Latest Financial Services News

AMP Limited is set to defend itself against a new class action alleging inflated life insurance premiums and a separate dispute over a major property sale, signaling potential challenges ahead for the financial services giant.

FAR Limited shareholders receive clarity as the Australian Taxation Office confirms the recent 8-cent per share capital return is not a dividend for tax purposes.

Keybridge Capital has obtained a $9.3 million bridge funding facility from Active Asset Management, supported by an ASX waiver allowing the deal without prior shareholder approval. The funding aims to address urgent liquidity and solvency challenges while trading remains suspended.

JPMorgan Asset Management (Australia) Limited has announced the final cash distributions and reinvestment prices for several of its active ETFs for the financial year ended 30 June 2025, with payments scheduled for mid-July.

Platinum Asia Investments Limited has announced a significant restructure via a scheme of arrangement, offering shareholders the chance to exchange shares for units in a new ETF, alongside a potential special dividend. The company has secured court approval and outlined a detailed timetable for the process.

Platinum Capital Limited has secured a court date to progress its scheme of arrangement, offering shareholders a swap of shares for ETF units and a potential special dividend. Key dates and financial mechanics have been outlined ahead of the shareholder vote.

Findi Limited is applying for two key licences from the Reserve Bank of India to expand its digital payments footprint, aiming to bridge the gap between cash and digital economies across India.

Butn Limited has locked in a $100 million senior secured debt facility with Northleaf Capital Partners, marking a pivotal step in its growth strategy and refinancing existing debt.

Washington H. Soul Pattinson has completed a major repurchase of its $450 million convertible notes, retiring nearly all outstanding debt and setting the stage for potential full redemption.

Helia Group reveals ING Bank Australia will not renew its Lenders Mortgage Insurance contract beyond June 2026, prompting a strategic business review amid evolving market dynamics.

BlackRock Investment Management (Australia) Limited has announced the Distribution Reinvestment Plan (DRP) prices for its suite of Australian-domiciled iShares ETFs for the June 2025 distribution period. The update includes detailed pricing across multiple funds and important investor compliance reminders.

Findi Limited will have its trading suspension lifted on 2 July 2025 following the lodgement of its 2025 annual report, reopening its shares to market activity.