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| | | ... (FSC) chief executive Blake Briggs however says it is important ASIC's power doesn't lead to scope creep and proper review mechanisms are available to trustees. "If a trustee is like, 'No, actually, ASIC, you've got this fundamentally ... |
| | | | ... auditors assess asset valuations, raising concerns about the accuracy of members' retirement balances. The regulators latest review examined 42 registrable superannuation entity financial reports and six audits, identifying shortcomings in trustees' ... |
| | | | ... to favour index-based strategies, international equities and fixed income. According to Betashares' September 2026 ETF Review, industry assets increased by $5.9 billion over the month despite negative market movements of $1.1 billion. The market now ... |
| | | | ... The changes included adjustments to pre-mixed investment options as part of the super fund's annual investment strategy review. The Growth option for members in accumulation phase, for example, saw the risk level move from "high" to "medium to high." ... |
| | | | Fortnum Private Wealth will pay a penalty of $1.35 million and ASIC's costs to resolve legal proceedings against the firm over a cyber governance matter which occurred between April 2021 and May 2023. Fortnum self-reported the matter to ASIC and ... |
| | | | ... annualised net returns, consistent with the firms investment objectives, the update said. The manager added it continues to review portfolio positioning daily, with a focus on compounding client capital over a full market cycle while maintaining disciplined ... |
| | | | ... for greater investment into preventive genomic screening," Tiller said. The legislation will be subject to a statutory review every five years. |
| | | | ... Aboriginal and Torres Strait Islander customers. The Council of Australian Life Insurers has commissioned an independent review, led by Peter Kell, which made 85 recommendations to the Code. "Importantly, we made practical recommendations about where ... |
| | | | The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme. Treasury recently commenced ... |
| | | | The Macquarie Group and Macquarie Bank boards have completed a review of Macquarie's 2025 audit tender process, in the wake of the KPMG whistleblower scandal. The review, led by board governance and compliance committee chair Rebecca McGrath, considered ... |
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