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Showing 41 - 50 of 1138 results for "Representatives"

SQM Research faces court over 'favourable' rating of Shield

MATTHEW WAI  |  THURSDAY, 13 NOV 2025
... response to the Balanced class and "did not materially address the Conservative class or the Growth class" to representatives of the research house. SQM Research subsequently rated each class as 3.75 stars, where ASIC is accusing it failed to obtain ...

Interprac sued over Shield, First Guardian failures

JAMIE WILLIAMSON  |  THURSDAY, 13 NOV 2025
ASIC is taking Interprac Financial Planning to court over its failure to ensure representatives acted in clients' best interests. It's also been accused of lacking adequate risk management systems. The regulator said it was because of "critical ...

Private credit funds downplay risks, pose risk to financial system: ASIC

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
... in place. Most funds did not have effective separation between the investment committee approving loans and the representatives responsible for monitoring loan assets' performance and value after allocation into a fund, or for overseeing independent ...

First Mutual Private Equity gambled $80m of investor funds: ASIC

ANGELIQUE MINAS  |  MONDAY, 3 NOV 2025
... notice. Financial Standard understands that the funds offered by FMPE were being sold by a group of unlicensed representatives that claimed to operate under exemptions outlined in section 708 of the Corporations Act. It is understood that this was reported ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... business after failing to adequately address fees for no service misconduct by Lighthouse Partners, one of its representatives. ASIC cancelled the AFSL of Crown Wealth in March 2024, after it was placed into voluntary administration. It was previously ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... delays in probate, disputes between beneficiaries, or missing documentation - we work closely with families, their representatives and our insurer to keep the process moving. "We encourage our customers to keep their beneficiary nominations up to date ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
The retirement savings of thousands of Australians have been lost in the First Guardian and Shield failures and, while investigations are ongoing, the blame for their collapse and the misconduct that led to it is being passed around like a football ...

Insurers design framework for dealing with mental health claims

MATTHEW WAI  |  MONDAY, 13 OCT 2025
... financial losses. To proceed, a three-month targeted consultation will be held in early 2026, engaging consumer representatives, mental health advocates, superannuation trustees, financial advisers, and medical professionals, CALI said. CALI may also ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
... business at risk, a new ASIC investigation reveals. ASIC's review of 10 financial advice licensees with more than 300 representatives using OSPs over the last two years found that local practices depend on their overseas representative to ensure risks ...

Payday super laws introduced to parliament

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
The government has introduced the payday superannuation bill in the House of Representatives today. First flagged in 2023-24 Federal Budget, the legislation stipulates that from 1 July 2026, employers must pay their employees' superannuation at ...