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Prime Super fined over tobacco exclusion claims

JAMIE WILLIAMSON  |  THURSDAY, 6 NOV 2025
Prime Super paid a penalty of $18,780 after it claimed it "excluded entirely" manufacturers of tobacco products when it had indirect holdings in six companies. ASIC issued an infringement notice to the $8 billion super fund over misleading statements ...

Schroders Australia chief executive to retire, successor named

MATTHEW WAI  |  WEDNESDAY, 5 NOV 2025
... wonderful business and continue to build upon the exceptional capabilities of the local and global platform," she said. After close to four decades in the investment industry, Doyle believes it is the right time to step back from a full-time executive ...

Damian Graham jumps to Challenger

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
Challenger has announced the appointment of Damian Graham to the new role of group chief investment officer, effective January 2026. The group chief investment officer position is a new role that will integrate investment teams from Challenger Life ...

RBA on hold but 'not as hawkish as feared'

ELIZA BAVIN  |  WEDNESDAY, 5 NOV 2025
... Australia (RBA) surprised no one by keeping interest rates on hold at 3.6% at its November meeting, but economists were paying close attention to the tone of the statement released by the central bank. Betashares chief economist David Bassanese said ...

Private credit funds downplay risks, pose risk to financial system: ASIC

KARREN VERGARA  |  WEDNESDAY, 5 NOV 2025
Private credit fund managers downplay the risks of their products and flout basic disclosures of the state of their investments, ASIC's investigation reveals, fearing they have the potential to harm investors, the sector itself and the broader financial ...

Outsourcing will 'supercharge' value of advice: Netwealth

MATTHEW WAI  |  TUESDAY, 4 NOV 2025
A new report from Netwealth outlines key methods of growth for advice businesses, including pinpointing where to outsource some business activities. Netwealth's Innovation starts with curiosity report touches on several solutions, spanning from ...

State Street Investment Management invests in Coller Capital

KARREN VERGARA  |  TUESDAY, 4 NOV 2025
State Street Investment Management (SSIM) made an undisclosed investment in private markets investor Coller Capital. SSIM said it took a minority stake in the US$46 billion Coller Capital, which focuses on secondary investing. Coller has presence in ...

Phillip Lowe to chair ASX Advisory Group

ANGELIQUE MINAS  |  TUESDAY, 4 NOV 2025
The ASX announced Phillip Lowe as chair of the newly formed Advisory Group on Corporate Governance (AGCG). Per the recommendations made in the October expert review panel's report, the AGCG was established to replace the ASX Corporate Governance Council. ...

Cboe calls time on Australian market

MATTHEW WAI  |  MONDAY, 3 NOV 2025
Cboe Global Markets (Cboe), the parent company of Cboe Australia, is selling the Australian business to sharpen its strategic focus on emerging growth opportunities. Announcing the decision during its Q3 business update, Cboe has initiated the sales ...

Super moves: Aware Super, Future Fund, ART, AustralianSuper

ELIZABETH FRY  |  THURSDAY, 30 OCT 2025
Aware Super has appointed Simon Warner as chief investment officer, replacing outgoing CIO Damian Graham, who announced his intention to step down from the role in May. Warner, who joined Aware Super in 2023 as head of portfolio management, will lead ...