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Showing 1 - 10 of 32873 results for "Financial"

ASIC bans advisers for dodgy Shield Master Fund advice

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
Two former MWL Financial Services financial advisers who invested clients' superannuation in the Shield Master Fund have copped bans from the regulator. Matthew Simon Bradley has ceased working in financial services for eight years after ASIC found ...

Brighter Super default members earn 11% in FY25

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
Brighter Super's MySuper option achieved 10.9% p.a. for the 2025 financial year, exceeding performance for the medium and long term. The latest result outpaced the three-, five- and 10-year time horizons of 10.3% p.a., 8.2% p.a. and 7.2% p.a. respectively. ...

GQG assets hit record high despite underperformance

KARREN VERGARA  |  WEDNESDAY, 9 JUL 2025
GQG Partners' assets jumped $4 billion to reach a record high of US$172.4 billion for the 2025 financial year despite experiencing "short-term relative underperformance". "We have continued to position our portfolios defensively, and as a result, we ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... interest to those affected. Moore has been banned from performing any function and controlling an entity that carries on a financial services business for three years, ASIC said. The banning took effect from July 3 and has been recorded on ASIC's banned ...

SIAA chief executive steps down

ELIZA BAVIN  |  WEDNESDAY, 9 JUL 2025
... "With an outstanding team I am proud to have strengthened the voice of our members as well as peer engagement, improved financial sustainability, and delivered key advocacy outcomes. There is more to be done, and my decision was not taken lightly. Ultimately ...

AustralianSuper readies tech stack for Payday Super

JAMIE WILLIAMSON  |  TUESDAY, 8 JUL 2025
... This partnership reflects MUFG Retirement Solutions' commitment to putting our clients first, delivering world-class financial and retirement services through innovative technology and operational excellence," MUFG Retirement Solutions, ANZ chief executive ...

L1 Capital, Platinum seal merger deal

JAMIE WILLIAMSON  |  TUESDAY, 8 JUL 2025
... Platinum shareholders. The merged business will be led by current Platinum chief executive Jeff Peters, while current chief financial officer Andrew Stannard and chief operating officer Joel Arber will remain in their roles. While the group will be rebranded ...

Microsoft flips AI switch on for MUFG

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
... deliver solutions that matter most to our clients." Microsoft Asia president Rodrigo Kede Lima believes AI can "redefine" financial services. "Our partnership with MUFG Pension & Market Services is a powerful example of how AI can be used responsibly ...

Blue Owl launches fund to sophisticated investors

KARREN VERGARA  |  TUESDAY, 8 JUL 2025
... to local investors in partnership with Koda Capital. The Blue Owl Credit Income Fund AUT is a feeder fund targeting financial advisers and their wholesale clients. This is the first strategy Blue Owl has launched for local investors since it began building ...

Adviser receives permanent ban over 'dishonest' conduct

MATTHEW WAI  |  TUESDAY, 8 JUL 2025
ASIC has permanently banned financial adviser Barry David King of Melbourne following several years of misusing client funds and falsifying documents. King was found to have engaged in serious misconduct, including concealing information from clients ...
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