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Showing 141 - 150 of 3319 results for "Trustees"

MSC awarded dual mandate from newly established litigation funder

MATTHEW WAI  |  MONDAY, 22 SEP 2025
MSC Trustees and MSC Abacus, both part of MSC Group, have been appointed as the trustee and administrator for a newly established third-party litigation funder, Ninety Mile Capital. Ninety Mile Capital is based in Melbourne and was founded by chief ...

APRA to hunt for new deputy chair

ELIZA BAVIN  |  FRIDAY, 19 SEP 2025
... work that everyone at APRA does to deliver on our important mandate, particularly in her role ensuring superannuation trustees are acting in the best financial interests of their fund members." Lonsdale commended Cole for her role in overseeing the implementation ...

Equity Trustees slashes value of Shield investments

JAMIE WILLIAMSON  |  THURSDAY, 18 SEP 2025
Equity Trustees has marked down the value of units held in the Shield Master Fund by as much as 75%, as victims petition the government for $5 million to start a recovery fund. The Save Our Super campaign, comprising victims of the Shield Master Fund ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... equivalent controls across high-risk activities." Delahunty notes that cybersecurity is now a "core responsibility" for super trustees given the scale and sensitive data they hold, meaning that the stakes are immensely high. She stresses that the super ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
After being caned by ASIC for making beneficiaries wait for more than 90 days to receive a death benefit, Cbus is vowing to pay them faster. Where members have not nominated a beneficiary, Cbus said benefit payments will be paid to the surviving current ...

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... single points of failure within entity systems, processes and dependencies. Its efforts will first target superannuation trustees, insurers and smaller banks. "We are on record with the super system that there are some things to improve, like multi-factor ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... we'd hoped to be". Speaking at a FINSIA event on Friday, Constant said there is still room to improve the ways super trustees serve their members in retirement. "A recent pulse check with APRA found that one in five trustees can't track the success of ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... Blackburn Lawyers and Slater and Gordon were jointly leading the class action. The firms alleged that AMP's superannuation trustees failed in their duties to ensure fees were set and maintained at a level consistent with members' best interests in the ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
... possible re-traumatisation due to these adversarial processes. SMC recommended the introduction of clearer guidance for trustees, greater systemic recognition of risk factors and better support for vulnerable complainants, ultimately reducing costs for ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... the mandate for super funds to act in members' best interests," he said. "While it is essential that those who misled trustees, research houses, and licensees are called to account, the Australian superannuation system has evolved to safeguard members ...