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Showing 411 - 420 of 10673 results for "MAY 2014"

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
AMP has settled a class action brought against N.M. Superannuation, AMP Superannuation and AMP Services, agreeing to pay $120 million. The class action was brought on behalf of superannuation clients and their beneficiaries for the period of July 2008 ...

Court extends freezing orders on First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 12 SEP 2025
... with ASIC alleging $53 million of clients' funds, attained from March 2024 to July 2025 and intended for investment, may "have not been used for that purpose and may be at risk." ASIC is now concerned that a "significant proportion" of the funds ...

Salary report shows 23% pay gap for top BDMs

MICHELLE BALTAZAR  |  THURSDAY, 11 SEP 2025
More distribution executives are seeking careers in the wholesale market as demand for super fund BDMs slow, Kaizen's latest salary report shows. Kaizen's Funds Distribution Salary Guide FY2025-26 found that salaries have remained flat in the ...

ART invests $1bn in Macquarie fund

ELIZA BAVIN  |  THURSDAY, 11 SEP 2025
Australian Retirement Trust says it will deploy at least $2 billion by 2030 toward assets which can deliver returns for members whilst also generating social and environmental benefits in areas prioritised by ART. As part of its first major investment ...

Receivers appointed to two Australian Fiduciaries entities

JAMIE WILLIAMSON  |  WEDNESDAY, 10 SEP 2025
Receivers have been appointed to two related entities of Australian Fiduciaries following a Federal Court hearing this week. About $167 million is tied up currently, belonging to about 600 investors who placed their retirement savings in the Global ...

Coalition's super for housing policy 'unlikely to continue': Bragg

ELIZA BAVIN  |  WEDNESDAY, 10 SEP 2025
Shadow Housing Minister Andrew Bragg has confirmed the Coalition's controversial super for housing policy is under review. "I'm open minded as to whether there's a way it can be re-cut, but as it stands, it's unlikely to continue as our ...

AMP, Perpetual, Ironbark shutter funds

ELIZA BAVIN  |  WEDNESDAY, 10 SEP 2025
AMP, Perpetual and Ironbark have all announced they will be shuttering funds as they lack viability. AMP said it made the decision to terminate the AMP Capital Equity Fund (AMP Equity Fund), effective August 29. "The fund's small and reducing size may  ...

Future Fund achieves 12.2% in FY25, tops other instos

KARREN VERGARA  |  TUESDAY, 9 SEP 2025
Australia's sovereign wealth fund beat the returns of other institutional investors by achieving 12.2% p.a. in the last financial year and in the same breath boosted assets to a new high of $252.3 billion. Global equities from developed markets, which ...

Federal Court slaps Mawhinney with 15-year ban

KARREN VERGARA  |  MONDAY, 8 SEP 2025
Mayfair 101 Group director James Mawhinney has been banned from receiving or soliciting funds related to financial products for 15 years after the Federal Court determined he had a "cavalier attitude to compliance" and was "reckless" in operating his ...

Schroder urges 'open dialogue' with government

ELIZA BAVIN  |  THURSDAY, 4 SEP 2025
AustralianSuper chief executive Paul Schroder has warned that while superannuation funds may have the capital to invest in future infrastructure projects, the government should bear the risks. Speaking at the National Press Club, Schroder said the potential ...