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Regulation
04 July 2025 by Keith Ford

Regulator investigating role of super trustees in Shield and First Guardian failures

ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their platforms, according to its ...
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Magellan approaches $40bn, but performance fees decline

Magellan has closed out the financial year with funds under management of $39.6 billion. Over the last 12 months, ...

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RBA poised for another rate cut in July, but decision remains on a knife’s edge

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting, ...

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Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for ...

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Markets climb ‘wall of worry’ to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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ASIC levy for investment and super sector set to rise 9%

The corporate regulator has released its estimated industry levies for FY2024–25, with the cost for the investment ...

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HESTA appoints deputy CEO

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By
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2 minute read

HESTA has elevated Debby Blakey to the deputy chief executive role.

Health and community services industry fund HESTA has appointed Debby Blakey as deputy chief executive.

Blakey previously worked at HESTA as member advice executive manager, a role which will now be filled by Chris Winton, who has joined the $18-billion fund from Equipsuper Financial Planning.
 
HESTA also appointed Teresa Holding as administration and insurance executive manager.

Holding joined from Macquarie Bank, where she was an associate director and operations manager in Brisbane.

She has also worked as enterprise solutions general manager at Statewide Financial Management Services.

 
 

In addition, the fund appointed four new directors to its board.

The new directors are Klaus Zimmermann, representing Aged and Community Services Australia, Lloyd Williams and Rosemary Kelly, representing the Health Services Union, and David Smith, representing the Australian Services Union.

Smith is an alternate director for Tim Lyons, who represents the ACTU.