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Showing 71 - 80 of 5197 results for "2015-16 ASIC"

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... as trustees we have a diminished role'. Longo, however, failed to point out the speck in ASIC's eye. Nevertheless, ASIC has copped scathing criticisms that it too was too slow and did not do enough to protect investors, with reports stating it ...

Severe underperformance sees Polen Capital funds wound up

JAMIE WILLIAMSON  |  TUESDAY, 24 MAR 2026
Montgomery Investment Management has cut ties with Polen Capital, with the latter's responsible entity opting to terminate its funds after five years of underperformance. Polen Capital first entered the local wholesale market in 2021 through a partnership ...

APRA kicks off Retirement Reporting Framework consultation

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
APRA has launched a consultation on how it can effectively collect and report data from superannuation funds as part of its work under the Retirement Income Covenant. The prudential regulator has released details of how it can work with the industry ...

APRA greenlights Insignia Financial takeover

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2026
APRA has provided approval for Insignia Financial to be taken over by CC Capital's Daintree Bidco. Under the deal announced in July 2025, APRA's approval was required for Daintree Bidco to hold a controlling stake in Insignia Trustees. The acquisition ...

Sequoia offloads InterPrac in $50k fire sale

KARREN VERGARA  |  MONDAY, 23 MAR 2026
Sequoia Financial Group has offloaded InterPrac Financial Planning for $50,000 to Conquest Investment Partners. Sequoia said the "increasing platform withdrawals for new business for remaining advisers, despite their not being involved whatsoever with ...

FSC questions SMC's claim on younger members' super switches

RIDDHIMA TALWANI  |  MONDAY, 23 MAR 2026
... ignores the benefits that financial advice offers Australian consumers, and is not supported by evidence." Late last year, ASIC chair Joe Longo had said introducing "frictions" into the super switching process could help avoid a repeat of the First Guardian ...

Macquarie broke law by not putting Shield on watch list, says court

JAMIE WILLIAMSON  |  FRIDAY, 20 MAR 2026
... agreeing to reimburse more than 3000 super members who had been invested in Shield. This amounted to more than $320 million. ASIC did not seek a penalty against Macquarie due to the exceptional circumstances of the case, including that all members were ...

ASIC considers changes to net asset requirements

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
ASIC is seeking feedback on options for increasing the net tangible assets (NTA) requirement for responsible entities of registered managed investment schemes. In addition, ASIC is looking at increasing the NTA requirements that apply to other fund ...

'We've let our members down': Watson

ELIZA BAVIN  |  TUESDAY, 17 MAR 2026
... through retirement, that's what sets us apart. And I think some funds are really struggling with that," Watson said. ASIC has been pushing the same agenda in recent months with commissioner Simone Constant saying funds should move away from using ...

CALI pushes for advice reforms as Australians turn to AI

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
... one to talk to, and in the worst of cases, with no financial safety net to lean on when they need it most," Cupitt said. ASIC recently also urged young Australians to complement the information they seek from social media and AI with reputable and evidence-based ...