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Showing 91 - 100 of 18824 results for "ACT"

Sovereign wealth funds ramp up direct private investments

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
A new survey on global sovereign wealth funds (SWF) found assets under management allocated to private markets is becoming more active, with funds increasingly manage these exposures in-house than through third-party managers. The survey by Bain and ...

Apex takes on Mercer's NZ fund admin business

VINNY VUCAGO  |  THURSDAY, 25 JUN 2026
Apex Group has expanded its presence in New Zealand, agreeing to onboard Mercer New Zealand's fund administration operations as part of its broader growth strategy across Australasia. The transaction, expected to complete in the fourth quarter of 2026 ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
... decisions were made in accordance with prudential standards and trustees' duties under the Superannuation Industry (Supervision) Act. "Prudent remuneration practices play a critical role in driving sound governance and protecting the best financial interests ...

KPMG details action plan to address whistleblower probe

RIDDHIMA TALWANI  |  WEDNESDAY, 24 JUN 2026
... "Trust will only be rebuilt through sustained action and demonstrable change. We are determined to confront what went wrong, act transparently and ensure these failings are not repeated," Stavros said. "The parliamentary committee's enquiries highlighted ...

Pendal shutters Global Select Fund

KARREN VERGARA  |  WEDNESDAY, 24 JUN 2026
Only five years after it debuted, Pendal has terminated its Global Select Fund, an actively managed international equity strategy. Due to the fund's relatively small size, as well as ongoing running costs being a higher proportion of total assets, Pendal ...

Small fee increases cost nest eggs $77k: Vanguard

KARREN VERGARA  |  WEDNESDAY, 24 JUN 2026
A new analysis from Vanguard Australia shows superannuation funds charging marginal fee increases can cost members $77,000 in retirement. Full-time workers paying an extra 0.5 percentage points in fees each year can cost $77,000 by the time they reach ...

New Forests expands US forestry footprint

VINNY VUCAGO  |  WEDNESDAY, 24 JUN 2026
New Forests has expanded its presence in North America after acquiring 44,200 acres of forestry assets in Washington State, marking a significant addition to the firm's growing US portfolio. The forestry assets, acquired from Campbell Global, are predominantly ...

IFM builds Atlas Arteria stake to majority

RIDDHIMA TALWANI  |  WEDNESDAY, 24 JUN 2026
IFM Investors has been slowly creeping control over Atlas Arteria through on-market stock purchases, finally crossing the 50% ownership mark. Last week, IFM had raised its stake in Atlas Arteria from 34.5% to 38.3%, just a day after it raised its offer ...

Greens, Labor agree on LRBA ban on SMSFs

MATTHEW WAI  |  WEDNESDAY, 24 JUN 2026
... borrowing arrangements (LRBAs) with residential properties and aims to pass the bill in the coming fortnight. It described the act as an exploitation of a "loophole" where investors use SMSFs to buy up tax-advantaged properties and proposed to remove ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
Praemium and its subsidiaries are now caught up in the ASIC-led First Guardian legal saga, having been thrown in the mix by Diversa Trustees. Praemium this morning announced, together with Powerwrap and One Vue Wealth Services (OVWS), it received notices ...