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Showing 231 - 240 of 4565 results for "Trustee"

HESTA pays $40k fine for greenwashing

ELIZA BAVIN  |  THURSDAY, 6 NOV 2025
HESTA has paid $37,560 to comply with two infringement notices issued by ASIC for misleading statements. ASIC alleged the $100 billion super fund made misleading statements in paid advertisements about its commitment to removing carbon emissions investments. ...

Majority of SMSF establishments based on bad advice: ASIC

KARREN VERGARA  |  THURSDAY, 6 NOV 2025
Nearly two thirds of SMSFs established under the recommendations of a financial adviser are unsuitable to their needs and put retirement savings at risk, an ASIC review reveals. Of 100 financial advice files investigated, 62 failed to demonstrate compliance ...

Metrics supports efforts to raise standards in private credit

RIDDHIMA TALWANI  |  THURSDAY, 6 NOV 2025
Metrics Credit Partners has strongly supported ASIC's calls for the private credit industry to deliver enhanced standards and says it looks to play a leading role in the process. ASIC's deep dive into the private credit sector revealed fund managers ...

Perpetual confirms exclusivity with Bain Capital

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
Perpetual confirmed it is in exclusive talks with Bain Capital Private Equity to offload its wealth management business following media reports. The $232 billion fund manager said it signed an exclusivity deed with Bain Capital Private Equity to further ...

Private credit funds downplay risks, pose risk to financial system: ASIC

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
Private credit fund managers downplay the risks of their products and flout basic disclosures of the state of their investments, ASIC's investigation reveals, fearing they have the potential to harm investors, the sector itself and the broader financial ...

Macquarie sells stake in South Australian asset to ART

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
... we seek to maximise value for TIF unitholders in line with the fund strategy," Annabelle Bennett, chair of Gardior as trustee of TIF, said. MAM co-head infrastructure Asia Pacific Ani Satchcroft said MAM has been investing in and managing regulated utilities ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
... Shield Master Fund. It's estimated about $73 million was lost by Shield investors, while members of super funds ETSL is trustee of have lost about $70 million through First Guardian. He said ETSL is preparing an application to minister of financial ...

Actuaries Institute makes proposal to close advice gap

ELIZA BAVIN  |  TUESDAY, 28 OCT 2025
... complex financial advice regulations. "The HGA framework, supported by DBFO reforms, provides a pathway to resolve this 'Trustee Dilemma' while enabling funds to better serve their members," it said. It said while the DBFO reforms, once complete, should ...

Court blocks Merhi from financial services

KARREN VERGARA  |  TUESDAY, 28 OCT 2025
Venture Egg financial adviser Ferras Merhi has been banned from working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents ...

Macquarie to shed more than 240 investment options

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... regulator alleges MIM did not act efficiently, honestly and fairly when it failed to place Shield on a watch list. MIM is the trustee of the Macquarie Superannuation Plan. It oversaw about $321 million of the superannuation savings invested into Shield. ...