{"id":42626,"date":"2025-09-25T12:59:07","date_gmt":"2025-09-25T12:59:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/42626\/"},"modified":"2025-09-25T12:59:07","modified_gmt":"2025-09-25T12:59:07","slug":"macquarie-to-repay-thousands-of-retirement-savers-in-failed-fund","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/42626\/","title":{"rendered":"Macquarie to Repay Thousands of Retirement Savers in Failed Fund"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/MQG:AU\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Macquarie Group Ltd.<\/a> will pay back around A$321 million ($211 million) that thousands of Australian retirement savers put into a now-collapsed fund offered via its platform.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The Australian Securities and Investments Commission began court proceedings against Macquarie\u2019s investment management unit following admissions that it didn\u2019t act efficiently, honestly and fairly, according to a <a href=\"https:\/\/www.asic.gov.au\/about-asic\/news-centre\/find-a-media-release\/2025-releases\/25-215mr-macquarie-admits-to-shield-contraventions-and-commits-to-pay-affected-members\/?utm_medium=email&amp;utm_campaign=Macquarie%20admits%20to%20Shield%20contraventions%20and%20commits%20to%20pay%20affected%20members&amp;utm_content=Macquarie%20admits%20to%20Shield%20contraventions%20and%20commits%20to%20pay%20affected%20members+CID_3de8a430d1cb9d807abe4a204c370418&amp;utm_source=CampaignMonitor&amp;utm_term=Macquarie%20admits%20to%20Shield%20contraventions%20and%20commits%20to%20pay%20affected%20members\" title=\"Link to statement\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">statement<\/a> from ASIC Thursday. The firm failed to put the Shield Master Fund on a list for heightened monitoring, ASIC said.  <\/p>\n","protected":false},"excerpt":{"rendered":"Macquarie Group Ltd. will pay back around A$321 million ($211 million) that thousands of Australian retirement savers put&hellip;\n","protected":false},"author":2,"featured_media":42627,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[38133,916,138,246,15376,38132,1851,9097,111,139,69,244,245,640,644,17057,314,3912],"class_list":["post-42626","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-anz-group-holdings-ltd","tag-banking","tag-business","tag-finance","tag-investment-management","tag-macquarie-group-ltd","tag-morgan-stanley","tag-must","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance","tag-personalfinance","tag-regulation","tag-retail","tag-risk-management","tag-superannuation","tag-wealth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/42626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=42626"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/42626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/42627"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=42626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=42626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=42626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}