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Showing 781 - 790 of 10361 results for "Trust"

CBA appoints head of Australian economics

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Commonwealth Bank (CBA) has announced Belinda Allen will take on the role of head of Australian economics after Gareth Aird left the bank in July. Allen will be responsible for developing the bank's Australian economic forecasts, views on the Reserve ...

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
Equity Trustees will face 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 ...

Chalmers says tax reform coming, but offers no detail

ELIZA BAVIN  |  MONDAY, 25 AUG 2025
Treasurer Jim Chalmers has confirmed the government intends to cut taxes but also that broader tax reform is necessary. "When it comes to tax, the government's tax policies haven't changed. Our major focus is on cutting taxes, two more times for every ...

Local custody assets hit record $5.6tn

JAMIE WILLIAMSON  |  FRIDAY, 22 AUG 2025
... period, albeit negligible change of -0.5%. This was due to a 3.3% decline in non-Australian assets. State Street and Northern Trust round out the top three with $1.02 trillion and $931 billion in assets under custody respectively. HSBC continues to be ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
... including accountability, transparency, fairness and responsibility, we pride ourselves on synthesising the highest standards of trust, service and professional conduct," the website reads. The firm has eight active unit trusts listed on its website ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
... said. Attempted credential stuffing attacks on Cbus, Insignia Financial, Hostplus, AustralianSuper and Australian Retirement Trust in April put into question just how seriously trustees were taking their cybersecurity obligations under CPS234. The coordinated ...

Chalmers confirms super performance test changes are coming

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... account," Delahunty said. "ASFA's core message to the Roundtable when we spoke on Day 1 was that regulation is vital for trust, but when it overlaps or is outdated, it drags down member returns and that impacts productivity. "We are delighted the government ...

Grattan calls for large scale tax reform

ELIZA BAVIN  |  FRIDAY, 22 AUG 2025
... from the very generous tax discount for income from capital gains. And we know from previous research that deductions and trust income are key mechanisms to manipulate taxable income as well." Sathanapally said the solution to these problems are legislative ...

Insignia Financial back in the black

JAMIE WILLIAMSON  |  THURSDAY, 21 AUG 2025
... Financial has undergone an extensive cost optimisation program in recent years, which included transitioning its master trust technology and operations to SS&C and divesting much of its financial advice operations. The wealth manager attributed the return ...

Equity Trustees FUM tops $254bn

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Equity Trustees saw funds under administration and supervision (FUMAS) rise 28% to $254 billion in FY25. In addition, revenue rose 7% to $182.5 million, statutory net profit after tax rose 60.4% to $33.2 million, and underlying net profit before tax ...