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Showing 51 - 60 of 8515 results for "OPT"

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
Two victims of the First Guardian Master Fund linked to InterPrac Financial Planning, who collectively lost $465,000, have won a small victory in the Federal Court. Justice Beach on August 13 ordered InterPrac to pay the sums, which were calculated ...

Trustees, platforms, cyber risk under APRA spotlight

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
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 ...

ASIC draws parallels between ASX and super trustee failures

RIDDHIMA TALWANI  |  FRIDAY, 21 AUG 2026
ASIC commissioner Simone Constant has urged superannuation trustees to make good use of member data to better understand their needs as they move towards and through retirement. Speaking at an industry event, Constant said retirement is seen as an isolated ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
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 ...

Industry reacts to Mulino's sweeping reforms

RIDDHIMA TALWANI  |  THURSDAY, 20 AUG 2026
... listened to the sectors concerns and will not proceed with cooling-off periods for rollovers to SMSFs, advice fee caps or an opt-in/opt-out CSLR special levy model for SMSFs. "These were all options that were previously on the table in the lead-up to ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
APRA is targeting platform trustees' uplift in investment governance in a new consultation, which is underscored by Labor's proposed new powers that will enable it to police new capital requirements for superannuation funds that offer higher-risk options ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
The government will enforce sweeping reforms around cold calling, predatory superannuation switching and managed investment schemes (MISs) in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement ...

HUB24 loans $78m to HTFS, beefs up ORFR reserves

KARREN VERGARA  |  TUESDAY, 18 AUG 2026
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 ...

HESTA follows Cbus on death benefit nomination changes

RIDDHIMA TALWANI  |  TUESDAY, 18 AUG 2026
HESTA has introduced an option for members to make a non-lapsing binding death benefit nomination. Recently, Cbus also rolled out changes to fund's death benefit nominations, where it offered new non-lapsing binding death benefit nominations allowing ...

Allianz Retire+ channels super directly to lifetime income

MATTHEW WAI  |  TUESDAY, 18 AUG 2026
Allianz Retire+ has launched a new direct super pathway to access its guaranteed lifetime income solution for eligible Australians. Designed for individuals aged 50 to 80, Allianz Guaranteed Income for Life: Super+ (AGILE Super+) allows clients to invest ...