees and lower the minimum balance required to start an income stream account from September 30. The fixed administration fee for all retirement products will be reduced by 16.7% to $65 p.a., while the asset-based fee ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
Two victims of the First Guardian Master Fund linked to InterPrac Financial Planning, who collectively lost $465,000, have won a small victory in the Federal Court. Justice Beach on August 13 ordered InterPrac to pay the sums, which were calculated ...

Trustees, platforms, cyber risk under APRA spotlight

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
Superannuation trustees, platforms and cyber resilience will be under more scrutiny in the 2027 financial year from the prudential regulator. APRA laid out its priorities in its newly published 2026-27 Corporate Plan, firing warning shots at trustees ...

Perpetual hit with double whammy redemption, impairment

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
Perpetual's earnings will be slugged with a massive impairment thanks to an unnamed client redeeming nearly $6.5 billion (US$4.6bn) from a strategy run by Thompson, Siegel & Walmsley LLC (TSW). Perpetual said it was notified last week of the client's ...

Zurich completes ClearView takeover

VINNY VUCAGO  |  FRIDAY, 21 AUG 2026
Zurich Financial Services Australia has completed its acquisition of ClearView Wealth, with the insurer now the registered holder of all ClearView shares. The scheme of arrangement was approved by ClearView shareholders on 27 July 2026 and by the Supreme ...

Super funds show unpreparedness on Payday Super

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
Since the commencement of Payday Super, super funds have improved their implementation but improvement is required based on the findings from a payroll provider during the transition. SuperAPI, a payroll reg-tech infrastructure provider, revealed how ...

Viridian launches national broking business

VINNY VUCAGO  |  TUESDAY, 18 AUG 2026
Viridian Financial Group has launched Viridian Lending, bringing the mortgage broking operations under a single national brand as the group seeks to strengthen links between brokers and financial advisers. The launch completes the integration of the ...

Challenger lifts earnings fuelled by annuity sales

VINNY VUCAGO  |  TUESDAY, 18 AUG 2026
Challenger has delivered a 3% increase in normalised net profit after tax to $468 million for FY26, alongside stronger annuity sales and a significant increase in shareholder returns. The result was supported by a 19% increase in annuity sales to $6.2 ...

ASFA defends super as 'policy success' amid Bragg criticism

VINNY VUCAGO  |  FRIDAY, 14 AUG 2026
The Association of Superannuation Funds of Australia (ASFA) has pushed back against criticism of the compulsory system saying it has delivered significant gains for retirement security and reduced pressure on the federal budget. ASFA chief executive ...