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| | | AustralianSuper is being investigated by ASIC over delays in paying out death benefits, after it remediated members last year. AustralianSuper announced last November that it would compensate around 7000 beneficiaries with $4.2 million for death benefit ... |
| | | | ASIC has officially commenced an investigation into the ASX outage that occurred in late December. On 20 December 2024, the ASX experienced a "technical issue" on its CHESS Batch Settlement that disrupted and delayed several days' trade settlements. ... |
| | | | ... arrangements, BUSSQ opted to challenge the licence conditions, steadfast that it had already undergone extensive scrutiny by the regulator over the past two years "without any adverse findings." BUSSQ chair Chris Taylor previously said the proposed licence ... |
| | | | Trading platform Syfe has upped Bell Financial Group's (BFG) bid for SelfWealth, offering 12% more at 28 cents per share. Syfe's parent company Svava has already acquired 43.4 million SelfWealth shares, representing 18.8% of shares on issue. ... |
| | | | A former financial adviser from Western Australia has pleaded guilty to five charges related to misappropriating $1.03 million of client funds. Anthony Torre was charged with five counts of stealing and eight counts of fraud in June 2022 following an ... |
| | | | Financial Services Council (FSC) chief executive Blake Briggs has said the regulatory pendulum for the superannuation, funds management, and financial advice sectors has swung too far over the last decade under successive governments. It's time for ... |
| | | | Aware Super has appointed Breckon Jones to the newly created role of head of growth, talent, and reward. Jones joins the $190 billion superannuation fund from iCare NSW, which manages the insurance and care services to the people, businesses and communities ... |
| | | | A Victorian-based self-managed superannuation fund (SMSF) auditor will remain disqualified after he failed to overturn ASIC's initial verdict. ASIC originally disqualified Nazrul Islam, of Clayton South in Victoria, from being an approved SMSF auditor ... |
| | | | Labor frontbencher, assistant treasurer and minister for financial services Stephen Jones is retiring from politics and will not contest the upcoming federal election. Jones spent 15 years as the member for Whitlam - covering Illawarra and the Southern ... |
| | | | ... to scams and fraud activity. In the letter, Constant said disrupting investment scams is a priority for ASIC and the regulator has observed "weak trustee practices" relating to scams and fraud. "Over the coming decade, an increasing number of superannuation ... |
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