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Showing 1 - 10 of 4309 results for "LIC"

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
Diversa Trustees deflected responsibility at a parliamentary inquiry that criticised its governance and structural problems, particularly its role in the failed First Guardian Master Fund, in which members invested about $240 million. At the recent ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
The corporate watchdog received around 9800 tip-offs of misconduct from the public in the first six months of the year. Retail investor issues and governance matters continued to dominate reports received by ASIC, which together accounted for over four ...

Swyftx confirms executive line up

MATTHEW WAI  |  THURSDAY, 3 SEP 2026
Swyftx has confirmed its leaders, including its chief executive who served as the managing director at Lazard for nearly a decade previously. Andrea Yuen has stepped into the role of chief executive, while Cathryn Lyall has become the chair after acting ...

Pengana takes WAM feud over PIA to Takeovers Panel

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2026
... thwart the Wilson Asset Management-led board's share buyback and increased ownership in the Pengana International Equities LIC (PIA), hoping the Takeovers Panel will intervene. Pengana is seeking to prevent the shareholder-approved buyback from eventuating ...

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA  |  MONDAY, 31 AUG 2026
Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise. Hejaz Islamic Super had 2600 members and more than $98 million in ...

Acclaim Wealth names chief executive

MATTHEW WAI  |  MONDAY, 31 AUG 2026
The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm. Julie Hamilton has taken on the role of chief executive, joining ...

FEATURE | Managed accounts | Industrialising advice

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
Consider a situation where a financial adviser believes an investment is no longer suitable for their clients. Perhaps a fund manager is underperforming or a stock held directly by clients needs to be sold. In the past, advisers would often have to ...

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Equity Trustees (EQT) posted substantial growth in profits in the financial year ending June 30, despite sustaining a $7.5 million loss from its super trustee business over the period. EQT Group's net profit after tax (NPAT) was $26.4 million, reflecting ...

CSC tests waters on digital assets with Northern Trust

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Commonwealth Superannuation Corporation (CSC), the super fund for public servants and the defence force, has signed a Memorandum of Understanding (MoU) with Northern Trust to advance digital investment infrastructure across institutional markets. The ...

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |  THURSDAY, 27 AUG 2026
The Australian Fiduciaries-linked APT Strategy has been reinstated as a member of the Australian Financial Complaints Authority (AFCA), paving the way for victims to come forward. AFCA today announced APT Strategy, which is in liquidation, is once again ...
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