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

Search Results

Showing 291 - 300 of 34728 results for "Fund"

Three super funds fined for misleading investment options

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... by ASIC for misleading members about their investment options' asset allocation and performance objectives. Each super fund was slapped with two infringement notices totalling $39,600 after ASIC identified "alleged false or misleading representations ...

State Street appoints head of Asia Pacific

RIDDHIMA TALWANI  |  WEDNESDAY, 9 SEP 2026
... financial services experience across investment services, pension, investment and wealth management. Previously, he was head of fund services product development for Asia Pacific at J.P. Morgan. "Tim is a proven leader with deep investment services expertise ...

Shorter CSLR payout timeframe awaits major bill passage

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
The looming passage of a major bill will amend how levies are collected under the Compensation Scheme of Last Resort (CSLR) and, in turn, speed up compensation payments to eligible victims. The reform is part of the Regulatory Reform Omnibus Bill 2026 ...

MAM acquires half of Aware Super's Victorian land registry stake

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
... Secure Electronic Registries Victoria (SERV), the private operator of Victoria's register of land. The superannuation fund will continue to retain and manage the remaining 50% ownership. The Victorian government has granted SERV a 40-year concession ...

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
ASIC has banned former Sequoia Financial Group managing director and chief executive Garry Crole for 10 years, following the events that unfolded under his leadership. Crole was a director of InterPrac Financial Planning from 20 August 2004 to 1 December ...

Industry, economist blasts One Nation's super agenda

RIDDHIMA TALWANI  |  TUESDAY, 8 SEP 2026
Industry bodies and an economist have criticised One Nation's plan to let Australians redirect part of their superannuation into take-home pay, warning the policy would fuel inflation and leave workers significantly poorer in retirement. One Nation ...

Active equity managers lag benchmarks: SPIVA

VINNY VUCAGO  |  TUESDAY, 8 SEP 2026
... the weakest performers, with 78% failing to beat the S&P/ASX 200, which gained 2.4% during the period. The average active fund returned 0.2% on an equal-weighted basis and 0.4% on an asset-weighted basis. If the trend continues, 2026 would record the ...

CareSuper earns place among pension fund giants, ART breaks into top 20

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
... placing it the 19th spot. AustralianSuper's $361 billion (US$260bn) assets make it the top-ranking Australian pension fund, inching one spot to 16th from the prior year's 17th placement. Rest and HESTA, which each manage nearly $90 billion (US$65bn) ...

Norges Bank slashes exposure to US government bonds

MATTHEW WAI  |  MONDAY, 7 SEP 2026
Norges Bank Investment Management (NBIM), the investment manager of Norway's sovereign wealth fund, the Government Pension Fund Global, has proposed a major restructuring of the fund's exposure on US government bonds. "We consider that the three ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... inquiry that criticised its governance and structural problems, particularly its role in the failed First Guardian Master Fund, in which members invested about $240 million. At the recent Parliamentary Joint Committee on Corporations and Financial Services ...