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Showing 51 - 60 of 1085 results for "Superannuation trustee"

Geopolitics, AI tests prudential regulation: APRA

KARREN VERGARA  |  MONDAY, 15 SEP 2025
In addition to "worsening" cybersecurity risks, geopolitical volatility and artificial intelligence (AI) are creating "unacceptable prudential risks" for APRA. APRA member Therese McCarthy Hockey said geopolitical risk has become a "risk accelerant" ...

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 ...

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

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
InterPrac Financial Planning wants to rid itself of remediation obligations regarding the collapse of the Shield Master Fund and First Guardian Master Fund, saying that victims should be "fully compensated" via superannuation funds' reserves. InterPrac ...

Equity Trustees defies ASIC Shield Master Fund allegations

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
Equity Trustees (EQT) vows to defend itself against ASIC's lawsuit alleging it failed superannuation trustee duties over the collapse of the Shield Master Fund, as details emerge of how one of its analysts red flagged the product but was allegedly ...

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

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
ASIC is targeting the perfect storm of declining public market listings, booming private markets and the growing influence of superannuation funds as key enforcement priorities over the next four years, insisting that it is not sitting on the sidelines. ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... court over its alleged due diligence failures concerning the Shield Master Fund. ASIC flagged that as a superannuation trustee, Equity Trustees oversaw the investment of around $160 million of retirement savings into Shield over 2023 and 2024 through ...

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
... upgrades and the UK/Ireland business exit." O'Brien pointed to the strong performance of the corporate and superannuation trustee services business, which saw 53 new responsible entity and 20 custody appointments over the period, bringing the portfolio ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Sequoia Financial Group's InterPrac Financial Planning is facing $22 million worth of complaints lodged with the Australian Financial Complaints Authority (AFCA) for its advisers' role in the collapse of the Shield Master Fund and First Guardian ...

Brandes launches first fund, taps Equity Trustees

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... solution for Australian investors," Krishnamoorthy said. EQT executive general manager of corporate and superannuation trustee services Andrew Godfrey commented: "Brandes is a highly respected global investment manager with a long and disciplined track ...

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

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... Shield and First Guardian, for example, were made available through a platform. In our view, if you're a superannuation trustee, you must undertake sufficient due diligence of new investment options before you make them available to investors," he ...