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Showing 31 - 40 of 944 results for "Superannuation Trustees"

APRA to hunt for new deputy chair

ELIZA BAVIN  |  FRIDAY, 19 SEP 2025
... work that everyone at APRA does to deliver on our important mandate, particularly in her role ensuring superannuation trustees are acting in the best financial interests of their fund members." Lonsdale commended Cole for her role in overseeing the implementation ...

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
... single points of failure within entity systems, processes and dependencies. Its efforts will first target superannuation trustees, insurers and smaller banks. "We are on record with the super system that there are some things to improve, like multi-factor ...

AMP settles class action for $120m

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... Blackburn Lawyers and Slater and Gordon were jointly leading the class action. The firms alleged that AMP's superannuation trustees failed in their duties to ensure fees were set and maintained at a level consistent with members' best interests in the ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... safeguards must be fully utilised." InterPrac is in the process of issuing ORFR activation requests to superannuation trustees which placed the Shield and First Guardian investment suites on their platforms. "We request that the superannuation trustees ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... capital markets are fit for the future," ASIC said. Over the next 12 months, ASIC will put more pressure on superannuation trustees to be more accountable for Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... Shield which had no track record. Those members ultimately saw their super balances eroded," Court said. "Superannuation trustees play a critical role helping people save for their retirement. We expect them to do so with care and skill and put the interests ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... complaint, and recoveries from the receivership of the funds and from third parties, including auditors and superannuation trustees. Sequoia also said the financial outcome depends on the professional indemnity insurance from relevant parties and existing ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... licensees using lead generation services through to platforms that host the investment options. But it is superannuation trustees, Longo said, that have a responsibility to the end investor. "Both Shield and First Guardian, for example, were made available ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... are at the standard required." This is in light of ASIC handing down a scathing review on the state of superannuation trustees failing to monitor or report on their death benefit claims handling processes from start to finish. All the while, many super ...

Super funds, banks say cybersecurity is now their biggest concern

ANDREW MCKEAN  |  FRIDAY, 27 JUN 2025
... 48% said the same for operational risk. Notably, cyber security risk was rated particularly high among superannuation trustees. Financial risks such as credit risk and market risk, financial system stability, and climate risk, received a critical and ...