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Actuaries Institute makes proposal to close advice gap

ELIZA BAVIN  |  TUESDAY, 28 OCT 2025
... needs and contributes to enhanced financial wellbeing." The discussion paper proposed a principles-based HGA framework to apply broadly to how financial institutions help consumers improve their financial wellbeing. In considering the increased accessibility ...

FEATURE: Fund admin | Tight Ship

KARREN VERGARA  |  FRIDAY, 24 OCT 2025
... they know the processes at all? ASIC commissioner Simone Constant told Financial Standard the regulator will continue to apply pressure on the sector to ensure that all funds - no matter how big or small - are meeting their obligations to members. "It's ...

Feature: Retirement | Rewarding risk

LACHLAN COLQUHOUN  |  WEDNESDAY, 22 OCT 2025
Ben Hillier's 83-year-old mother recently went on her fourth overseas holiday this year. It was, says Hillier, at his insistence. A few years ago, his mother was convinced she wouldn't be able to travel anymore. She couldn't afford to do ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... eligibility for a payout. "Most life insurance policies cover natural causes, accidents and illnesses. However, exclusions may apply in cases such as suicide, typically within the first 12-24 months of the policy; death due to criminal activity; death ...

ETF Shares flees Cboe for better 'connectivity'

MATTHEW WAI  |  MONDAY, 20 OCT 2025
... investment channels. Under the current Australian exchange rules, ASX-listed ETFs automatically trade on Cboe, but it does not apply in reverse, ETF Shares said. The ETFS US Quality ETF (BEST), ETFS Magnificent 7+ ETF (HUGE), and ETFS US Technology ETF ...

Early release of super for dental, IVF spikes in FY25

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
The amount being taken from superannuation accounts to pay for dental and IVF treatments increased significantly in the year to June 30. Fresh data released by the Australian Taxation Office (ATO) today shows another spike in Aussies applying for early ...

BUSSQ streamlines product offering

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
The $7.4 billion industry super fund has consolidated its accumulation products into one as part of a multi-year simplification strategy. BUSSQ has historically had two accumulation phase products for members in BUSSQ MySuper and Premium Choice. The ...

Insurers design framework for dealing with mental health claims

MATTHEW WAI  |  MONDAY, 13 OCT 2025
... younger Australians. The Life Code Compliance Committee (Life CCC) recently admonished many life insurers for continuing to apply blanket mental health exclusions despite being required to assess customers' individual circumstances. According to ...

ASIC slams licensees' lax offshoring governance

KARREN VERGARA  |  FRIDAY, 10 OCT 2025
... particularly when they are outsourced internationally," ASIC said. The regulator also warned that licensees must consistently apply the same standards required of Australian-based third-party service providers to OSPs, particularly when handling client ...

QIC delivers $9.6bn for Queensland

ELIZA BAVIN  |  THURSDAY, 2 OCT 2025
QIC delivered record FY25 results of $9.6 billion to its Queensland government clients in FY25, taking total earnings for the state to more than $22 billion since 2022. QIC said despite fluctuating market conditions during the financial year, assets ...