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Showing 71 - 80 of 1608 results for "Prudent"

Equity Trustees sued over Shield Master Fund failures

ELIZA BAVIN  |  TUESDAY, 26 AUG 2025
... options for members." ASIC is alleging Equity Trustees failed to exercise the same degree of care, skill and diligence as a prudent superannuation trustee would; to act in the best financial interests of its members; and to do all things necessary to ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
Trustees' cyber-resilience is riding high on APRA's enforcement agenda over the next four years, but in the short term the regulator warned it will escalate action where necessary if they cannot prove to have basic measures in place. The prudential ...

LGT Crestone taps alternatives and ESG expert

MICHELLE BALTAZAR  |  THURSDAY, 14 AUG 2025
With its alternatives portfolio leaping from $150 million to $9 billion within 10 years, LGT Crestone has recruited an alternatives specialist from Escala Partners to join the group. LGT Crestone, a wealth manager with more than $600 billion in client ...

Treasury launches retirement phase consultations

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
Treasury has launched two consultations relating to the retirement phase, one of which seeks the right metrics and indicators to create transparency and improve retirement outcomes. The proposed Retirement Reporting Framework will require trustees to ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
APRA has placed an additional $5.5 million capital requirement and additional licence conditions on KeyInvest over risk framework flaws and questionable long-term objectives. KeyInvest is a life insurance company and friendly society that primarily ...

HESTA snags Equip Super risk chief

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
HESTA has named its new chief of risk, recruiting from Equip Super. Natalie Alford will join HESTA as chief risk officer on November 3 after an eight-year tenure at Equip Super as chief risk officer. At HESTA, Alford will support the group's risk ownership ...

Special feature: Shaping private markets

ELIZABETH FRY  |  TUESDAY, 29 JUL 2025
Custodians are stepping up as regulators target super funds' $3.5 trillion private asset rush. Australia's super funds face mounting scrutiny over their rapid shift into private markets, as concerns grow about transparency, valuations and liquidity ...

Northern Trust selected to test tokenised asset uses

ELIZA BAVIN  |  THURSDAY, 10 JUL 2025
Project Acacia - first announced by the Reserve Bank of Australia (RBA) and Treasury back in September 2024 - will now include industry participants to explore how digital currencies and existing settlement infrastructure might support the development ...

Mercer SmartPath returns exceed 12%

KARREN VERGARA  |  TUESDAY, 8 JUL 2025
Mercer Super Trust's default lifecycle option made more than 12% p.a. for the 2025 financial year for members aged between 18 and 52. The Mercer SmartPath returned between 12.3% p.a. and 12.6% p.a. For the same age range over a five-year horizon ...

HESTA returns 10.18% to members

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
... option has delivered 10.18% for the 2024/25 financial year, with the fund crediting the performance of listed equities and prudent management of market volatility for the result. The outcome represents the third consecutive year of annual returns above ...