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Showing 151 - 160 of 3319 results for "Trustees"

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ...

Super funds test cybersecurity resilience

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... for basic protections such as multi-factor authentication (MFA). Off the back of the coordinated attacks, APRA forced trustees to carry out several actions to fix material IT security weaknesses by August 31, highlighting, in particular, the need to ...

AMP, Insignia, Bendigo products fail super performance test

KARREN VERGARA  |  FRIDAY, 29 AUG 2025
... $432 billion and platform TDPs have nearly $20 billion, while non-platform EDPs have $13.6 billion. "SPS 515 requires trustees to embed a comprehensive approach for assessing the delivery of member outcomes and improve these outcomes when targets are ...

Shield-linked advice firm director, compliance manager banned

JAMIE WILLIAMSON  |  THURSDAY, 28 AUG 2025
... into my client's ban is underway, ASIC should focus their powers on ensuring the major institutions along with those trustees and research houses involved in this Shield fiasco that misled financial advisers be held accountable." Gdanski stated that ...

ATO eyes SMSF illegal early access

KARREN VERGARA  |  THURSDAY, 28 AUG 2025
... falling behind in their lodgment obligations, and we know that lodgment is the most important compliance obligations trustees must meet. If you fail to lodge your annual return on time, there may be penalties and interest applied and SMSF tax concessions ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... capital markets are fit for the future," ASIC said. Over the next 12 months, ASIC will put more pressure on superannuation trustees to be more accountable for Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings ...

Revolution private credit trust to launch on ASX

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... targets a return of RBA cash rate + 4% p.a. net of fees. It charges a 0.95% management fee and no performance fees. Equity Trustees acts as the responsible entity. "The trust represents the natural evolution of our strategy and a significant milestone ...

Vale Raymond Mason

KARREN VERGARA  |  TUESDAY, 26 AUG 2025
... trillion in assets under management (AUM). Outside of finance, Mason was a member of Johns Hopkins University's board of trustees from 1987 to 2007, including serving as the board's chair from 2002 to 2007. He was also a trustee of Johns Hopkins ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Equity Trustees will face court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... Insignia Financial, Hostplus, AustralianSuper and Australian Retirement Trust in April put into question just how seriously trustees were taking their cybersecurity obligations under CPS234. The coordinated attacks resulted in about $750,000 taken from ...