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Showing 711 - 720 of 18719 results for "ACT"

Complaints still too high: AFCA annual review

ANGELIQUE MINAS  |  THURSDAY, 23 OCT 2025
... financial firms that were impacted by the Shield Master Fund and the First Guardian Fund collapses," AFCA said. 'Failure to act in the client's best interest' complaints increased by 124% in the last year. Some 393 complaints related to inappropriate ...

Rumours swirl around Perpetual's wealth business sale

ELIZA BAVIN  |  THURSDAY, 23 OCT 2025
Perpetual told shareholders negotiations are ongoing for the sale of its wealth business, which was initially announced in February. This comes as Bloomberg reported Oaktree Capital has secured private credit financing from Ares Management and Barings ...

Feature: Retirement | Rewarding risk

LACHLAN COLQUHOUN  |  WEDNESDAY, 22 OCT 2025
Ben Hillier's 83-year-old mother recently went on her fourth overseas holiday this year. It was, says Hillier, at his insistence. A few years ago, his mother was convinced she wouldn't be able to travel anymore. She couldn't afford to do ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
For much of the past year or so, there has been a great deal of focus on the superannuation industry and its processing of insurance claims, largely owing to immense delays at some of the largest institutions. Stories have emerged of the likes of AustralianSuper ...

APAC insurers favour multi-alternatives strategies: Report

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
Life insurers across the Asia Pacific are favouring multi-alternatives strategies as their top asset class as it offers a more efficient path to portfolio diversification across private assets, new research suggests. BlackRock's 2025 Global Insurance ...

Listed asset managers trail ASX 200 in 2025: Morningstar

RIDDHIMA TALWANI  |  WEDNESDAY, 22 OCT 2025
Morningstar's research found most ASX-listed asset managers have underperformed the ASX 200 Total Return Index since the start of 2025. The latest industry pulse noted shares of asset managers are likely to remain volatile, as investor sentiment ...

First Guardian shaves $286m off Praemium FUA

MATTHEW WAI  |  TUESDAY, 21 OCT 2025
Praemium has calculated the impact of its exposure to the First Guardian collapse, reducing its total funds under administration (FUA) by close to $300 million. Praemium reduced its FUA by $286 million in relation to First Guardian holdings in the September ...

HUB24 sees $5.2bn in net inflows

ANGELIQUE MINAS  |  TUESDAY, 21 OCT 2025
HUB24 achieved net inflows of $5.2 billion in the first quarter of FY26, representing a 28% increase on the prior corresponding period. Total funds under administration (FUA) reached $146.5 billion, up 30%. This includes Platform FUA of $122 billion ...

ASX releases consultation on shareholder approval requirements

ELIZA BAVIN  |  TUESDAY, 21 OCT 2025
The ASX has released a public consultation paper on shareholder approval requirements for dilutive acquisitions and changes in admission status for dual listed entities. The review was announced in April this year after the ASX allowed James Hardie ...

AustralianSuper pumps $1.1bn into fresh UK investment

ELIZA BAVIN  |  TUESDAY, 21 OCT 2025
AustralianSuper has launched a new UK Living platform with an initial $1.1 billion (£500m) investment. The new platform will target investments in the UK living sector, looking to deploy funds at scale over the next 12 months. The $382 billion super ...