Federal Reserve raises rates 0.75%

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.

HESTA has named a pair of general managers, who will be joining the $107 billion super fund, joining from Aware Super and QIC.

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

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.