Chris Marco is at the centre of WA’s biggest fraud case in recent years, accused of deceiving more than 100 people who entrusted him with more than $250 million to deploy into high-returning investments.
Sean Smith
With legislation to enact the extra tax on superannuation balances over $3m about to be debated, attention is turning to alternate investment vehicles which can be used by anyone, not just the wealthy.
Nick Bruining
Lawyers are investigating a potential class action lawsuit against two collapsed super funds, saying Aussies could lose more than $1bn in superannuation.
Alexandra Feiam
Calls to the Australian Financial Complaints Authority seeking help with investments and SMSFs have soared in the wake of a string of high-profile fund failures.
Simone Grogan
Insignia Financial shares surged as much as 16 per cent after CC Capital agreed to buy the Australian wealth manager in a deal worth around $3.4 billion, following a months-long bidding tussle.
Adam Haigh
First Guardian owes mainly superannuation investors $442 million, but they’ve been warned to expect ‘considerably’ less.
Corporate watchdog chairman Joe Longo has warned of potential risks to superannuation savings after finding evidence of “grubby behaviour” in the booming private credit sector.
Neale Prior
Mike Young’s Somerset Partners is kicking off with as much as 40 per cent of its Somerset Global Fund invested in cash, bonds and gold to counter the re-emerging threat of inflation.
Australia’s superannuation funds are rapidly boosting their allocations to the heavyweights of US finance as rivalry heats up for access to the country’s $4.1 trillion retirement pot.
Amy Bainbridge and Jinshan Hong
When markets become volatile, many investors view cash as a safe haven. But is it truly safe in the long run? Here’s what history tells us . . .
Jovan Cvetkoski
A former banker ready to deploy $15 billion in taxpayer funds has countered critics of Government spending, owning that there will be some misses as he scouts for lucrative opportunities in WA.
Family disputes threaten to squander the national benefits of a $4 trillion transfer between older and younger Australians due to take place over the next two decades, a financial services group has warned.
More than two million current and former AMP customers have joined a class action against the wealth manager, which began in the Federal Court last week.
Rod Whithear, the man who helped slay the WA Inc zombie, is retiring from the top of the State’s insurer.
The financial services watchdog has slapped extra licence conditions on Macquarie Bank after claiming to have uncovered chronic compliance failures at the investment fee machine.
The Future Fund has outperformed the broader market and its own target but its managers warn market uncertainty could lift bond yields and reignite inflation.
Adrian Black
Macquarie Group is selling off its North American and European public investment businesses to Japanese banking and brokerage group Nomura in a deal worth about $2.8 billion.
Daniel Newell
Pioneer sued PwC in 2023, alleging the audit giant failed in its duty of care by providing wrong advice on the accounting treatment of the portfolios of consumer debt it buys from banks and other lenders.
Viburnum has sold a specialised industrials company to Cleanaway Waste Management as the rubbish handling major angles into the potentially lucrative business of retiring old oil and gas assets.
Wealthy WA philanthropist Nicola Forrest has begun making moves at her new family office by poaching a banker as the firm’s first chief executive.
Bain Capital and CC Capital each increased their takeover offers for Insignia Financial as the bidding battle for the Australian financial services firm ramped up.
Australia’s top corporate regulator fears his agency is being kept in the dark by players in rapidly growing private credit markets.
Neale Prior and Jackson Hewett
Perpetual pulls plug on $2.1 billion asset sale and warns KKR may demand break fee.
The cost of simplifying AMP’s wealth management and banking businesses has slashed profits — and a payout to shareholders.
Sean Smith and Daniel Newell
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