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Showing 61 - 70 of 4249 results for "Action"

Crole exits Sequoia effective immediately

KARREN VERGARA  |  WEDNESDAY, 22 JUL 2026
... Group as chief executive effective immediately as the fallout from the Shield and First Guardian master funds and legal action against subsidiary InterPrac Financial Planning rolls on. Crole said his decision is "in the best interests of the company ...

KPMG finds new chief executive

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... independence and integrity during the pursuit of the Macquarie audit contract. It has since detailed a governance overhaul and action plan to address integrity issues across the firm. "I do not underestimate the task ahead but commit to our clients and ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... roughly in line with the 33-per-year average across the previous decade. What has changed is the size of the penalty each action produces, Adaca found. The 29 infringement notices issued equated to a total of $8.3 million - which has been the largest ...

New 'high-risk' derivatives on the rise

MATTHEW WAI  |  MONDAY, 20 JUL 2026
... (AFSL). "ASIC takes unlicensed conduct seriously and where it identifies serious misconduct it won't hesitate to take further action." ASIC said it will continue to monitor developments in the digital assets space and is working with providers to ensure ...

Prime Value licence suspended over reporting failures

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... investment schemes. While those issues have been rectified, the regulator said the reporting failures warranted regulatory action. Under the suspension, Prime Value is prohibited from issuing interests in its managed investment schemes to new investors. ...

Aussies ditch 'Great Australian Dream,' pursue 'Great Australian Lifestyle'

KARREN VERGARA  |  FRIDAY, 17 JUL 2026
... control of when and how they retire," she said. "What's encouraging is that younger Australians appear to be responding with action and engaging earlier with their finances. They're talking openly and honestly about money, setting goals, superannuation ...

Treasury expects regulators to do the heavy lifting

MATTHEW WAI  |  FRIDAY, 17 JUL 2026
Treasury has released new Statements of Expectations (SoE) for the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), with an emphasis on how the regulators should promote a more sustainable ...

Swedish PE giant sweetens offer bid for Perpetual

RIDDHIMA TALWANI  |  THURSDAY, 16 JUL 2026
... offer and said there is no certainty the proposal will result in a binding offer. It told shareholders to not take any action at this time. "The Perpetual board remains confident in Perpetual executing its strategy, including its simplification program ...

FEATURE | Retirement | A layer of confidence

MATTHEW WAI  |  THURSDAY, 16 JUL 2026
... are satisfied with taking out all or most of their super. About one-third (31%) of pre-retirees are currently taking no action to prepare for retirement, the research shows, and as much as 21% of pre-retirees don't know what they'll do with their ...

NAB-owned WealthHub cops $1m ASIC fine

VINNY VUCAGO  |  WEDNESDAY, 15 JUL 2026
... manner, missed multiple opportunities to address the root cause of the reporting failures, failed to take adequate corrective action and did not lodge a reportable situation report to ASIC until January 2023," ASIC said. The panel further stressed market ...