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Showing 51 - 60 of 6243 results for "December 1"

Binance Australia to pay $10m over deliberate customer misclassifications

MATTHEW WAI  |  MONDAY, 30 MAR 2026
The Federal Court has ordered Oztures Trading, known as Binance Australia Derivatives, to pay $10 million after it was found to have misclassified more than 85%, or 524, of its retail clients between July 2022 and April 2023. ASIC commenced legal proceedings ...

Household wealth rises 2.5%

ELIZA BAVIN  |  FRIDAY, 27 MAR 2026
Total household wealth rose by 2.5%, or $453.7 billion, in the December quarter 2025, according to the Australian Bureau of Statistics (ABS). The main reason for the rise was driven by increased property values the value of residential land and dwellings ...

GESB chief bows out after 10 years

ELIZABETH FRY  |  THURSDAY, 26 MAR 2026
Western Australia's largest public sector super fund is searching for a new chief executive following the departure of its long-serving leader. Ben Palmer, a former investment manager with GESB, will be replaced by investment chief Paul Taylor on ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
The Financial Services and Credit Panel (FSCP) issued a reprimand to a financial adviser who recommended a client roll their super over to another product, costing them their insurance coverage. The financial adviser was reprimanded this month, after ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
When Melinda Kee was sick with COVID-19, she took respite for one week. Kee saw it as an opportunity to tick off some personal administration she'd been meaning to get to, such as changing her pet and health insurance, and electricity and gas providers. ...

Severe underperformance sees Polen Capital funds wound up

JAMIE WILLIAMSON  |  TUESDAY, 24 MAR 2026
Montgomery Investment Management has cut ties with Polen Capital, with the latter's responsible entity opting to terminate its funds after five years of underperformance. Polen Capital first entered the local wholesale market in 2021 through a partnership ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
Sequoia Financial Group has offloaded InterPrac Financial Planning for $50,000 to Conquest Investment Partners. Sequoia said the "increasing platform withdrawals for new business for remaining advisers, despite their not being involved whatsoever with ...

Sequoia advances InterPrac takeover talks

KARREN VERGARA  |  WEDNESDAY, 18 MAR 2026
Sequoia Financial Group said it is in "advanced discussions" with an unnamed buyer interested in taking over InterPrac Financial Planning. Updating shareholders on the future of InterPrac, Sequoia said "discussions remain incomplete and there can be ...

L1 Group eyes golden returns with new LIC

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
L1 Group plans to raise up to $1 billion for the new L1 Gold Fund Limited and intends to list it on the ASX with the ticker code LGF. It has invited investors to apply for up to 500,000,000 shares at a price of $2 per share. It expects to commence trading ...

Aware, TelstraSuper take final steps towards merger

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2026
With a signed successor fund transfer deed, Aware Super and TelstraSuper are now just a couple of months out from merging. The two funds said they will look to transfer all TelstraSuper members to Aware in the next two months. A limited service period ...