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ASIC welcomes support for simplifying guidance on conflicts of interest

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
... all conflicts of interest, except those that occur wholly outside a financial services business. The updated guidance will now demonstrate how the law applies to conflicts of interest in conflicts management obligations and the type of conflicts AFSL ...

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... Services Minister Pat Congaghan has slammed the CSLR for blowing out of proportion and therefore being unsustainable. "Right now, the CSLR is constantly running out of money, and almost a year after the government announced a post-implementation review ...

Three megatrends to watch in 2026

ELIZA BAVIN  |  MONDAY, 15 DEC 2025
... multi-asset and fixed income Sebastian Mullins said questions over the possibility of an AI bubble will persist, but it seems - for now - a bubble is not likely. "The cases for [a bubble] is very special valuations, a handful of companies, a high concentration ...

ASFA expands financial crime prevention framework for super trustees

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... trustees strengthen their fraud controls. The new features, dubbed the Scams and Fraud Toolkit and the Scams Policy Template, are now available and come in response to regulatory and community expectations for financial crime prevention. The Scams and ...

Hearts & Minds, WAM slash stakes in Corporate Travel Management

KARREN VERGARA  |  FRIDAY, 12 DEC 2025
... UK to conduct a forensic review of certain aspects of the FY23 to FY25 financial statements of the UK operations. KPMG is now questioning the revenue charged to large customers between 2021 and 2023 to the tune of GBP45.4 million ($91.5m). However, across ...

FEATURE: Private credit | At the precipice

GLENDA KORPORAAL  |  FRIDAY, 12 DEC 2025
... investors. Tim Warrick, managing director and group head of alternative credit with Principal Asset Management, says there are now a wide variety of investors in Australia who are investing or thinking of investing in the US private credit market, particularly ...

RBA hike may come as soon as February

ELIZA BAVIN  |  FRIDAY, 12 DEC 2025
... for November," Rynne said. "What is more concerning is that the annualised rate of employment growth across the economy is now less than 1.3%, well down from the 3% annual rate of employment growth the Australian economy started the year off with. "The ...

Betashares-backed firm names inaugural managing partner

ELIZABETH FRY  |  THURSDAY, 11 DEC 2025
... adviser engagement, as well as ensuring excellence in investment, operations and technology capabilities. The firm, which now manages a range of managed account investment solutions, was formed through the recent merger of Betashares' managed accounts ...

'Outdated' law gating teenagers from thousands of dollars in super: Industry

MATTHEW WAI  |  THURSDAY, 11 DEC 2025
... because of this outdated rule. The super gap starts from day one of men and women's working lives - and that needs to be fixed now," SMC chief executive Misha Schubert said. "Ensuring all under-18 workers are paid super will be another big stride forward ...

IFM Investors expands into Canada

ELIZA BAVIN  |  THURSDAY, 11 DEC 2025
... the partnership, Nest committed close to £500 million to seed a global infrastructure debt fund managed by IFM, which has now completed its first two investments - both located in the UK. IFM has assets under management of approximately $263.6 billion ...