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Showing 301 - 310 of 4510 results for "Trustee"

Cyberattacks on super funds expose 'critical vulnerability'

ANDREW MCKEAN  |  MONDAY, 7 APR 2025
The spate of cyberattacks targeting major Australian superannuation funds has laid bare a "critical vulnerability" in the sector's defences, according to financial services cybersecurity consultancy firm Software@Scale. The attacks, which have so ...

Apex wins $7bn super admin mandate

KARREN VERGARA  |  FRIDAY, 4 APR 2025
... expects to take over Acurity upon finalising its acquisition of Iress in the second quarter of this year. Diversa is the trustee of several of APRA-regulated superannuation funds via an extended public offer licence. These include retail master trusts ...

Fortitude Investment Partners acquires majority stake in SMSF audit firm

MATTHEW WAI  |  WEDNESDAY, 2 APR 2025
Fortitude Investment Partners has acquired a majority stake in self-managed superannuation fund (SMSF) audit firm ASF Audits. The investment will improve ASF Audits' client experience and accelerate future growth; the primary capital investment ...

Talaria taps Equity Trustees as RE for three funds

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
... Equity Trustees can offer the firm "enhanced capability and user experience." Equity Trustees' corporate and superannuation trustee services executive general manager Andrew Godfrey said the firm's role as responsible entity is to ensure strong governance ...

HMC Capital to launch new private equity vehicle

MATTHEW WAI  |  TUESDAY, 1 APR 2025
Building on its success, HMC Capital will relaunch the HMC Capital Partners Fund I with an expanded mandate. HMC Capital Partners Fund I (HMCCP Fund I) - predominantly targeting listed investments up to 10 positions - delivered more than 55% net returns ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... (MLC), Rest, and UniSuper, found widespread failures. ASIC found examples of excessive delays and poor service, gaps in trustee data and reporting, and inconsistencies in some trustees' processes and procedures. ASIC also noted that communication and ...

Pearler Super launches, new FHSSS product imminent

KARREN VERGARA  |  MONDAY, 31 MAR 2025
Trading platform Pearler is taking on the superannuation sector in launching Pearler Super and will shortly release HomeSoon to help young Australians maximise the First Home Super Saver Scheme (FHSSS). Pearler Super is strictly targeting young members. ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
The total cost to keep APRA's enforcement activity going is set to be $243 million in the 2026 financial year, with the superannuation industry taking up about 30% of this amount. Super funds have been allocated $72.9 million to fund APRA's operations ...

MSC appoints operating chief

ELIZABETH FRY  |  THURSDAY, 27 MAR 2025
MSC Group's Shelley Brown will become second-in-command at the trustee firm following a promotion to operating chief. Credited with bringing commerciality to the risk side of the business, Brown has served as both the chief compliance officer and ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
The Financial Advice Association Australia (FAAA) has come out swinging against Treasury and its second tranche of draft Delivering Better Financial Outcomes (DBFO) reforms, saying it can't support them without "substantial change." FAAA chief executive ...