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Showing 791 - 800 of 15543 results for "REV"

Equip Super, TelstraSuper terminate merger plans

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAY 2025
Equip Super and TelstraSuper will no longer merge, with the latter saying it was unlikely to achieve its objectives. TelstraSuper has decided to terminate the Heads of Agreement the two funds signed late last year, concluding it was not going to be ...

Vanguard Super leads in organic growth: KPMG

ANDREW MCKEAN  |  TUESDAY, 20 MAY 2025
Vanguard Super was the super fund with the highest organic growth rate in FY24, both in terms of assets under management (AUM) and membership, according to a KPMG report. CareSuper technically had the highest growth in AUM and membership, though this ...

AFCA looks to expand jurisdiction over receiving banks in scams

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
The Australian Financial Complaints Authority (AFCA) is opening public consultation on a string of governance changes, with a key focus on expanding its jurisdiction to include receiving banks in scam complaints. Following an engagement with an external ...

Alternatives spark 'real' opportunities for HNW advisers

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
There are an increasing number of high-net-worth (HNW) investors using alternative assets to diversify, protect against inflation and lessen returns related to the public markets, with Praemium saying advisers should look to capitalise from this trend. ...

Canadian Securities Exchange to acquire National Stock Exchange of Australia

ANDREW MCKEAN  |  MONDAY, 19 MAY 2025
NSX Limited (NSX), the operator of the National Stock Exchange of Australia, has entered into a Scheme Implementation Deed with CNSX Markets, the market operator of the Canadian Securities Exchange (CSE). Under the agreement, CNSX will acquire all remaining ...

Hearts & Minds chief exits

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
Hearts & Minds (HM1) chief executive Brett Jollie will step down, having held the role for less than a year. The board said it would restructure the leadership team, transitioning from a full-time chief executive role to a more "streamlined model". ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
Zurich Australia has paid two infringement notices totalling $37,560 issued by the Australian Securities and Investments Commission (ASIC) over alleged false and misleading statements to two policyholders. In May 2024, Zurich declined two trauma insurance ...

Former adviser accused of theft loses lengthy extradition fight

JAMIE WILLIAMSON  |  FRIDAY, 16 MAY 2025
A former financial adviser now residing in New Zealand lost a bid to stop her from being extradited to Australia to face 136 charges related to the alleged theft of clients' retirement savings. Marion Joan Pearson, formerly based in Perth, is accused ...

Bangarra Group awards real estate mandate

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Family office Bangarra Group has appointed a real estate fund manager to help it build more than 3000 homes in the UK, of which one third will be dedicated to affordable housing. London-based Fairway Capital has won the investment adviser and manager ...

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Collapsed cryptocurrency exchange FTX is set to pay out US$5 billion to creditors starting May 30. The proceeds will be distributed via the FTX Recovery Trust to eligible creditors either on BitGo or Kraken. This is the second round of distributions ...