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Showing 361 - 370 of 13634 results for "member"

Netwealth to spend $101m compensating First Guardian victims

JAMIE WILLIAMSON  |  THURSDAY, 18 DEC 2025
After admitting it didn't sufficiently assess the First Guardian Master Fund before making it available to super members, Netwealth is being sued by ASIC and will repay $101 million to victims. More than 1000 investors had their money in the First ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The superannuation sector is expected to get a bigger tax bill with super tax receipts expected to increase by $10.9 billion over forward estimates, Treasurer Jim Chalmers revealed in the mid-year economic and fiscal outlook (MYEFO). "Superannuation ...

Equity Trustees hit with additional licence conditions

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
... in October in the wake of the Shield and First Guardian fund collapses, calling for greater oversight and protection of member assets. ETSL acts as trustee for 11 registrable superannuation entities (RSEs) and has approximately 649,000 member accounts ...

Rest exits co-investment with Motive Partners

ANGELIQUE MINAS  |  THURSDAY, 18 DEC 2025
Rest has ceased its interest in London-based data and analytics company With Intelligence, exiting its private equity co-investment with Motive Partners. Marking a significant milestone for the superannuation fund, the transaction represents its first ...

Australian Ethical appoints chief risk officer

ANGELIQUE MINAS  |  THURSDAY, 18 DEC 2025
... and senior risk and compliance roles at Perpetual, Deloitte's UK office and HSBC. In her new position, Kooyman will be a member of the executive leadership team, responsible for the business' enterprise-wide risk management framework. She will replace ...

NGS Super backs Gresham House forestry platform

ANGELIQUE MINAS  |  WEDNESDAY, 17 DEC 2025
Specialist alternative asset manager Gresham House has completed the first close of its Sustainable International Forestry Strategy Platform. It secured over $440 million in commitments, including an investment from NGS Super. Driven by a nationwide ...

Mark Delaney to step down from AustralianSuper

JAMIE WILLIAMSON  |  TUESDAY, 16 DEC 2025
... was chief executive of the latter, while former AustralianSuper chief executive Ian Silk led the former. At that time, member assets sat at about $20 billion. Today, they total more than $400 billion, held on behalf of over 3.6 million members. "Around ...

BlackRock loses $8.9bn pension fund mandate

MATT TOLEDO  |  TUESDAY, 16 DEC 2025
PME Pensioenfonds, a Dutch pension fund with $105 billion in assets, has terminated an $8.9 billion equity mandate with BlackRock due to the manager's misalignment with the fund's environmental, social and governance framework. According to a release ...

Why a single insto client is a massive business risk

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... are grappling with. Citing APRA data, the Association of Superannuation Funds of Australia (ASFA) reports that half of member money is managed with external managers while the other half is directly invested. At the end of June, nearly $1.5 trillion ...

Sequoia expects earnings hit from Shield, First Guardian

KARREN VERGARA  |  TUESDAY, 16 DEC 2025
... Guardian Master Fund and Shield Master Fund debacle. The unit, which is embroiled in the loss of $1 billion superannuation member money thanks to the collapse of First Guardian and Shield, has made $1.86 million in EBITDA, November year-to-date figures ...