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L1 Group realises $24m of $35m merger cost synergies

RIDDHIMA TALWANI  |  WEDNESDAY, 25 FEB 2026
... recognised $24 million in cost reductions since the merger of L1 Capital and Platinum Asset Management in October formed the new entity; it expects additional $10 million in synergies in the next financial year. It reported a rise in total funds under ...

GDG reports record FUM growth, eyes stronger second half

MATTHEW WAI  |  WEDNESDAY, 25 FEB 2026
... growth driven by strong FUM growth, recurring revenue streams, and operating leverage across the platform. That included the new operating structure, which combines Lonsec Investment Solutions and Evidentia Group to enhance alignments for better earnings ...

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... 1 July 2025 to 31 December 2025, the corporate watchdog received 9686 reports of misconduct (ROMs), raising 13,036 issues, new data from ASIC shows. ASIC said the increase in ROMs was driven largely by corporate governance concerns, including failures ...

Sequoia weighs InterPrac's fate, launches review

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
... stability across the broader advice market. "In recent times we have seen five platforms and two insurers remove access to new business for advisers operating under InterPrac," he said. "Adviser resignations and decisions by certain platforms to restrict ...

Chalmers releases retirement phase reforms

ELIZA BAVIN  |  TUESDAY, 24 FEB 2026
... framework, providing insights on fund offerings and member outcomes and helping track progress on uplift across the sector. The new measures build on the obligations introduced by the Retirement Income Covenant. They will be reviewed regularly to ensure ...

Zurich Financial Services to acquire ClearView

KARREN VERGARA  |  TUESDAY, 24 FEB 2026
Zurich Financial Services Australia is set to become the new owner of ASX-listed ClearView Wealth. Zurich Financial Services is offering 65 cents for each ClearView share, marking a 22% premium to the last closing the share price on February 23. This ...

A comfortable retirement now costs more than ever

RIDDHIMA TALWANI  |  TUESDAY, 24 FEB 2026
The cost of comfortable retirement for homeowners at age 67 has reached a record high, according to ASFA's latest quarterly Retirement Standard. A comfortable retirement super balance is now $630,000 for singles, up from $595,000. Couples would ...

Centrepoint Alliance, Count see strong earnings growth

MATTHEW WAI  |  TUESDAY, 24 FEB 2026
... transactions during the half year, including four financial planning acquisitions. FUA increased to $40.2 billion (up 11%), driven by new client growth and net client inflows. Meantime, the firm's underlying NPAT attributable to shareholders was ...

Trump hit by Supreme Court's 'body blow', strikes back with 15% global tariff

RIDDHIMA TALWANI  |  MONDAY, 23 FEB 2026
... legally tested, 15% level." "During the next short number of months, the Trump Administration will determine and issue the new and legally permissible Tariffs, which will continue our extraordinary successful progress of Making America Great Again - ...

Quinbrook expands Australian focus with two new executives

MATTHEW WAI  |  MONDAY, 23 FEB 2026
Quinbrook has expanded its Australian arm with the appointment of a new managing director and legal head. Tim Horneman has been appointed as managing director, Australia, reporting to chief executive Brian Restall, and will help grow and execute the ...