Limited (MSAL), the broking arm of Macquarie Group, has admitted to misreporting millions of short sales over several years and has agreed with ASIC to pay a $35 million fine.

Treasury is seeking industry feedback on the proposed reforms that aim to reduce tax concessions under Division 296 "enjoyed by individuals with large superannuation balances." ...

Australian Food Super is closing two of its options that have become costly to run relative to their size and lack member interest.

Australian Retirement Trust (ART) is entering the domestic build-to-rent sector, investing in the $1.7 billion LIV Mirvac Fund, which owns approximately 2200 apartments across Brisbane, Sydney and ...

Victorian financial advice firms Coastline Advice and Edge Advisory Partners have announced plans to merge and create a multi-disciplinary advice business. The combined entity will operate under the ...

These were the top financial advice stories of the year that was. As new estimates showed financial advisers would have to fork out $70 million to fund the Compensation Scheme of Last Resort (CSLR) ...

The Queensland industry fund is searching for a new CIO following the departure of Peter Laity, who led the investment team ...

Frontier Advisors has appointed a senior executive to oversee its expanded business following its absorption of a 15-strong ...

Papua New Guinea's largest fund has appointed superannuation veteran Lachlan Baird as its new chief executive, ...

Vector Capital has added a CIO role as the digital asset specialist presses ahead with plans to bridge traditional and ...

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.