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Australian Unity to shed 195 roles

MATTHEW WAI | FRIDAY, 5 JUN 2026

... government's roll out of the Support at Home program. Australian Unity said this delay and capped funding has constrained new customer onboarding and revenue growth, while the previously increased workforce capacity has further impacted margins. ...

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

RIDDHIMA TALWANI | FRIDAY, 5 JUN 2026

... five years ago. State Street SPDR S&P 500 ETF was the giant at the time with around US$360 billion." Sotiroff said inflows of new money largely went Vanguard's way and catapulted its ETF from third to first. "Investors added more than US$400 billion ...

Perpetual acquires majority stake in Interfi

VINNY VUCAGO | FRIDAY, 5 JUN 2026

... long term growth within the group's Corporate Trust business. "This transaction is in line with our strategy to invest in new capabilities in Corporate Trust to support long term growth and retain its strong market leadership," Reilly said. "The acquisition ...

First Super recruits head of investments from Prime Super

MATTHEW WAI | FRIDAY, 5 JUN 2026

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. Michael McQueen is joining the industry fund on July 1, coming from Prime Super where he was the general ...

TAL appoints two new board members

MATTHEW WAI | FRIDAY, 5 JUN 2026

TAL has welcomed two new independent non-executive directors to its board. Angela Mentis and Akifumi Kai have been named the new independent non-executive directors. TAL also acknowledged the retirement of Christine Bartlett from the board, following ...

Family office succession takes back seat to investments

KARREN VERGARA | FRIDAY, 5 JUN 2026

... wealth. On the plus side, most family offices have a robust investment focus and operations to support that, according to the new UBS Global Family Office Report. Among the 307 participants, strategic asset allocation, portfolio risk management and financial ...

ASX sees trade volumes soar in May

MATTHEW WAI | THURSDAY, 4 JUN 2026

... said. Total average daily futures and options on futures volumes were up 21%. Meanwhile, IPO numbers remained slow, with eight new entities listed in May but there was net growth of zero as another eight entities were delisted. Notably, June marks the ...

M&G new hire to bolster Australian insto ties

RIDDHIMA TALWANI | THURSDAY, 4 JUN 2026

... senior leadership roles at PGIM and Principal Global Investors, where he led institutional businesses across Australia and New Zealand. M&G Investments global head of client group Neil Godfrey said Sinclair's appointment strengthens the firm's presence ...

Munro expands access to climate focused fund

VINNY VUCAGO | THURSDAY, 4 JUN 2026

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand. Munro said the move expands access to a strategy focused on companies positioned to benefit from the global decarbonisation trend. The fund, which is ...

Almost half of Aussies not making voluntary super contributions

VINNY VUCAGO | THURSDAY, 4 JUN 2026

... 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 46% of Australians have never made voluntary contributions beyond their ...

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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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