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| | | ... that can creep in. It can be really subtle initially. Someone can still have capacity, but there could still be a criminal action that's going on." |
| | | | The lack of asset-specific advice is increasing the advice gap for SMSFs in Australia, an expert said at the SMSF Association (SMSFA) Conference. During a panel discussion, Easy Super director Natalia Clack said she understood that financial advisers ... |
| | | | ... First Guardian matters. So far it has spent $1 million (net of insurance) on legal and advisory services to defend the action brought by ASIC in August last year and a further $1.1 million on improving its superannuation governance processes and responding ... |
| | | | ... generation services and the nature of the arrangements. Where needed, ASIC said it will take disruptive and enforcement action. It comes on the back of the collapses of the First Guardian Master Fund and Shield Master Fund, both of which were spruiked ... |
| | | | ... practices of some trustees. The gaps were in areas such as onboarding practices, monitoring of investment options, and remedial action where member outcomes are not being delivered," he said. The collapse of the two funds has affected 11,000 members ... |
| | | | AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ... |
| | | | Although posting strong revenue growth in the six months to December end, the ASX's total expenses for FY26 are expected to balloon as a result of ASIC's inquiry over its governance, capability, risk management frameworks. ASX posted revenue growth ... |
| | | | ... Fund) and Commonwealth Essential Super. It was later expanded to include Avanteos Investments Limited (AIL). The class action claims members invested in cash and deposit options provided by CBA received a lower interest rate than they could have received ... |
| | | | ... 11,000 people invested over $1 billion, Treasury said the alleged practices by employees "highlighted the need for further action to protect consumers in the superannuation and financial services sectors." Treasury is taking submissions until February ... |
| | | | Global pension assets reached a record US$68.3 trillion ($89.3tn) in 2025 across the top 22 markets, rising 9.6% year-on-year as defined contribution savings continued to drive growth, new research found. According to the Thinking Ahead Institute's ... |
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