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Showing 311 - 320 of 19924 results for "Bill"

FES Super to no longer supplement returns in default

JAMIE WILLIAMSON  |  FRIDAY, 13 FEB 2026
The Fire and Emergency Services Superannuation Fund (FES Super) has reworked its default option as it looks to ensure performance test success. FES Super offers six investment options to members, the default being the Smoothed option. As of this month ...

Senate questions APRA's role in Shield, First Guardian disaster

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
APRA's role as prudential regulator in the wake of the First Guardian Master Fund and Shield Master Fund collapses came under the spotlight at a recent parliamentary hearing. APRA chair John Lonsdale told the Senate Economics Legislation Committee that ...

Nuveen takes over Schroders for $20bn

KARREN VERGARA  |  FRIDAY, 13 FEB 2026
TIAA's Nuveen will acquire UK fund manager Schroders for $20 billion (£9.9bn) to create a $3.5 trillion (US$2.5tn) powerhouse. Nuveen has nearly $2 trillion (US$1.4tn) in assets under management, while Schroders has $1.6 trillion (US$1.1tn). Schroders ...

GQG reports increased FUM despite $5.5bn outflows

ELIZA BAVIN  |  FRIDAY, 13 FEB 2026
GQG Partners has reported funds under management (FUM) for FY25 of $231.27 billion (US$163.9bn), a 7.1% increase. This comes despite outflows of $5.5 billion (US$3.9bn) for the period ending 31 December 2025. GQG chief executive Tim Carver said despite ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ...

Legalsuper makes additions to leadership team

JAMIE WILLIAMSON  |  THURSDAY, 12 FEB 2026
The $7.5 billion fund added a chief operations officer position and welcomed a chief member officer. Legalsuper executive manager, business enablement and risk John Robinson has been promoted to chief operations officer. Robinson, who has more than ...

Hostplus extends relationship with Melbourne Storm

JAMIE WILLIAMSON  |  THURSDAY, 12 FEB 2026
The industry fund is sponsoring the National Rugby League team for a further three years, saying the partnership has supported its member growth. The new agreement sees Hostplus sponsoring the team through to the end of the 2028 NRL season, which would ...

Division 296 bill tabled, suggested reforms fall on 'deaf ears'

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Although the tabling of the super tax bill was largely supported by the industry, the SMSF Association (SMSFA) remains concerned about the likelihood of "unintended" consequences. Yesterday, Treasurer Jim Chalmers introduced the Treasury Laws Amendment ...

Madigan Capital chair retires, transfers shares to co-owner

MATTHEW WAI  |  THURSDAY, 12 FEB 2026
Real estate debt investment firm Madigan Capital has commenced a leadership succession strategy, coinciding with the transfer of shares to joint owner CC Real. Almost a year since he stepped down as chief executive, the current chair and founder Michael ...

RBA veteran leads AOFM review

KARREN VERGARA  |  WEDNESDAY, 11 FEB 2026
A Reserve Bank of Australia (RBA) veteran has been appointed to lead an independent review into the Australian Office of Financial Management (AOFM). Treasury of the Secretary Jenny Wilkinson commissioned the independent review after it was requested ...