Financial Standard

Budget 2024: Stage 3 tax cuts to take effect July 1

ELIZA BAVIN   The Stage 3 tax cuts will go ahead as planned after the Albanese government made some adjustments to help those struggling with the cost-of-living crisis.

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN   From tax cuts to investment into financial support services, the Federal Budget aims to reduce cost-of-living pressures for Australians.

Budget 2024: Change to foreign investment rules

ELIZA BAVIN   Foreign investors will be put under more scrutiny before being allowed to invest in Australia as part of a raft of new reforms.

Bell Financial Group launches Tandem Securities

ANDREW MCKEAN   Bell Financial Group has today launched Tandem Securities, an end-to-end platform that provides wholesale and institutional clients with trading, clearing, and investment services.

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA   ClearView has made changes to its ClearChoice product series, including the launch of trauma options, and is closing its ClearChoice Super Rollover product.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN   There is a gap in perception among Australians of life insurance as a crucial component of financial stability, according to an Investment Trends Consumer Insurance Needs report.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON   Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients.

Chalmers makes bold inflation prediction

ELIZA BAVIN   The Federal Treasurer says he believes inflation will come back into the Reserve Bank's target range sooner than predicted.

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN   The Reserve Bank of Australia left interest rates unchanged again this month - but another hike could be on the cards.

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON   The government will provide $17.3 million over four years to ASIC and APRA to combat greenwashing and other related financial misconduct and help further develop Australia's sustainable finance market.

Former super fund adviser receives permanent ban

JAMIE WILLIAMSON   A financial adviser, who worked at several major superannuation funds, has been permanently banned after he tried to persuade clients to transfer their retirement savings into a bank account he controlled.

Head of institutional capital departs MA Financial

JAMIE WILLIAMSON   MA Financial's head of institutional capital Mike Pyke is taking on a new role at JLL.

Rest adds to C-suite with new appointment

ELIZA BAVIN   Rest has named a new chief people officer, choosing to promote internally.

Australian Food Super closes failed investment option

JAMIE WILLIAMSON   Australian Food Super, previously known as the Australian Meat Industry Superannuation Trust, is closing its Shares product, which failed last year's Your Future, Your Super test.

UniSuper restores online services, app

JAMIE WILLIAMSON   UniSuper's systems are back online, after close to two weeks of disruption.

Iress says its GitHub user space was breached

JAMIE WILLIAMSON   Iress has disclosed to shareholders that its private user space with software code repository GitHub was subjected to a cyber-attack over the weekend.

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON   The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA   Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.