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Showing 61 - 70 of 5360 results for "2015-16 ASIC"

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
...  ASIC to re-register APT Strategy on July 2. APT Strategy provided advice in relation to managed investment schemes (MISs). ASIC estimates 600 retail investors invested about $160 million into MISs run by Australian Fiduciaries since February 2020, predominantly ...

FSC raises the bar for PC managers with fresh standards

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
The Financial Services Council (FSC) has released a new standard and guidance note for members on private markets, with a special focus allocated for private credit managers. Both the FSC Standard No. 30: Private Markets Best Practice Principles (mandatory) ...

Second bidder emerges for Equity Trustees

MATTHEW WAI  |  MONDAY, 24 AUG 2026
... recommendation of the First Guardian Master Fund. Equity Trustees has since announced that it is defending against the claims. ASIC alleges EQT failed to exercise the same degree of care, skill and diligence as a prudent superannuation trustee would ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... retirement," Kee added. "And another month of emotional and financial pressure on families who have already endured far too much." ASIC recently withdrew legal proceedings against Sequoia after it entered an undertaking not to put the Cross Deed of Guarantee ...

ASIC draws parallels between ASX and super trustee failures

RIDDHIMA TALWANI  |  FRIDAY, 21 AUG 2026
ASIC commissioner Simone Constant has urged superannuation trustees to make good use of member data to better understand their needs as they move towards and through retirement. Speaking at an industry event, Constant said retirement is seen as an isolated ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
... Superannuation Services and Netwealth Investments contravened the Corporations Act in relation to the First Guardian Master Fund. ASIC commenced proceedings against Netwealth after accepting a court enforceable undertaking requiring it to compensate ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
APRA is targeting platform trustees' uplift in investment governance in a new consultation, which is underscored by Labor's proposed new powers that will enable it to police new capital requirements for superannuation funds that offer higher-risk options ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
The government will enforce sweeping reforms around cold calling, predatory superannuation switching and managed investment schemes (MISs) in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement ...

Global investment manager bids for Equity Trustees

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
EQT Holdings (ASX: EQT), the holding company for Equity Trustees announced on the ASX it received an unsolicited, indicative and non-binding proposal from a US-based alternative investment manager. TPG Global made the bid at an indicative price of $24.55 ...