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Showing 1 - 10 of 145 results for "Diversa"

FEATURE | Governance | Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
"No one can predict a fraud in advance. We're not clairvoyants." The chair of Diversa Trustees, Vincent Plant, testified before last month's parliamentary committee inquiry into the collapse of the Shield and First Guardian master funds. The ...

Diversa board backs chief executive pay rise, bonus amid First Guardian fallout

KARREN VERGARA  |  TUESDAY, 8 SEP 2026
Diversa Trustees' board paid chief executive Andrew Peterson a bonus of $770,000 and increased his salary at the height of the First Guardian collapse, an inquiry heard, doubling down on its confidence in his leadership and suitability to lead the ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
Diversa Trustees deflected responsibility at a parliamentary inquiry that criticised its governance and structural problems, particularly its role in the failed First Guardian Master Fund, in which members invested about $240 million. At the recent ...

Kaplan winds up pooled super trust

KARREN VERGARA  |  MONDAY, 31 AUG 2026
... $12.6 million Kaplan Pooled Superannuation Trust (PST) amid merger pressure from prudential regulator APRA. As trustee, Diversa Trustees told investors the move reflects the rising costs and compliance obligations of running the PST and the intention ...

FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... onboarded. This is a clear breach of trust." ASIC currently also has cases in the Federal Court against Equity Trustees and Diversa Trustees, both trustees-for-hire, externally licensed companies appointed to act as trustee for a fund rather than the ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
APRA has commenced an investigation into if Diversa's executive remuneration decisions were made in accordance with prudential standards and trustees' duties under the Superannuation Industry (Supervision) Act. "Prudent remuneration practices play a ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... Praemium and its subsidiaries are now caught up in the ASIC-led First Guardian legal saga, having been thrown in the mix by Diversa Trustees. Praemium this morning announced, together with Powerwrap and One Vue Wealth Services (OVWS), it received notices ...

APRA slaps additional licence conditions on HTFS Nominees

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... HUB24 is in the process of acquiring HTFS Nominees. HTFS Nominees was appointed trustee of HUB24 Super in 2020, replacing Diversa Trustees. Last December, HUB24 said it intends to transition the role of the trustee for the HUB24 Super Fund into the HUB24 ...

HUB24 sees $4bn net inflows, advances HTFS takeover

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
... said it will advance its acquisition of HTFS Nominees. HTFS Nominees became trustee of HUB24 Super in 2020, replacing Diversa Trustees. Following the announcement in January 2026 that HUB24 intended to transition the role of the trustee for the HUB24 ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... Management and Netwealth have returned $300 million and $101 million of capital to investors respectively. Netwealth, Diversa Trustees and Equity Trustees have all announced they will tap Part 23 of the Superannuation Industry Supervision Act (SIS Act) ...
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