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ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... digital assets as financial products under updated guidance, while providing plenty of time for those that need to fulfill new requirements. Firms providing services related to digital assets that are financial products, including wrapped tokens, stablecoins ...

FAAA names new board members

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
... years. Viridian Financial Group joint chief executive Glenn Calder and Marshan Consulting managing director Ben Marshan join as new directors. Wealth Forum's Jade Khao (Tan) has been re-elected to the board. Their appointments take effect at the ...

Crown Wealth director banned for two years

KARREN VERGARA  |  THURSDAY, 30 OCT 2025
ASIC has banned another former Crown Wealth Group staffer from working in the financial services industry for showing incompetence in addressing fees-for-no-service (FFNS) misconduct. Brendan Rodwell, who was the director of Crown Wealth Group, was ...

Unclaimed super pot hits $19bn: ATO

ELIZA BAVIN  |  THURSDAY, 30 OCT 2025
The Australian Taxation Office (ATO) released new data revealing there is almost $19 billion in lost and unclaimed superannuation waiting to be claimed by over seven million people. ATO deputy commissioner Ben Kelly said there could be several reasons ...

Rest launches new retirement tools to increase advice appetite

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
The $100 billion super fund has announced a new digital experience designed to simplify members' access to its resources for retirement needs, especially for its advice business. The Rest Retire Ready is designed to connect pre-retiree members to ...

Janus Henderson launches small caps fund in Australia

ANGELIQUE MINAS  |  THURSDAY, 30 OCT 2025
... Janus Henderson Investors (Janus Henderson) has launched the Janus Henderson Global Smaller Companies Fund in Australia. The new fund will provide Australian investors with access to potential growth opportunities through global smaller company investments. ...

One in three Aussies face 10-year retirement savings gap: Fidelity

RIDDHIMA TALWANI  |  THURSDAY, 30 OCT 2025
New research has revealed that one third of Australian pre-retirees and retirees over the age of 50 are financially unprepared for retirement, facing a savings shortfall of at least a decade. Fidelity International's latest research, in partnership ...

Morningstar DBRS expands into regional Australia

ANGELIQUE MINAS  |  WEDNESDAY, 29 OCT 2025
... rating agency Morningstar DBRS (Morningstar) has announced its expansion into the Asia Pacific region with the opening of a new regional hub in Australia. The Sydney hub will function as a service center for the broader Asia Pacific region. Local teams ...

PacSuper extends mandate with Perpetual

KARREN VERGARA  |  WEDNESDAY, 29 OCT 2025
Papua New Guinea superannuation fund PacSuper has extended its contract with Perpetual Investment Management and expanded its multi-asset mandate. Following a strategic asset allocation review, PacSuper's board said it endorsed the extension of ...

L1 Group replaces chief, seeks $330m

KARREN VERGARA  |  WEDNESDAY, 29 OCT 2025
... placement of $286 million and a share purchase plan for $25 million. The money will be used to fund co-investments in L1 Capital's new Global Long Short strategy, provide co-investment support for another new strategy that has yet to launch. It will ...