Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 331 - 340 of 6258 results for "DET"

Chalmers says tax reform coming, but offers no detail

ELIZA BAVIN  |  MONDAY, 25 AUG 2025
Treasurer Jim Chalmers has confirmed the government intends to cut taxes but also that broader tax reform is necessary. "When it comes to tax, the government's tax policies haven't changed. Our major focus is on cutting taxes, two more times for every ...

ASIC freezes assets of First Mutual Private Equity

MATTHEW WAI  |  FRIDAY, 22 AUG 2025
The Federal Court imposed urgent interim orders to freeze the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton, with ASIC concerned more than $50 million of investor funds is at risk. ASIC is investigating FMPE ...

APRA sets higher cybersecurity expectations for trustees

KARREN VERGARA  |  FRIDAY, 22 AUG 2025
Trustees' cyber-resilience is riding high on APRA's enforcement agenda over the next four years, but in the short term the regulator warned it will escalate action where necessary if they cannot prove to have basic measures in place. The prudential ...

Anti-hawking exemption for advisers a 'silly carve out': SCA

MATTHEW WAI  |  THURSDAY, 21 AUG 2025
Super Consumers Australia (SCA) is calling on the government to alter anti-hawking legislation to ensure consistency between selling financial services and financial products. In response to an Australian Competition and Consumer Commission (ACCC) consultation ...

Australia emerges as managed accounts leader: Research

MATTHEW WAI  |  WEDNESDAY, 20 AUG 2025
A new Praemium study found that managed accounts are slowly becoming an essential tool for local financial advisers. According to the survey, 62% of financial advisers currently used managed accounts, an increase from about 59% earlier this year, and ...

Funds SA pushes for efficiencies with AI targets

JAMIE WILLIAMSON  |  TUESDAY, 19 AUG 2025
Targets around the use of artificial intelligence (AI) will be baked into the performance plans of every staff member at the centralised investment manager. Funds SA is rolling out an AI strategy, aimed at boosting efficiencies and productivity within ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
ASIC is warning life insurers to do better when it comes to their direct sales practices that have placed doubt on their compliance obligations and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review ...

Aberdeen to terminate three funds

MATTHEW WAI  |  MONDAY, 18 AUG 2025
Aberdeen Investments is shutting down three funds due to declining investor demand, which has seen the funds diminish in size. The abrdn International Equity Fund, abrdn Multi-Asset Income Fund, and abrdn Multi-Asset Real Return Fund will be terminated ...

Fiducian FUA reaches $5bn

KARREN VERGARA  |  MONDAY, 18 AUG 2025
Fiducian Group's funds under advice (FUA) hit $5 billion in the 2025 financial year as net inflows from salaried and franchisee financial advisers reached $343 million. FUA grew 4% year on year from $4.8 billion across its Core, Auxilium and Badges ...

PE firm sells CyberCX to Accenture

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
Accenture will acquire trans-Tasman cyber security firm CyberCX from private equity firm BGH Capital. Founded in Melbourne in 2019, CyberCX has about 1400 employees and provides consulting, transformation and managed security services, as well as offensive ...