{"id":180755,"date":"2025-09-25T12:10:07","date_gmt":"2025-09-25T12:10:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/180755\/"},"modified":"2025-09-25T12:10:07","modified_gmt":"2025-09-25T12:10:07","slug":"macquarie-to-repay-thousands-of-retirement-savers-in-failed-fund","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/180755\/","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":180756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[107017,9190,28,28228,107016,1535,107018,147,530,9107,7600,44059,25394,1432],"class_list":{"0":"post-180755","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-anz-group-holdings-ltd","9":"tag-banking","10":"tag-business","11":"tag-investment-management","12":"tag-macquarie-group-ltd","13":"tag-morgan-stanley","14":"tag-must","15":"tag-personal-finance","16":"tag-personalfinance","17":"tag-regulation","18":"tag-retail","19":"tag-risk-management","20":"tag-superannuation","21":"tag-wealth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/180755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=180755"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/180755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/180756"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=180755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=180755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=180755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}