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ASIC bans another former MWL adviser

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... Administrative Review Tribunal to review ASIC's decision. Morgan had also brought a stay and confidentiality application which he has now withdrawn. Morgan was authorised by MWL Financial Services from 1 May 2017 to 28 August 2025. On 25 August 2025 ...

Future Fund names new investment chief

ELIZA BAVIN  |  THURSDAY, 23 APR 2026
... previously chief executive of Pendal Group from 2018 to 2023. Prior to that he was chief investment officer of First State Super (now Aware Super) and group executive at Perpetual Investments. More recently he has served on several boards and investment ...

Rapid growth of UHNW population prompts management shift: Knight Frank

MATTHEW WAI  |  THURSDAY, 23 APR 2026
... According to Knight Frank's The Wealth Report 2026, Australia is currently ranked fourth globally for billionaire growth, now home to some 16,460 UHNW individuals - those with a net worth of more than US$30 million ($41.9m). It's also expected the population ...

MAX Awards 2026 finalists revealed

STAFF WRITER  |  TUESDAY, 21 APR 2026
Voting is now open for the 2026 Financial Standard MAX Awards. The finalists for the 2026 MAX Awards have been selected across 19 categories. The MAX (Marketing, Advertising and Sales Excellence) Awards shine a light on individuals and teams excelling ...

HUB24 sees $4bn net inflows, advances HTFS takeover

ELIZA BAVIN  |  TUESDAY, 21 APR 2026
... that HUB24 intended to transition the role of the trustee for the HUB24 super fund into the HUB24 group, due diligence has now been completed. HUB24 said it has exercised the call option to acquire HTFS Nominees, the trustee for the HUB24 super fund ...

UniSuper halves admin fees for 42,000 members

RIDDHIMA TALWANI  |  TUESDAY, 21 APR 2026
... professional advice and industry leading member services and digital tools," Chun said. "It has always been a high-quality offer and now we can provide it at an even more compelling price."

Nearly $12bn leaves Challenger in March quarter

KARREN VERGARA  |  TUESDAY, 21 APR 2026
... Challenger Index Plus sales jumped 41% to $629 million. "With APRA's new capital standards for insurers of longevity products now set, we are turning to the implementation, which will deliver an immediate and material reduction in shareholder risk, support ...

Partners Wealth Group unveils new identity for Partners Private

MATTHEW WAI  |  TUESDAY, 21 APR 2026
... its funds under management to more than $5.8 billion while continuing to expand across Melbourne, Sydney and Perth. The firm now employs more than 160 staff and collaborates wit over 300 accounting firms, delivering integrated services across financial ...

Hostplus extends Citi mandate

KARREN VERGARA  |  MONDAY, 20 APR 2026
... after an 18-month process. J.P. Morgan was the fund's previous custodian, a position it had held for 14 years. Hostplus now has more than $150 billion in funds under management and 1.9 million members. Citi Australia and New Zealand co-head of services ...

More M&A amid AI buildouts, heightened costs: Fidelity International

MATTHEW WAI  |  FRIDAY, 17 APR 2026
... report said. The IT sector is seemingly having a more prevalent momentum in the M&A trajectory, with 63% of IT sector analysts now expecting a rise of the activity in the coming months. "Achieving meaningful productivity gains from AI in system integration ...