Financial Standard

Mulino brings New Class of Advisers to life, guarantees fairer CSLR funding

KARREN VERGARA  |    12:35PM   Assistant treasurer Daniel Mulino will forge ahead with the New Class of Advisers (NCAs) as part of highly anticipated Delivering Better Financial Outcomes (DBFO) reforms and laid out a blueprint of how the Compensation Scheme of Last Resort (CSLR) will be fairer for financial advisers.

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |    12:30PM   The government will enforce sweeping reforms around cold calling, predatory superannuation switching and managed investment schemes in the wake of the Shield and First Guardian Master Fund collapses, which lost an estimated $1 billion in retirement savings and will subsequently bestow the three major regulators new powers.

Munro Partners to acquire GSFM

VINNY VUCAGO  |    11:37AM   Munro Partners will acquire GSFM, the Australian investment fund management affiliate of CI Global Asset Management, in a deal designed to strengthen its local distribution capabilities.

Mirvac lifts FY26 earnings 7%

VINNY VUCAGO  |    11:35AM   Mirvac Group has delivered a 7% increase in FY26 operating profit to $508 million, with improved residential development performance, portfolio income growth and a strengthened funds platform supporting earnings.

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?

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.

Challenger launches retirement research institute

RIDDHIMA TALWANI   Challenger has launched the Institute for Lifetime Income, an advocacy and insights platform focused on improving financial and longevity literacy.

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%.

Treasury consults on foreign investment framework reforms

RIDDHIMA TALWANI  |    11:35AM   Treasury has opened a consultation to review existing conditions required for foreign investment approvals in Australia.

Macquarie puts KPMG audit under formal review

RIDDHIMA TALWANI   Macquarie Group chair Glenn Stevens said the investment giant is formally inquiring into KPMG's capability to deliver its audit, as well as the conduct of the audit itself, at the latest parliamentary inquiry into the consulting firm.

Former NZ Super investment head lands chief executive role

MATTHEW WAI  |    11:27AM   The former head of investments at the Guardians of New Zealand Super Fund - who left in November 2025 after a 14-year stint - has secured the top job at a national organisation.

Asset management tops salaries in product management, marketing

KARREN VERGARA   Professionals in asset and wealth management can command premium salaries in the fields of product management and development, as well as marketing and communications, the latest Parity Consulting Salary Guide and Market Insights reveals.

Australians struggle to navigate super and age pension divide

VINNY VUCAGO  |    12:38PM   Australians are approaching retirement with growing uncertainty about how superannuation and the Age Pension will work together, with new research pointing to gaps in both preparedness and confidence.

HUB24 loans $78m to HTFS, beefs up ORFR reserves

KARREN VERGARA   HUB24 has advanced $77.5 million to HTFS Nominees, the trustee of its superannuation fund, to beef up Operational Risk Financial Requirement (ORFR) reserves following APRA's imposition of licence conditions.

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.

Zerocap expands insto crypto trading capabilities

MATTHEW WAI   Zerocap, the Smorgon family-backed crypto currency investment platform, has announced a new partnership to scale its institutional crypto and FX trading capabilities.

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.