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Showing 141 - 150 of 10658 results for "Set"

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... Situations Regime)." Mercer Super will pay ASIC's costs of $1.2 million. "In addition, the penalty in respect of the third set of contraventions reinforces the need for financial services licensees to design and operate systems that are 'joined ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
... onboarded. This is a clear breach of trust." The report urged trustees to monitor fee caps based on an appropriate cost of advice, set appropriate minimum balance requirements to deduct advice fees, review prompts or thresholds for risk-based checks ...

Lendlease divests from UK build-to-rent asset

RIDDHIMA TALWANI  |  FRIDAY, 26 JUN 2026
Lendlease has divested out of its build to rent (BTR) assets in the UK to Greystar. The divestment alongside its partner Canada Pension Investment Board (CPP Investments) consists of a portfolio of 904 residence at Elephant Park in South London. The ...

Former Brighter Super investment lead plots return

MATTHEW WAI  |  FRIDAY, 26 JUN 2026
... a six-month hiatus, former Brighter Super chief investment officer Mark Rider is returning to the superannuation industry, set to join another super fund next month. Rider has been named general manager, investments at Primer Super, filling the role ...

Greens, Labor agree on LRBA ban on SMSFs

MATTHEW WAI  |  WEDNESDAY, 24 JUN 2026
The Australian government is backing the Greens' policy to put a stop on self-managed superannuation funds (SMSFs) from purchasing residential properties with any capital assistance, arguing the sector is currently gating nearly two million properties ...

NZ Super extends Movac relationship with $35m investment

MATTHEW WAI  |  TUESDAY, 23 JUN 2026
The NZ Super Fund is extending its decade-long partnership with Movac by injecting $35 million in its latest capital raise for Movac's Growth Fund 7 (MGF7). MGF7 has raised $185 million at first close, almost doubling its initial target of $100 million ...

ASIC moves to preserve derivatives and securities relief framework

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
ASIC is seeking industry feedback on plans to remake four legislative instruments covering exchange-traded derivatives, securities transfers and securities lending arrangements, ahead of their scheduled sunset later this year. The regulator said the ...

Powerhouse Ventures partners with European fund manager

KARREN VERGARA  |  MONDAY, 22 JUN 2026
... is expected to anchor the fund with US$50 million in limited partner capital, subject to definitive agreements. The fund is set to formally launch in the September quarter under the co-managed arrangement, which sets outs equal representation for both ...

Start-ups, small businesses win CGT reform carveouts

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... yesterday, the new rules will apply from 1 July 2027 to individuals, trusts and partnerships. Negative gearing reforms are also set to take effect on this date. Residential property will be limited to "new builds that genuinely add to housing supply." ...

ASIC slaps adviser with 10-year ban, strips AFSL

MATTHEW WAI  |  FRIDAY, 19 JUN 2026
... the Administrative Review Tribunal for a review of ASIC's decision, with a hearing date for a review on the decision not yet set. Newbound was an authorised representative of Freedom Wealth Services until 17 June 2026, and a credit representative and ...