ASIC has withdrawn restrictions on two of the three La Trobe Financial funds that were halted last week.
Eliza Bavin
 | Eliza Bavin is a senior journalist at Financial Standard and one of the hosts of the Financial Standard Podcast. She has previously worked at Sky News, Yahoo Finance and Channel 9. She has a Bachelor's degree in communications (journalism) from Charles Sturt University. Connect with Eliza Bavin on LinkedIn. |
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AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million.
Inflation has hit its highest annual rate since July 2024, crushing hopes of a September cash rate cut from the RBA.
The proposed merger could see more than 1.3 million members gain access to lower fees and more extensive investment options.
Panic selling SMSF assets over concerns around the government's proposed 30% tax on super assets over $3 million is "totally unnecessary" says SMSF Alliance's David Busoli.
While the latest CPI data makes a May cash rate cut a near certainty, should Aussies still expect four further cuts from the RBA this year?
Internal documents from AustralianSuper stated: "It benefits the member by stopping the $1.50 charge on their duplicate account, but for us it means less revenue."
"We allege NAB unlawfully failed to respond to their customers' appeal for help when they needed them most," ASIC chair Joe Longo said.
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members.
A 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public, the Federal Court has found.
