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Showing 1 - 10 of 954 results for "Superannuation Trustees"

Netwealth faces potential class action over First Guardian failure

RIDDHIMA TALWANI  |  MONDAY, 21 SEP 2026
... consultation as part of minster for financial services Daniel Mulino's reform package unveiled in August. "Superannuation trustees are a critical safeguard for Australians' retirement savings and must undertake rigorous due diligence before making ...

Three super funds fined for misleading investment options

KARREN VERGARA  |  WEDNESDAY, 9 SEP 2026
... admission of guilt or liability," ASIC said. This action forms part of the regulator's duty to hold superannuation trustees to account for member services and disclosure failures and to reinforce the importance of accurate and consistent investment ...

Acclaim Wealth names chief executive

MATTHEW WAI  |  MONDAY, 31 AUG 2026
The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm. Julie Hamilton has taken on the role of chief executive, joining ...

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |  THURSDAY, 27 AUG 2026
Equity Trustees (EQT) posted substantial growth in profits in the financial year ending June 30, despite sustaining a $7.5 million loss from its super trustee business over the period. EQT Group's net profit after tax (NPAT) was $26.4 million, reflecting ...

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
... consultation as part of minster for financial services Daniel Mulino's reform package unveiled this week. "Superannuation trustees are a critical safeguard for Australians' retirement savings and must undertake rigorous due diligence before making investment ...

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... navigating retirement without facing prohibitive advice costs. Mulino will also legislate an obligation for superannuation trustees to implement and enforce advice fee deduction caps for members. He acknowledged concerns raised by regulators about poor ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... another Shield and First Guardian disaster. Mulino proposed a new framework empowering ASIC to direct superannuation trustees to commence remediation where an investment option fails and there is "reasonable suspicion" that a trustee has breached its ...

ASIC calls out platform trustees: 'Clear breach of trust'

RIDDHIMA TALWANI  |  MONDAY, 29 JUN 2026
ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight. ASIC's report Safeguarding super: How well are ...
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