Financial Standard

Treasury gives Tranche 2 reform package preview

JAMIE WILLIAMSON   The government has provided clarity on the second tranche of the Delivering Better Financial Outcomes reforms, offering more detail around what's included and confirming the remit of its 'new class of adviser.'

Netwealth celebrates $100bn amid 25th anniversary

JAMIE WILLIAMSON   Netwealth has marked 25 years in business by crossing $100 billion in funds under administration (FUA) on its platform.

Nuveen raises over $400m for real estate debt strategy

MATTHEW WAI   Nuveen has closed its first commingled Australian commercial real estate debt strategy with investments of over $400 million from the Teachers Insurance and Annuity Association of America (TIAA) and Temasek.

New investment fund to drive gender equality

MATTHEW WAI   Future Generation has launched a first-of-its-kind investment fund, dubbed Future Generation Women, investing in companies with prominent gender-diverse leadership, equitable pay, and policies that support the advancement of women.

Permanent disablement claims for mental health explodes

ANDREW MCKEAN   Total and permanent disability (TPD) claims because of mental health for Australians aged 30 to 40 increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI).

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI   The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts."

SMSFs surpass $1tn milestone

MATTHEW WAI   The latest statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end.

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI   A new report published by the SMSF software provider has revealed growing opportunity for financial advisers and demonstrates the potentially detrimental effect of the proposed Division 296 tax.

2025 economic outlook 'threatening': AMP

ELIZA BAVIN   AMP chief economist Shane Oliver has outlined the key threats facing investors in 2025.

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN   Australian GDP rose for the 12th consecutive quarter but continues to slow.

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON   Licensees are generally slow to report to ASIC because of deficient internal processes and poor monitoring of compliance with the reportable situations regime, a review found.

Trustees, advisers have 'insufficient focus' on performance

ELIZA BAVIN   ASIC commissioner Alan Kirkland said superannuation trustees and advisers do not put enough focus on persistently underperforming investment options.

Commonwealth Bank names chief economist

ELIZA BAVIN   CBA has named its new chief economist following the news that Stephen Halmarick will be stepping down from the role.

Tyndall AM head of Aussie equities to retire

JAMIE WILLIAMSON   Brad Potter is retiring as Tyndall Asset Management's head of Australian equities, with his replacement confirmed.

GESB renews administration mandate

JAMIE WILLIAMSON   The fund for Western Australian public sector workers has renewed its mandate with MUFG Retirement Solutions.

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON   An independent review by Deloitte has found little evidence to suggest Cbus' pricey relationship with the CFMEU is in the best financial interests of members. It also found the fund's processes for determining the propriety of board directors are lacking.

Praemium partners to bring structured products to HNWIs

MATTHEW WAI   Praemium inked a deal with Stropro, an alternative investment platform, to offer financial advisers improved access to structured products to better meet the evolving needs of their high-net-worth (HNW) clients.

Commonwealth Super partners for admin uplift

JAMIE WILLIAMSON   Commonwealth Superannuation Corporation will work with Novigi to consolidate all its systems into one administration platform under a new seven-year deal.

Family office investment lead joins TCorp

ELIZABETH FRY   One of Australia's oldest family offices is farewelling its head of investment who plans to join TCorp in the new year.

Perpetual reveals decade of philanthropy insights

ANDREW MCKEAN   Perpetual, for the first time, has laid bare a decade's worth of data, unveiling insights into the philanthropic and charity sectors.