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| | | FIIG Securities will pay $2.5 million over cybersecurity failures that went on for years and saw the private data of clients compromised and, in some cases, leaked. ASIC brought its case against FIIG Securities in March 2025 after it found the firm ... |
| | | | The Reserve Bank of Australia (RBA) has revised its economic outlook, showing a higher unemployment rate and slowing GDP growth over 2026. In its Statement on Monetary Policy (SoMP), the central bank expects GDP growth to pick up slightly in the near-term ... |
| | | | Treasury has opened another review into the $2 trillion managed investment scheme (MIS) sector off the back of the Shield Master Fund and First Guardian Master Fund collapses. This time, the Enhancing oversight and governance of managed investment schemes ... |
| | | | ... report also suggested that aged care financial advice be classified as Personal Financial Product Advice under the Corporations Act. This would ensure that providers are required to have an AFSL. The paper also recommends introducing financial planning ... |
| | | | Global pension assets reached a record US$68.3 trillion ($89.3tn) in 2025 across the top 22 markets, rising 9.6% year-on-year as defined contribution savings continued to drive growth, new research found. According to the Thinking Ahead Institute's ... |
| | | | The United Nations Joint Staff Pension Fund has a new lead. Robert van der Zee was permanently appointed by the United Nations Secretary General to oversee the pension fund as Representative of the Secretary General for the investment of the fund's ... |
| | | | Marking its entry into the Australian wholesale investor market, Federated Hermes has launched a global trade finance fund. As a feeder fund, it invests in an AUD-denominated share class of the Federated Hermes Project and Trade Finance Master Fund ... |
| | | | The Reserve Bank of Australia (RBA) came under fire for overlooking the role government spending, which recently peaked again, has played in driving inflation and interest rate decisions. The grilling came off the back of the Monetary Policy Board upping ... |
| | | | ... people who make a successful complaint to AFCA will be entitled to up to $150,000 in compensation, SCA noted, but they need to act quickly. "Thousands of people have had their retirement savings wiped out after being steered into high-risk products that ... |
| | | | Future Group has reshuffled its investment leadership, appointing a new chief investment officer and shifting its incumbent investment lead into a strategist role. Joe Fernandes joins the group after five years at Australian Unity, where he most recently ... |
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