Financial Standard

Sequoia gives InterPrac sale a second shot

ELIZA BAVIN  |    11:34AM   Sequoia is trying its hand at selling InterPrac Financial Planning again after its first sale attempt to Conquest Investment Management was left in the air.

Advised clients more satisfied despite heightened costs: Report

MATTHEW WAI   A new report highlighting the value of financial advisers indicates clients are even more satisfied despite a higher cost of seeking advice.

Perpetual weighed down by wealth management business

MATTHEW WAI  |    12:24PM   Perpetual Group recorded "stable" revenue of $1.4 billion in FY26, as growth was affected by lower asset and wealth management revenue.

Super trustee business dents Equity Trustees' FY26 results

MATTHEW WAI  |    12:00PM   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.

AIA Australia reveals stark gender divide in IP claims

KARREN VERGARA   New analysis from AIA Australia finds a stark difference among group insurance income protection claims when it comes to gender, with women leading mental illness and musculoskeletal-related claims.

FEATURE | Group insurance | Dusk to dawn

KARREN VERGARA   Mental-health conditions sit on a broad spectrum. When diagnoses can be as tricky as the illness itself, how are super funds and life insurers responding to the growing crisis within the national income system that's being stretched to its limits?

Half of Australians lack retirement plan: Vanguard

KARREN VERGARA  |    10:35AM   Nearly half of working-age Australians approaching retirement do not have a retirement plan, raising concerns about long-term financial preparedness and confidence, according to Vanguard.

New platform provides guidance for retirees

MATTHEW WAI   A new artificial intelligence (AI) platform has launched to fill a gap that is persisting for retiring members seeking purpose in the retirement phase.

Albanese pushes Trump on tariff exemption

RIDDHIMA TALWANI   Prime Minister Anthony Albanese asked US President Donald Trump to consider a full exemption on tariffs for Australia, or at the very least no increase from the current 12.5% subject on Australian exports to the US.

RBA on hold but keeps door open for more hikes

ELIZA BAVIN   The Reserve Bank of Australia has kept the door open for further tightening despite keeping the cash rate steady at 4.35%.

Macquarie board rejects KPMG as auditor

RIDDHIMA TALWANI  |    11:27AM   Macquarie's board has rejected KPMG as its auditor starting 2027 and will instead proceed with incumbent auditor PricewaterhouseCoopers (PwC).

AFCA moves to reinstate APT Strategy, opens doors for victims

KARREN VERGARA  |    10:27AM   The Australian Fiduciaries-linked APT Strategy has been reinstated as a member of the Australian Financial Complaints Authority (AFCA), paving the way for victims to come forward.

American Century names APAC managing director

ELIZA BAVIN  |    11:32AM   The new managing director will be based in Sydney and joins American Century from Dimensional Fund Advisors.

BT Panorama hires long-serving Russell Investments executive

KARREN VERGARA   BT Panorama hired a long-serving Russell Investments executive to lead its managed accounts division.

CBA, Colonial First State settle class action for $249m

KARREN VERGARA   Commonwealth Bank (CBA), together with Colonial First State Investments (CFSI) and Avanteos Investments, have agreed to settle the long-running Interest Rates Class Action for $249 million but deny wrongdoing.

Netwealth profit hit by First Guardian costs

VINNY VUCAGO   Netwealth reported record underlying earnings and funds under administration in FY26, though its statutory result was weighed down by $74 million in after-tax costs related to the First Guardian Master Fund collapse.

CSC tests waters on digital assets with Northern Trust

MATTHEW WAI  |    10:49AM   Commonwealth Superannuation Corporation, the super fund for public servants and the defence force, has signed a Memorandum of Understanding with Northern Trust to advance digital investment infrastructure across institutional markets.

Centuria, ResetData advance AI data centre rollout

VINNY VUCAGO   Centuria Capital Group and AI infrastructure business ResetData have partnered with CDC Data Centres to develop AI data centre infrastructure.

Family businesses turn to external chief executives: Deloitte

RIDDHIMA TALWANI   While family members will largely remain at the helm of family businesses post-succession, a Deloitte Private report anticipates a meaningful shift globally, with more businesses preferring outside professionals to step into the chief executive roles.

MST Financial broadens services to Alder & Partners

KARREN VERGARA   MST Financial has broadened its services for Alder & Partners Private Wealth Management, providing "institutional-grade investments" across managed accounts, asset allocation and research.