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Showing 591 - 600 of 10537 results for "Close"

La Trobe shuts online portal access

ELIZA BAVIN  |  TUESDAY, 23 SEP 2025
La Trobe Financial chief investment officer Chris Paton has assured investors their money is "safe" after ASIC issued interim stop orders on the 12 Month Term Account, 2 Year Account and US Private Credit Fund Class B products. In response to the orders ...

Australian Retirement Trust chief executive steps down

JAMIE WILLIAMSON  |  TUESDAY, 23 SEP 2025
David Anderson is stepping down as chief executive of Australian Retirement Trust (ART), with Kathy Vincent to replace him. The $330 billion super fund said Anderson notified the ART board of his intention to resign, just 18 months after joining. Vincent ...

Diversa winds up struggling super fund

JAMIE WILLIAMSON  |  MONDAY, 22 SEP 2025
Diversa is closing one of its superannuation funds following a rapid decline in member accounts and funds under management. The Personal Choice Private Fund is being terminated and is expected to be wound up by 30 June 2026. All member accounts must ...

National decline in retirement confidence: AMP

ANGELIQUE MINAS  |  MONDAY, 22 SEP 2025
... in their 40s feeling financially confident about retirement. Partnered Australians feel more confident about retirement (close to three in five) as opposed to people who anticipate retiring alone (two in five) and supporting themselves financially. Only ...

Unprecedented US M&As a boon for Australia: BGA

KARREN VERGARA  |  MONDAY, 22 SEP 2025
... Hagopian counted 16,000 SEC-registered investment advisers; the RIA industry has US$144.6 trillion in AUM; and Australia has close to $1.2 trillion in AUM, excluding superannuation. "Clearly, the US has a more mature and developed market. When you think ...

Acadian hires local institutional distribution lead

MATTHEW WAI  |  FRIDAY, 19 SEP 2025
Acadian Asset Management has appointed a Sydney-based executive to strengthen its relationship with institutional investors across Australia and New Zealand. Matthew McLenaghan has been appointed senior vice president, business development, institutional ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
... unit price determined by Keystone Asset Management in April 2024. Of the four investment options, three were marked down by close to 50%, while one - the High Growth option - was marked down by 75%. Equity Trustees said it could be 18 months before victims ...

ASIC makes 'first-of-its-kind' exemption to broaden digital asset access

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
ASIC has granted class relief for intermediaries engaging in the secondary distribution of a stablecoin issued by a licensed issuer. Unlike commonly known cryptocurrencies like Bitcoin, a stablecoin, where some are considered a financial product under ...

PPS Mutual appoints new chair

ANGELIQUE MINAS  |  TUESDAY, 16 SEP 2025
Specialist insurance company PPS Mutual has announced Anthony Asher as the new chair of its board of directors. Asher brings 51 years of experience in the global life insurance industry. His career spans across the financial services sector, academia ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
Responding to the Australian Financial Complaints Authority (AFCA) consultation on Approaches to Family Violence and Financial Abuse of Older People, Super Members Council (SMC) is calling for greater safeguards for Australia's vulnerable, ageing population. ...