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Australian Unity to shed 195 roles

MATTHEW WAI | FRIDAY, 5 JUN 2026

... read. "As part of this process, Australian Unity will reduce its workforce by 195 positions. "Importantly, these changes will not affect frontline care roles or the delivery of the essential services our customers and communities rely on each day." The ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI | FRIDAY, 5 JUN 2026

... these issues. This includes recent action against Equity Trustees for allegedly failing to meet its trustee obligations and not act in members' best financial interests when onboarding the First Guardian Master Fund. "This is the second action we have ...

Canopy Investors shuts doors, winds up fund

KARREN VERGARA | FRIDAY, 5 JUN 2026

... wind up the Canopy Global Small & Mid Cap Fund and to conclude the partnership between BFML and Canopy." "The decision is not an easy one, however as responsible entity BFML has a duty to act in the best interests of unitholders, and the fund has not ...

Vanguard's oldest ETF eclipses to US$1tn in value

RIDDHIMA TALWANI | FRIDAY, 5 JUN 2026

... index-tracking mutual fund available to retail investors. "Crossing the US$1 trillion barrier is more symbolic than anything. ETFs do not win prizes for growing to a particular size. Though Vanguard, and its funds that own the firm, will earn incrementally ...

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | FRIDAY, 5 JUN 2026

Count Financial has reportedly wound up its restricted self-managed superannuation fund (SMSF)/limited-advice service, losing some 26 advisers on the Financial Adviser Register (FAR), latest data shows. Padua WealthData's weekly adviser update shows ...

Family office succession takes back seat to investments

KARREN VERGARA | FRIDAY, 5 JUN 2026

... US$5.5 trillion by 2030. However, Deloitte's survey found about 30% of families harbour concerns about the next generation not being adequately prepared to take on the baton. What they are now prioritising is creation of effective succession plans and ...

ASX sees trade volumes soar in May

MATTHEW WAI | THURSDAY, 4 JUN 2026

The Australian Securities Exchange (ASX) saw a substantial growth in trade volumes last month, despite continued lackluster movement in initial public offerings (IPOs). According to its May monthly activity report, ASX reported a 31% increase in total ...

Almost half of Aussies not making voluntary super contributions

VINNY VUCAGO | THURSDAY, 4 JUN 2026

Almost half of Australians have never made an additional contribution to their superannuation potentially missing out on a significant opportunity to boost their retirement savings according to new research from Vanguard Australia. The research found ...

US proposes fresh tariffs on Australia

ELIZA BAVIN | THURSDAY, 4 JUN 2026

... commitments in Agreements on Reciprocal Trade. However, each of our trading partners must do more to ensure that trade does not perversely encourage and entrench forced labour globally." When questioned about the report and potential new tariffs, Treasurer ...

Cooling economy could keep RBA on hold

ELIZA BAVIN | WEDNESDAY, 3 JUN 2026

... rising and inflation remains elevated," Chesler said. "Even though inflation is high and likely to remain stubborn, we do not expect the increase in trimmed mean inflation to 3.4%, combined with the added pressure from yesterday's wage decision, to be ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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