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Showing 141 - 150 of 1485 results for "Master"

ASIC blasts managed funds' poor compliance plans

KARREN VERGARA  |  MONDAY, 2 JUN 2025
... the poorest, followed by the treatment of IDR requirements. "Some responsible entities had wrongly relied on parts of the master compliance plan of a fund operated by a different responsible entity. Consequently, these funds had no substantive compliance ...

Age-based super strategies could add thousands to retirement savings

ANDREW MCKEAN  |  THURSDAY, 22 MAY 2025
... strategies, according to analysis from Russell Investments. Russell Investments, the operator of the Russell Investments Master Trust, which manages $12 billion in assets and serves over 80,000 members across various super offerings, estimated this would ...

Lendlease looks at royal joint venture

ELIZA BAVIN  |  THURSDAY, 15 MAY 2025
... portfolio to release longer-dated capital at or slightly above book value, halve its future funding obligations, accelerate master planning with government clients and generate future fee income," Lendlease said. Lendlease add that should the deal go ...

NAB MySuper class action settlement approved

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAY 2025
The Federal Court approved the $65 million settlement that was reached in December. At the end of 2024, MLC Super Fund, NULIS Nominees and MLC Nominees agreed to settle the class action that was brought against it for deferring the transition of members ...

Ascent Investment mastermind cops 33 criminal charges

KARREN VERGARA  |  MONDAY, 12 MAY 2025
Michael Dunjey, the mastermind behind a $149 million alleged Ponzi scheme, has been charged with 33 criminal offences. On May 9, the Perth Magistrates Court charged Dunjey, the director of Ascent Investment and Coaching, with 23 counts of fraud under ...

FNZ faces revolt from employee shareholders

KARREN VERGARA  |  TUESDAY, 29 APR 2025
FNZ employee shareholders are revolting against the global technology firm for allegedly diluting their ownership by US$4.5 billion with three capital raises in 12 months. A group of past and present FNZ employees are threatening a class action against ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
Future Group is growing again, taking on the Zurich Master Superannuation Plan and a small MLC product. The Zurich Master Superannuation Plan will be merged into the Smart Future Trust alongside the MLC Insurance Only product that currently sits inside ...

Insignia Financial trims $5bn off FUM

JAMIE WILLIAMSON  |  WEDNESDAY, 23 APR 2025
... of $393 million. The MLC Expand Advised products saw close to $500 million in net inflows in the quarter. The super, or Master Trust, division was also down 1.9% - again, on the back of market volatility and pension payments of more than $300 million. ...

Shield Master Fund terminated, new receivers for Keystone Asset Management

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
The Shield Master Fund (SMF) has been terminated while its responsible entity Keystone Asset Management (KAM) has been appointed a new receiver and administrator. The troubled SMF was terminated on April 10 after the new receiver, Alvarez & Marsal ...

Apex awarded $2.3bn fund admin mandate

MATTHEW WAI  |  MONDAY, 14 APR 2025
... it said. The announcement follows a mandate for Apex's superannuation business to administer Diversa Trustees $7 billion master trust business at the start of the month. Under the agreement, Mutual Limited's adviser network will benefit from Apex's streamlined ...