Financial Standard

Former Income AM director launches fixed income advisory

MATTHEW WAI   A former Income Asset Management executive director has launched Ancora Fixed Income Advisory for high-net-worth clients targeting the defensive asset class.

FAAA says super trustees should stump up for CSLR

RIDDHIMA TALWANI   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.

Volatility drives buying across AUSIEX platform

VINNY VUCAGO   Investors used September's share market weakness as a buying opportunity, with eight of the 10 most traded stocks on the AUSIEX platform recording more buying than selling across advised and self-directed investors.

UniSuper says Firmus float was 'priced to perfection'

RIDDHIMA TALWANI   UniSuper chief investment officer John Pearce said the $175 billion super fund decided to not take part in the Firmus float, describing the neo-cloud company as "priced to perfection", before the initial public offering (IPO) was abandoned today.

Genetic testing ban takes effect for life insurance

VINNY VUCAGO   Australians can access genetic testing without risking discrimination in life insurance under a new ban that took effect on October 8, with the Australian Financial Complaints Authority (AFCA) also updating its rules to handle complaints involving adverse genetic test results.

Life CCC spots 10.6k breaches in FY26

MATTHEW WAI   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 Super launches new app

VINNY VUCAGO   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   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   ASIC has issued another stop order on a PDS offering units in three registered managed investment schemes.

TAL names super fund partnership lead

MATTHEW WAI   TAL has named a new partnership leader who will focus on its collaboration with a super fund, replacing Mel Jose, who left in August to join Netwealth after a two-year stint.

Five V Capital portfolio value creation lead lands new gig

MATTHEW WAI   Five V Capital head of portfolio value creation has left to join another business in the same role after almost three years.

Two in three Aussies support super top-up for carers

RIDDHIMA TALWANI   Two in three Australians support a government-funded superannuation top-up for people who take time out of paid work to care for children or other family members, according to new research.

Equip Super launches new campaign with Supercars champion

MATTHEW WAI   Equip Super has welcomed supercars champion James Courtney as an ambassador to advocate early retirement planning for Australians.

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.