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ASIC considers changes to net asset requirements

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
... announce its final position by 31 July 2026. The last time NTA financial thresholds were amended was in July 2013. ASIC said now is an appropriate time to review in the wake of the Shield and First Guardian collapses. "In light of recent scheme collapses ...

Another RBA hike in May 'not a done deal'

ELIZA BAVIN  |  WEDNESDAY, 18 MAR 2026
... over recent weeks," he said. Similarly, Convera lead FX and macro strategist - APAC Shier Lee Lim said the May meeting is now "squarely in play". "What [the] decision tells us is that the RBA is no longer willing to treat above-target inflation as a ...

'We've let our members down': Watson

ELIZA BAVIN  |  TUESDAY, 17 MAR 2026
... Watson said continued consolidation in the industry hasn't delivered what it should have to members. "It's time for funds now to really take stock of where they are and just work out what they can do to improve the member experience," he said. "We've ...

ETFs grow in popularity for SMSF investors

JAMIE WILLIAMSON  |  TUESDAY, 17 MAR 2026
... return is apparent in the trading patterns on our platform. They are taking advantage of the wide range of listed securities now available to construct whole portfolios - not just buying ordinary shares for clients," AUSIEX national manager, strategic ...

Massive Acenda job cuts ire former staff

KARREN VERGARA  |  TUESDAY, 17 MAR 2026
... followed by around 150 lower middle management roles, and a third round of more than 50 further redundancies. The union has now heard reports of further job cuts," the FSU said. "Workers say the cuts have been handled chaotically, with the union only ...

Treasury proposes advice education standard reforms

KARREN VERGARA  |  TUESDAY, 17 MAR 2026
... financially unviable," Treasury said. Given the current shortage of advisers to meet future demand for financial advice, Treasury now agrees that high barriers to entry, an overly prescriptive curriculum and the administrative burden to update the determination ...

CALI pushes for advice reforms as Australians turn to AI

RIDDHIMA TALWANI  |  TUESDAY, 17 MAR 2026
... AI in their daily lives, most remain reluctant to trust it with decisions about their money. CALI added advice reforms are now more critical than ever, particularly following the collapse of First Guardian and Shield Master Fund. "We have seen firsthand ...

Index managed portfolios still most popular among advisers: North

RIDDHIMA TALWANI  |  MONDAY, 16 MAR 2026
... portfolio in partnership with Invest Blue Group. "Through our partnership with Russell Investments and Ironbark and North, we have now co-designed, built, and launched a Private Markets SMA available to clients across super, pension, and IDPS structures," ...

Inflation to spike, oil supply plenty: Chalmers

KARREN VERGARA  |  MONDAY, 16 MAR 2026
... eventuate. "That's not something we're expecting, in fact we have really more than enough fuel as it stands right now. We've got big stockpiles of fuel, whether it's petrol or diesel or jet fuel, and we work around the clock to make sure ...

Aware, TelstraSuper take final steps towards merger

JAMIE WILLIAMSON  |  MONDAY, 16 MAR 2026
With a signed successor fund transfer deed, Aware Super and TelstraSuper are now just a couple of months out from merging. The two funds said they will look to transfer all TelstraSuper members to Aware in the next two months. A limited service period ...