Financial Standard

FAAA says super trustees should stump up for CSLR

RIDDHIMA TALWANI  |    11:57AM   The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme.

HNW clients value quality over fees: Praemium

VINNY VUCAGO   High-net-worth (HNW) Australians who receive ongoing financial advice are more confident in their investments than those managing their wealth alone, new research from Praemium and CoreData found.

Ellerston to shutter another Morphic fund

ELIZA BAVIN   Ellerston Capital will close the Morphic Ethical Equities Fund, terminating the last remaining Morphic Asset Management fund under its umbrella.

RQI Investors launch emerging markets strategy

VINNY VUCAGO   RQI Investors has launched a new emerging markets strategy backed by seed capital from a major Australian super fund, as the quantitative equities manager expands its offering and investment team.

Life CCC spots 10.6k breaches in FY26

MATTHEW WAI  |    12:00PM   The Life Code Compliance Committee has published its FY26 annual report, which saw over 10,600 breaches by insurers with close to 30,000 customers affected.

AMP launches new insurance product

VINNY VUCAGO   AMP has launches North Protect, a new insurance offering designed to make it easier for eligible clients to consolidate group insurance with their superannuation and investments on North.

AMP Super launches new app

VINNY VUCAGO  |    11:47AM   AMP Super has launched a new app aimed at helping members better understand their retirement position, plan for the future and manage income.

AMP, CFS and Vision Super get the Epic Retirement Tick

RIDDHIMA TALWANI   Three super funds, AMP Super, CFS FirstChoice and Vision Super, have joined the line-up of funds that have received the Epic Retirement Tick from Chant West and the Epic Retirement Institute.

Lowe slams government spending

ELIZA BAVIN   Former RBA governor Philip Lowe has slammed government spending, public policy and overregulation revealing his thoughts on the current state of the economy.

Interest rates at highest level in 15 years

MATTHEW WAI   The monetary policy board of the Reserve Bank of Australia unanimously agreed to increase the interest rate by 25 basis points to 4.6%, the highest level since 2011.

MUFG's acquisition of GROW approved

ELIZA BAVIN  |    10:48AM   The ACCC approved the merger saying GROW Inc was "not an effective and vigorous competitor" and concerns were raised over its long-term financial viability.

ASIC issues more stop orders amid private credit crackdown

ELIZA BAVIN  |    10:20AM   ASIC has issued another stop order on a PDS offering units in three registered managed investment schemes.

Australian Unity names chief executive for home health

RIDDHIMA TALWANI  |    11:44AM   Australian Unity has named Anne McCormack as the chief executive and group executive for its home health division, effective January 2027.

HESTA unveils new leaders for property, financial risk

MATTHEW WAI  |    11:06AM   HESTA has named a pair of general managers, who will be joining the $107 billion super fund, joining from Aware Super and QIC.

Super funds bring more investment management inhouse

VINNY VUCAGO  |    11:44AM   Australian superannuation funds are taking greater control of investment management, with internal teams accounting for a growing share of assets as funds increase in scale and investment sophistication.

Minister's proposal to avert tariffs 'ill-advised': SMC

MATTHEW WAI   The Super Members Council (SMC) has rubbished minister for trade and tourism Don Farrell's suggestion to invest super member's savings in US meat-processing facilities to avert lamb tariffs.

Finura brings AI engineering in house with merger

MATTHEW WAI   Finura Group has merged with a software engineering business to bring artificial intelligence agent technology and sovereign cloud services in house.

AI overtakes superfunds for investor education

VINNY VUCAGO   Artificial intelligence (AI) has overtaken superannuation funds as a source of investment information among younger, highly knowledgeable Australian investors, according to new research from Global X.

Australia's family offices surpass $323bn in assets

RIDDHIMA TALWANI   Family offices in Australia have surpassed $323 billion in assets, according to data from Rainmaker Information.

Mining, property fuel Aussie billionaires' wealth

KARREN VERGARA   Australian billionaires' riches are highly concentrated in mining, financial services, technology and property, accounting for 0.7% of the total US$15.1 trillion in global wealth studied by the 2026 Billionaire Census.