Federal Court imposes $4m penalty on industry fundBY CHLOE WALKER | TUESDAY, 18 JAN 2022 12:51PMThe Federal Court has imposed combined penalties of $4 million on Statewide Super for providing members with misleading information regarding their insurance and failing to report the issue to ASIC in the time required. Related News |
Editor's Choice
AustralianSuper engages TAL to create retirement option
|The new option is expected to be available in early 2025.
Lombard Odier brings plastic circularity fund down under
|Lombard Odier Investment Managers (LOIM) is bringing its Plastic Circularity Fund to Australia, following a first close last year with backing from the sovereign wealth fund of Monaco, among others.
Treasury releases draft legislation for new $3m super tax
|The SMSF Association has slammed the proposed changes, claiming it will result in more red tape, costs and unexpected outcomes.
Castlerock embarks on $30m capital raise
|Property fund manager Castlerock is aiming to raise $30 million to expand its portfolio focused on government-leased assets.
Products
Featured Profile
Brian Parker
CHIEF ECONOMIST
AUSTRALIAN RETIREMENT TRUST
AUSTRALIAN RETIREMENT TRUST
To Brian Parker, the best investment ideas are the ones that make common sense. As chief economist of Australian Retirement Trust, Parker combines his analytical prowess and interpersonal skills to better member education and outcomes. Chloe Walker writes.
Disappointing to see Statewide Super, its staff and members suffering the repetitional damage caused by a shortcoming in governance and risk management. A great fund with an unblemished record, a sad day for the thousands of loyal members and employers. A wakeup call for the fund as it merges with HostPlus.