Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 221 - 230 of 4509 results for "Trustee"

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
In addition to "worsening" cybersecurity risks, geopolitical volatility and artificial intelligence (AI) are creating "unacceptable prudential risks" for APRA. APRA member Therese McCarthy Hockey said geopolitical risk has become a "risk accelerant" ...

Aware Super makes fee changes

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... taken from the fund's administration reserve that had accumulated over previous years from administration fees paid to the trustee", Aware said. The maximum Retirement Bonus amount also increased from 1 July 2025, meaning members could receive a maximum ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
ASIC commissioner Simone Constant says that three years into the Retirement Income Covenant, things are "not where 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 ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ...

SMC calls for greater protections against financial abuse of older Australians

ANGELIQUE MINAS  |  MONDAY, 15 SEP 2025
Responding to the Australian Financial Complaints Authority (AFCA) consultation on Approaches to Family Violence and Financial Abuse of Older People, Super Members Council (SMC) is calling for greater safeguards for Australia's vulnerable, ageing population. ...

Samuel Terry bids for Eildon again

KARREN VERGARA  |  MONDAY, 8 SEP 2025
... 63.08% of Eildon, said the latest offer marks a 13.4% premium to the last close price on August 29. Samuel Terry is the trustee for the Samuel Terry Absolute Return Active Fund, which has $1 billion in assets under management. The fund invests in local ...

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

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
InterPrac Financial Planning wants to rid itself of remediation obligations regarding the collapse of the Shield Master Fund and First Guardian Master Fund, saying that victims should be "fully compensated" via superannuation funds' reserves. InterPrac ...

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
Still reeling from the coordinated cyberattack in April, superannuation funds will test their cybersecurity resilience and see what lessons they have learned under a drill provided by the Gateway Network Governance Body (GNGB). Taking place on Thursday ...

Legalsuper updates investment, insurance fees

KARREN VERGARA  |  TUESDAY, 2 SEP 2025
... costs will continue to be paid from the fund's reserves. An amount of 0.02% will be paid from the fund's reserves to the trustee as a fee on or after September 1 and will fund the Trustee Resilience Reserve (TRR) to allow the trustee to manage its personal ...