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Showing 361 - 370 of 13617 results for "Member"

Mulino looks to reform CSLR

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... would be breaching that principle by forcing millions of everyday Australians who are members of highly regulated profit-to-member super funds to pay into the scheme," SMC said. "The FY26 special levy is $47.3 million, but this does not yet include the ...

AMP to pay $29m to settle class action

RIDDHIMA TALWANI  |  THURSDAY, 11 DEC 2025
AMP has settled a class action brought by Shine Lawyers in 2020, which claimed the firm's financial advisers breached their fiduciary and statutory duties to an estimated 100,000 clients. The AMP commissions and insurance class action was commenced ...

'Outdated' law gating teenagers from thousands of dollars in super: Industry

MATTHEW WAI  |  THURSDAY, 11 DEC 2025
The super industry is urging the government to scrap the "outdated" law that denies super to most under-18 workers, which is also increasing the gender gap and costing women up to $11,000 at retirement. The new analysis comes as a Pyxis survey found ...

AustralianSuper kicks off $1.1bn UK living plan with acquisition

RIDDHIMA TALWANI  |  THURSDAY, 11 DEC 2025
AustralianSuper has completed the acquisition of six student accommodations across UK, the first step in its larger plan to invest $1.1 billion in the country's living sector over the next 12 months. The $382 billion super fund has acquired the student ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
APRA is imposing additional licence conditions on HESTA, finding it was inadequately prepared to effectively oversee and manage its recent administrator change. Earlier this year, HESTA switched administration providers, transitioning from MUFG to GROW ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
... Trustees said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has thrown a ...

Cbus appoints chief financial officer

MATTHEW WAI  |  WEDNESDAY, 10 DEC 2025
... strategy and transformation, where he developed the 2030 roadmap to enhance various functions of the super fund, including member experience and internal investment management capability. More recently he was chief financial officer and chief transformation ...

APRA consults on CPS 230 amendments

ELIZA BAVIN  |  WEDNESDAY, 10 DEC 2025
... needs of regulated entities that maintain material arrangements with non-traditional service providers (NTSPs). APRA board member Therese McCarthy wrote to regulated entities explaining the regulator's proposed changes. They include exempting certain ...

Prime Super awards fixed income mandate

RIDDHIMA TALWANI  |  WEDNESDAY, 10 DEC 2025
Prime Super has appointed MFS Investment Management to manage an active global fixed income mandate. The $9 billion super fund will invest in the MFS Global Aggregate Core Plus Fixed Income strategy, which seeks to outperform the Bloomberg Global Aggregate ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... ASIC is suing Diversa Trustees for its role in the collapse of the First Guardian Master Fund, in which $300 million of member money was invested. In the Federal Court, ASIC put forth several allegations, starting with Diversa failing to conduct adequate ...