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Showing 1 - 10 of 1325 results for "AFFECTED"

Australian Unity to shed 195 roles

MATTHEW WAI | FRIDAY, 5 JUN 2026

... recognised prior to 30 June 2026." "The aggregate gross asset value of funds under management has also been adversely affected by market volatility and net outflows in asset classes with negative performance during FY26, leading to lower than anticipated ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA | FRIDAY, 29 MAY 2026

... InterPrac Financial Planning-related determinations as court proceedings instigated by the latter are underway. For people affected, the pause in determinations mean their complaints against InterPrac will be temporarily halted before they progress to ...

Westpac fined $26m for financial hardship neglect

KARREN VERGARA | WEDNESDAY, 27 MAY 2026

... McEvoy added. Westpac made admissions of contravention in the proceeding and paid more than $1.7 million in remediation to affected customers, including refunds of fees and interest and compensation for non-financial loss. ASIC deputy chair Sarah Court ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN | MONDAY, 25 MAY 2026

... on the grounds the sentencing judge erred in finding that Forrest's false denials when initially interviewed by ASIC affected the assessment of the objective seriousness of his offending, rather than limiting this consideration to remorse and the weight ...

Financial services failing to provide consistent outcomes: AFCA

MATTHEW WAI | FRIDAY, 22 MAY 2026

... Meanwhile, over the six months to December end, AFCA has secured $1.9 million in refunds and financial remediation for affected customers. While that is almost half of what AFCA achieved in the second half of FY25 ($3.4 million), the number of complaints ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN | THURSDAY, 21 MAY 2026

... achieve the best possible returns for members. "ETSL also fully understands the deeply distressing circumstances for those affected and continues to provide members' access to counselling, wellbeing support and information," O'Brien added. In ...

ASFA joins Finance Industry Council of Australia

VINNY VUCAGO | TUESDAY, 19 MAY 2026

... superannuation has become a central pillar of Australian financial system and needed representation in policy debates affected the wider sector. "With over $4.5 trillion in assets under management and 18 million Australians with an account, superannuation ...

Mulino targets retail investor protections, high-risk MISs: SIAA

KARREN VERGARA | TUESDAY, 19 MAY 2026

... than is currently possible, so that they can prevent large collapses happening before there are thousands of investors affected." Mulino noted regulators potentially closely looking at flows into certain types of MISs where "certain red flags arise." ...

Magellan confirms job losses

ELIZA BAVIN | THURSDAY, 7 MAY 2026

... workers throughout Magellan. A Magellan spokesperson would not confirm to Financial Standard the exact number of employees affected but did confirm there would be job losses. "As a result of changes to the global equities strategy, a number of roles ...

Income support system cannot handle claims surge: CALI

VINNY VUCAGO | WEDNESDAY, 6 MAY 2026

... are calling for a more coordinated, whole of system approach to better manage rising demand and improve outcomes for affected Australians.

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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