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| | | ... the claims. ASIC alleges EQT failed to exercise the same degree of care, skill and diligence as a prudent superannuation trustee would in respect of the Shield Master Fund. It also failed to act in the best financial interests of its members, do all ... |
| | | | Superannuation trustees, platforms and cyber resilience will be under more scrutiny in the 2027 financial year from the prudential regulator. APRA laid out its priorities in its newly published 2026-27 Corporate Plan, firing warning shots at trustees ... |
| | | | ... high to meaningfully protect savings from fee erosion - and also in action," Constant said. She gave the example of one trustee that took more than a year to take any meaningful action after placing an advice licensee on a watchlist for suspicious activity ... |
| | | | The Federal Court has declared Netwealth Superannuation Services and Netwealth Investments contravened the Corporations Act in relation to the First Guardian Master Fund. ASIC commenced proceedings against Netwealth after accepting a court enforceable ... |
| | | | ... lead-up to [the] final package of reforms," Burgess said. "While we understand the rationale for introducing mandatory SMSF trustee education for prospective SMSF trustees, we welcome the acknowledgement of the work the association is already undertaking ... |
| | | | ... to direct super trustees to commence remediation where an investment option fails and there is "reasonable suspicion" a trustee has breached its obligations. In cases where a trustee is found to have failed its duties, members would be entitled to compensation ... |
| | | | ... delivered earlier and by parties more directly connected to the conduct that caused the harm, and that is the purpose of the trustee remediation reforms I announced earlier," he said. "But even with stronger consumer protections and stronger remediation ... |
| | | | ... superannuation trustees to commence remediation where an investment option fails and there is "reasonable suspicion" that a trustee has breached its obligations. In cases where a trustee is found to have failed its duties, members would be entitled to ... |
| | | | EQT Holdings (ASX: EQT), the holding company for Equity Trustees announced on the ASX it received an unsolicited, indicative and non-binding proposal from a US-based alternative investment manager. TPG Global made the bid at an indicative price of $24.55 ... |
| | | | HUB24 has advanced $77.5 million to HTFS Nominees, the trustee of its superannuation fund, to beef up Operational Risk Financial Requirement (ORFR) reserves following APRA's imposition of licence conditions. The loan comes off the back of APRA hitting ... |
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