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Showing 61 - 70 of 11079 results for "Account"

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
Financial adviser Christian Henry has scored a partial win in reducing ASIC's five-year ban on providing personal financial advice to three years upon appeal. Henry was initially banned by ASIC while he worked at MWL Financial Services over advice ...

Treasury looks to reform regulation on consulting firms

RIDDHIMA TALWANI  |  WEDNESDAY, 1 JUL 2026
Treasury has released an options paper to improve the regulation of accounting, consulting and auditing firms after the blowout from KPMG's whistleblower probe that found it used confidential client data in the pursuit of more tenders. The consulting ...

ASIC pushes to bolster competitiveness

ELIZA BAVIN  |  TUESDAY, 30 JUN 2026
ASIC has brought together market and financial services leaders in a push to bolster competitiveness in Australia's capital markets. This comes after new research found Australia needs to move quickly or be left behind as other jurisdictions adopt financial ...

Super system to hit $12.4tn by 2045

VINNY VUCAGO  |  TUESDAY, 30 JUN 2026
... expected to increase from 10 to 12. The top 25 APRA-regulated funds already control 97% of industry assets, while the top 10 account for almost three quarters of the market. "We expect that there will be further rationalisation, with the few remaining ...

Advice fee spike raises super concerns: SMC

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
A $1.1 billion surge in advice fees deducted from Australians' superannuation accounts over the past two years has prompted fresh calls for stronger consumer protections. This comes amid concerns younger members are being switched into higher cost ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... found could have had the "potential to have a detrimental effect on members." ASIC has successfully held Mercer Super to account following its legal action launched last August. By its own admission, Mercer Super's failures fall into three categories. ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight. ASIC's report Safeguarding super: How well are ...

NZ Super names private equity lead

VINNY VUCAGO  |  MONDAY, 29 JUN 2026
... its broad network of asset managers and investment partners," Goodwin said. Private equity and alternative investments account for about 13% of the NZ Super Fund's approximately NZ$93 billion portfolio. The appointment follows the fund's recent commitment ...

Payday Super to tackle gender super gap: Aware Super

KARREN VERGARA  |  MONDAY, 29 JUN 2026
Payday Super will help tackle the gender superannuation gap and significantly help women who have historically lost contributions via gaps created by quarterly payment cycles, according to Aware Super. The $245 billion super fund is ushering in the ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... significant financial risk," ASIC chair Sarah Court said. "These proceedings are about holding those we allege to be involved to account and sending a clear message that directors operating schemes of this kind must act in investors' best interests." ...