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Showing 1 - 10 of 6861 results for "Act 1993"

FCA pursues Neil Woodford again

KARREN VERGARA  |  THURSDAY, 11 JUN 2026
The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform. The UK's corporate and financial watchdog ...

ASIC to take 'balanced' stance on super advertising ban rules

KARREN VERGARA  |  WEDNESDAY, 10 JUN 2026
The corporate regulator said it promises to take a "balanced" approach to enforcing new rules around any advertising of superannuation funds during the employee onboarding process, which take effect in a few weeks. From July 1, trustees and employers ...

FEATURE | Aged care: The longevity dividend

ELIZA BAVIN  |  TUESDAY, 9 JUN 2026
It's not just Australia that is dealing with an aging population, in fact the World Health Organisation estimates by 2030, one in six people will be aged 60 years or over. At that time the share of the population aged 60 years and over will increase ...

CALI seeks life insurers exemption from lead generation ban

RIDDHIMA TALWANI  |  TUESDAY, 9 JUN 2026
The Council of Australian Life Insurers (CALI) said it will argue a strong case for exemption for life insurance lead generation to not be swept up into a blanket ban designed to address misconduct in other parts of the financial system. The government ...

Franklin Templeton's Western AM hit with US$100m penalty

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
Franklin Templeton's Western Asset Management has been hit with a whopping US$100 million penalty for failing to detect and prevent its former co-chief investment officer's alleged cherry-picking scheme. The order follows the SEC's 2024 ...

Treasury releases adverse genetic test results ban draft regulation

KARREN VERGARA  |  TUESDAY, 9 JUN 2026
Treasury is seeking feedback on draft regulations that ban the use of adverse genetic test results in life insurance, which come into effect on October 8. The draft regulations under Insurance Contracts Amendment (Genetic Testing Protections in Life ...

Australian Unity to shed 195 roles

MATTHEW WAI  |  FRIDAY, 5 JUN 2026
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. "Australian Unity is progressing a strategic review ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
ASIC was pulled up by the Senate Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after ...

Canopy Investors shuts doors, winds up fund

KARREN VERGARA  |  FRIDAY, 5 JUN 2026
Canopy Investors is shutting its doors three years since launching and is in the process of winding up its flagship Global Small & Mid Cap strategy. The Bennelong Funds Management boutique was launched in early 2023 by Magellan Financial Group veterans ...

Macquarie AM launches global small caps ETF

ELIZA BAVIN  |  THURSDAY, 4 JUN 2026
Macquarie Asset Management (MAM) has launched a new systematic active ETF, expanding its existing range of active ETFs in Australia. Available today via the ASX, the Macquarie Global Small Companies Active ETF (ASX: MQXS) aims to offer Australian investors ...
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