After admitting it didn't sufficiently assess the First Guardian Master Fund before making it available to super members, Netwealth is being sued by ASIC and will repay $101 million to victims.

Day's exit also follows that of several other senior Cbus staff in recent times. These include deputy chief executive Marianne Walker and chief investment officer Brett Chatfield.

Global infrastructure manager Stonepeak will acquire Allgas, a gas distribution network in Queensland. The US$80 billion asset manager has bought the network from APA Group, Marubeni Corporation, and ...

The Federal Court has appointed receivers for the assets of First Mutual Private Equity and its sole director Gregory Raymond Cotton over allegations investor funds were gambled.

Perpetual announced its intent to sell the wealth management business in February 2025. On November 5, Perpetual confirmed the exclusive agreement with Bain Capital Private Equity to progress the sale ...

Payments related to the Support for Seniors program are expected to increase by $326.4 million in 2025-26 and $3 billion over the four years to 2028-29, largely reflecting a higher-than-projected rate ...

The superannuation sector is expected to pay an additional $10.9 billion over the forward estimates compared to the March Budget.

APRA has slapped Equity Trustees with additional licence conditions over concerns relating to its investment governance frameworks and practices.

Australian Ethical has appointed Natalie Kooyman as chief risk officer, effective 9 February 2026. Bringing over two decades of industry experience, Kooyman leaves her most recent position as head of ...

Rest exited its private equity co-investment with Motive Partners in data and analytics company With Intelligence.

Morningstar Australasia has hired two investment professionals to its manager research team, adding expertise in fixed ...

AMP's investment platform North is launching a digital capability to enhance efficiency and client engagement.